TVI Corporation Announces Completion of Contract For New Commercial Products
GLENN DALE, Md.--(BUSINESS WIRE)--Oct. 18, 2001--TVI Corporation announced Thursday that it had completed delivery of three shipments of its rapid deploy tents to one of the major national insurance companies.
These tents were designed specifically to meet functional, quality, and reliability requirements of the insurance company's field operations. They will enable the company to respond to sites with damage from either natural or man-made disasters and to provide immediate and on-site services to its policy holders.
Chad Sample, vice president of TVI, has worked with the company for some time to assist in defining their mobile and field requirements and to develop optimum shelter configurations. "This insurance company places great priority on client service" he said. "Wherever there is an incident causing property damage to their policy holders, they want to be there and to provide immediate policy holder assistance. Our colorful, rugged, and easily deployable tents will provide them the presence and functionality they need."
Mr. Sample noted that this kind of response and capability are quite similar to the requirements of public safety agencies, a market in which the company is a leading supplier. "The insurance company will immediately deploy teams of claims personnel to an incident site such as a hurricane" he said, "and these teams will need quality working space for a variety of functions such as claims offices, vehicle inspection, and operations centers."
Allen Bender, CEO of TVI, added that this new product family was an important step in the company's continuing efforts to broaden its markets and increase revenues. He noted that commercial market segments are particularly valuable in establishing a solid foundation for future corporate development.
TVI is a leading manufacturer of quick erect tents and signage, casualty decontamination systems, and thermal targets in its 25th year of operations. Its stock trades on the OTC Bulletin Board under the symbol TVIN. More information is available at the company's website at www.tvicorp.com.
CONTACT:
TVI Corporation
Allen E. Bender, 301/352-8800
Fax: 301/352-8818
KEYWORD: MARYLAND
BW2358 OCT 18,2001
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