TVIN Contract News:
State of West Virginia places $4 Million Order for TVI Systems
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5 February 2004, 08:00am ET
GLENN DALE, Md.--(BUSINESS WIRE)--Feb. 5, 2004--TVI Corporation (OTCBB:TVIN) announces today its receipt of a $4.1 million dollar order from the great state of West Virginia. This order placed through EAI Corporation, an exclusive TVI Distributor and US Government Prime Vendor, adds on to the West Virginia orders from last year. This new procurement outfits the state with additional decontamination capability, increased hospital surge capacity and new, state-of-the-art, equipment designed to protect its citizens from chemical and biological terrorism.
By allocating a large amount of its 2004 Home Land Defense Equipment budget to TVI, West Virginia has helped to ensure that its first responders are equipped with leading edge technology and products with proven performance.
Upon delivery, West Virginia will field TVI's Three Line Decontamination Systems and Professional Individual Decontamination Systems built using the new IntelliJet(TM) Nozzles, engineered to optimize decontamination efficiency. Additionally, it will deploy TVI's new Field Hospital Shelters throughout the state and, by doing so, will provide surge capacity to increase its hospital bed count, cost effectively enabling the state to meet the needs of its citizens in the event of a disaster, either natural or manmade.
Equally as important, West Virginia placed an order for TVI's new AEGIS(TM) Chem Bio Isolation Systems. These systems, which will be deployed at the state's Critical Care Hospitals, are comprised of TVI's rapidly deployable chamber technology coupled with US Army tested filtration equipment. This equipment helps the state's healthcare workers to isolate and contain threats such as Small Pox, SARS, Sarin or VX or any other chemical or biological airborne contaminant.
Mentioned Last Change
TVIN 4.47 (Unchanged)
TVI CEO Rick Priddy states "We are pleased the Great Mountain State of West Virginia has reaffirmed its commitment to our company. This order from West Virginia validates not only TVI's ability to perform in the field, but also our expertise at meeting the customer's needs through product and system development. TVI worked closely with EAI Corporation and the Director of Technical Hazards/Program Mgr. Regional Response Teams, Neal Sharp and, in conjunction with his team's input, developed products, systems, and programs that specifically met their needs." Mr. Sharp adds "TVI has provided us with state of the art technology customized to meet our states unique requirements."
"It is our philosophy to continuously re-invest in technology, systems and programs from a customer centric viewpoint to ensure that TVI provides the best systems available. This philosophy will ensure TVI's continued growth and help it maintain its reputation as one of the leading suppliers of First Responder Equipment," TVI CEO, Rick Priddy states.
About TVI Corporation:
TVI Corporation, located in Glenn Dale, Maryland, is a leading supplier of rapid deployment shelters and signage, chemical/biological decontamination systems for the military, public health, and first response agencies. TVI is a primary source to the military for thermal targets and thermal decoys. TVI's stock trades on the OTC Bulletin Board under the symbol "TVIN."
Information contained in this press release constitutes forward-looking statements within the meaning of the securities laws 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", "will" 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 orders for our products; general economic and business conditions; 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.
For more information concerning TVI, please visit us at: www.tvicorp.com .
CONTACT: TVI Corporation, Glenn Dale
Richard Priddy, 301-352-8800 |
