TVI Corporation Receives $2.0 Million Contract from U.S. Army for C2A1 Filter Canisters; First Order for Company's Filter Canister Line; Creates Opportunities for Future Military Contracts.GLENN DALE, Md. -- TVI TVI Televisão Independente (Portuguese TV Channel) TVI Technical Vocational Institute (Albuquerque) TVI Teacher of the Visually Impaired TVI Television Interference TVI Tutored Video Instruction Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TVIN TVIN Thames Valley Investment Network (UK) ), a global supplier of rapidly deployable first receiver and first responder first responder First response personnel Emergency medicine A person employed in the public sector–EMT, fire fighter, police, volunteer EMS–whose duties include provision of immediate medical care in the event of an emergency; FRs have basic emergency systems for homeland security, hospitals, the military, police and fire departments, and public health agencies, today announced it has received an order valued at approximately $2.0 million from the U.S. Army TACOM TACOM Tank-Automotive and Armaments Command (US Army) TACOM Tactical Communications TACOM Tactical Command TACOM Tank-Automotive and Armament Command TACOM Theater Army Command TACOM Tactical Army Command TACOM Tactical Army COM Life Cycle Management Command for TVI's C2A C2A Client to Application C2A Click to Action 1 filter canisters, subject to first article approval. The contract is TVI's first military order for its filter canister manufacturing facility, located at its Glenn Dale, Maryland
Glenn Dale is a census-designated place (CDP) in Prince George's County, Maryland, United States. The population was 12,609 at the 2000 census. headquarters. "Winning this contract from the U.S. Army is a milestone achievement for TVI," said TVI Corporation's President and Chief Executive Officer, Richard V. Priddy. "We view this contract as an important steppingstone step·ping·stone n. 1. A stone that provides a place to step, as in crossing a stream. 2. An advantageous position for advancement toward a goal. with the U.S. military as it qualifies us to apply for additional contracts that are significantly larger in the years ahead. Prior year filter canister awards have averaged more than one million canisters annually. Although there is no guarantee of TVI being awarded future contracts, these canisters are a necessary component in military respirators that filter chemical, biological, radiological and nuclear agents, inorganic particulates, and toxic gases." "With this order, we are beginning to realize the promise of our world-class facility," Priddy said. "While the approval process on both the military and commercial sides has been long, the plant closely aligns with our long-term strategy to further diversify our product offerings and deepen our relationship with the military. In addition, due to the consumable nature of the filter canister, it meets our objective of greatly expanding our recurring revenue stream." "TVI continues to make progress on the commercial approval front," Priddy continued. "We recently received NIOSH NIOSH National Institute for Occupational Safety & Health, see there NIOSH Recommendations for Safety & Health Standards Agent NIOSH REL*/OSHA PEL† Health effects approval to incorporate our filter canister into one of our own PAPR PAPR Powered Air-Purifying Respirator PAPR Peak-to-Average Power Ratio PAPR Partially Acidulated Phosphate Rock PAPR Physician Assistants' Prescribing Reference PAPR Product Assurance Program Representative designs. We are pursuing NIOSH approval for a number of additional commercial applications in an effort to begin sales to OEMs, several of whom have indicated an intent to purchase filter canisters once approval is received. In addition, we have submitted for various European approvals, and believe this C2A1 award establishes TVI's credibility both in the U.S. and abroad regarding its filter canister capabilities." TVI's filter canister facility is a cost-efficient, fully-automated production line capable of supplying a wide variety of canisters. The operation was designed to produce a variety of canister types at high volumes, while providing surge capacity in the event of a major chemical attack, biological outbreak, or terrorist attack. About TVI Corporation TVI Corporation, located in Glenn Dale, Maryland, is a global supplier of rapidly deployable first receiver and first responder systems for homeland security, hospitals, the military, police and fire departments, and public health agencies. The Company designs, fabricates and markets products and systems both through distributors and directly to end-users and OEMs. These systems include chemical and biological decontamination decontamination /de·con·tam·i·na·tion/ (de?kon-tam-i-na´shun) the freeing of a person or object of some contaminating substance, e.g., war gas, radioactive material, etc. de·con·tam·i·na·tion n. systems, infection control systems, and powered air respirator respirator /res·pi·ra·tor/ (res´pi-ra?ter) ventilator (2). cuirass respirator see under ventilator. systems for individuals. The Company's core systems are fabric shelter structures, which employ the Company's proprietary articulating frame. The Company also sells a line of thermal products, which includes targets, IFF 1. (file format) IFF - Interchange File Format. 2. IFF - Identify friend or foe (radar). 3. (mathematics, logic) iff - if and only if, i.e. necessary and sufficient. (Identification Friend or Foe The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. ) devices, beacons and markers, and decoys. During the past several years, TVI's product line has expanded to include Chem/Bio Isolation systems for hospitals and first responders, trailerized first responder products, crime scene investigation Crime scene investigation may refer to:
The TVI designation is a trademark of TVI Corporation. All other company and product names mentioned above are trade names and/or trademarks of their respective owners. For more information concerning TVI, please visit the Company at: www.tvicorp.com. This reference to the TVI website is an active textual reference and the contents of the site are not part of this press release. " Safe Harbor" Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 Information contained in this press release constitutes forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and involves expectations, beliefs, plans, intentions or strategies regarding the future. These statements may be identified by the use of forward-looking words or phrases such as "should", "anticipates", "believes", "expects", "might result", "estimates" and others. These forward-looking statements involve risks and uncertainties and are not guarantees of future performance, as actual results could differ materially from our current expectations. Such risks and uncertainties include achieving order and sales levels to fulfill our revenue expectations; expected costs or charges, certain of which may be outside our control; the time and costs involved in the research, development, marketing and promotion for our products; the possible cancellation or non-fulfillment of existing orders or distributor commitments for our products; our ability to respond to customer needs and other changes in the counter-terrorism, military, public safety and first responder and first receiver communities; our ability to maintain and manage our growth; difficulties in integrating the operations, technologies and products of any businesses we have acquired and may acquire; general economic and business conditions; adverse changes in governmental regulations; the possibility that our products contain unknown defects that could result in product liability claims; and competitive factors in our markets and industry generally. Numerous other factors could cause or contribute to such differences, including, but not limited to, those set forth in the Company's Annual Report to Stockholders, periodic reports, registration statements and other filings made with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date of this press release. We assume no obligation to update any such forward-looking statements, whether as a result of new information, future events or otherwise. |
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