U.S. Army Awards $1.4 Million Contract to TVI Corporation for Chemical and Biological Protection Systems
Thursday September 30, 9:00 am ET
GLENN DALE, Md.--(BUSINESS WIRE)--Sept. 30, 2004--TVI Corporation (NASDAQ:TVIN - News), a global supplier of equipment for first responders, military, and public health agencies for use in response to WMD and terrorist threats, today announced that the United States Army has awarded TVI a $1.4 million contract for the TVI Guardian Col/Pro(TM) system. These systems will provide U.S. Army bases with increased protection against chemical and biological threats.
In the event of a chemical or biological attack, military personnel will be protected by quickly deploying and entering the shelters. The systems can also be utilized to isolate individuals that have been exposed to life threatening agents and help prevent the spread of contamination.
The systems include both a new TVI environmental control unit that incorporates HEPA and TEDA carbon filters and specialized rapid deploy shelters that incorporate pressure differential monitors and entry airlocks.
"It is gratifying that the U.S. Army has selected our technology to help protect its base infrastructure," stated Richard V. Priddy, TVI Corporation's President and CEO. "The Guardian Col/Pro system is another example of the innovative technology developed at TVI that is now being fielded."
"We see the chemical and biological protection and isolation market as another area with tremendous growth potential," Mr. Priddy continued. "We will continue to expand into the collective protection market by innovating and acquiring 'best of breed' products and technologies for first responders and the military."
This contract was awarded through EAI Corporation, a military distributor for TVI.
About TVI Corporation:
TVI Corporation, located in Glenn Dale, Maryland, is a global supplier of rapidly deployable systems for first responders, military, and public health agencies for use in response to weapons of mass destruction (WMD) and terrorist threats. The Company designs, fabricates, and markets final products and systems both through distributors and directly to end-users and OEMs. These systems include chemical and biological decontamination systems, infection control systems, and powered air respirator 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 devices, beacons and markers, and decoys.
Over the past two years, TVI has experienced rapid growth, attributable to international, federal, state and municipal government spending in response to WMD and terrorist threats. TVI's products have expanded to include Chem/Bio Isolation systems for hospitals and first responders, trailerized first responder products, crime scene investigation systems for police, and mobile hospitals. TVI's products, and others of their kind, represent integral components of a standard decontamination process.
The TVI designation is a service mark of TVI Corporation. All other company and product names mentioned above are trade names and/or trademarks of their respective owners.
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", "believes", expects", "might result", 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 revenue expectations; our ability to respond to changes in the counter-terrorism, military, public safety, and first responder communities; adverse changes in governmental regulations; expected costs or charges, certain of which may be outside the control of the Company; the time and costs involved in the marketing and promotion for our products; the possible cancellation of existing orders for our products; general economic and business conditions; difficulties in integrating the operations, technologies and products of any businesses we may acquire, 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, 10-KSB, 10-QSB, and other SEC filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date of the press release. We assume no obligation to update any such forward-looking statements, whether as a result of new information, future events or otherwise.
For more information concerning TVI, please visit us at: www.tvicorp.com.
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Contact:
TVI Corporation, Glenn Dale
Richard Priddy, 301-352-8800 x210
or
Mike Frank, 201-659-0101
mike@mikefrankassociates.com |
