ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

PSP

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:PSP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Pacific Safety Products Inc. Announces Two New Contracts With a Combined Value of Approximately $2.4 Million

07/05/2014 1:30pm

Marketwired Canada


Pacific Safety Products Inc. ("PSP" or the "Company") (TSX VENTURE:PSP)
announced today that it has received a contract for the production of armour
vests for delivery to facilities across Ontario. The contract is valued at
approximately $1,000,000. The Company expects deliveries to commence shortly and
continue until the contract expires in December, 2015.


PSP has also received a contract for the delivery of tactical armour vests and
related products for delivery in Ontario. The contract value is approximately
$1,373,000. The term of the contract is three years, with options to extend the
term for two successive one year periods, running until April 2019, if both such
options are exercised.


The tactical vest contract had a requirement that armour vests do not exceed a
maximum weight of 1 pound per square foot. PSP won this contract using its
recently certified, industry leading, HeliX IIIa. This contract will allow all
other provincial agencies falling within the public service to purchase PSP's
tactical armour and related products.


PSP won both of these contracts in open competition. The Company continues to
lead the Canadian market for the supply of protective armour products to the
Canadian military and law enforcement agencies.


These contracts represent new business for the Company.

About PSP: The mission statement of Pacific Safety Products Inc. is ...we bring
everyday heroes home safely(R). PSP is an established industry leader in the
production, distribution and sale of high-performance and high-quality safety
products for the defence and security market. These products include body armour
to protect against ballistic, stab and fragmentation threats, ballistic blankets
to reduce blast effects, tactical clothing, and protective products against
chemical and biological hazards. PSP is the largest body armour manufacturer in
Canada, directly supplying the Canadian Department of National Defence, Federal
Government Agencies and major Canadian law enforcement organizations. The
Company, through its U.S. subsidiary Sentry Armor Systems Inc., provides body
armour products under the GH Armor Systems(R) brand to U.S. based law
enforcement and private security firms. The Company also produces tactical
clothing. Pacific Safety Products is a reporting issuer in British Columbia,
Alberta and Ontario, Canada and publicly trades under the symbol PSP on the TSX
Venture Exchange. 


Forward-Looking Information: This news release contains certain statements which
may constitute "forward-looking information" within the meaning of applicable
securities laws. These statements relate to anticipated or assumed events or
results and, in some cases, can be identified by words or phrases such as "may",
"will", "expect", "plan", "anticipate", "intend", "potential", "estimate",
"believe" or the negative of these terms. The forward-looking events and
circumstances discussed in this news release, including when the Company expects
to commence delivery under the above noted contracts, may not occur and could
differ materially as a result of known and unknown risk factors and
uncertainties affecting the Company. No forward-looking statement can be
guaranteed. Forward-looking statements and information by their nature are based
on assumptions and involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or achievements, or
industry results, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statement or information. Accordingly, readers should not place undue reliance
on any forward-looking statements or information. The forward-looking
information contained herein is expressly qualified in its entirety by this
cautionary statement. Any forward-looking statement speaks only as of the date
of this news release and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events
or results or otherwise.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pacific Safety Products Inc.
Terry Vaudry
CEO
(613) 623-6001
www.pacsafety.com

1 Year Pacific Safety Products Inc. Chart

1 Year Pacific Safety Products Inc. Chart

1 Month Pacific Safety Products Inc. Chart

1 Month Pacific Safety Products Inc. Chart

Your Recent History

Delayed Upgrade Clock