TVIN - 3.85 - may be a buying opp. Diversifying their product line.
TVI Corporation Receives Government Approval and $500,000 Order for Powered Air Respirators
Monday July 12, 7:30 am ET
GLENN DALE, Md.--(BUSINESS WIRE)--July 12, 2004--TVI Corporation (OTCBB:TVIN - News), a leading supplier of rapid deployment shelters and chemical/biological decontamination systems for the military, public health and first response agencies, today announced that it has received approval for its Tornado Powered Air Respirator Program from The National Institute for Occupational Safety and Health (NIOSH) and received an order for $500,000 from a major supplier of first responder equipment.
The Tornado Powered Air Respirator Program was produced for personal protection of first responders performing decontamination work.
"We are pleased to receive regulatory approval for Tornado, which was made possible from the resources acquired in the CAPA acquisition," stated Rick Priddy, President and CEO of TVI Corporation. "The acquisition of CAPA Manufacturing was completed in April of 2004 and highlights our commitment to generating new technology to serve the homeland defense market."
"We believe the potential for this segment of the powered air respirator market could reach as high as $25 million," stated Peter Cooper, Vice President of CAPA Group. "The product was designed with the help of first responders looking at the inadequacies of existing products. Tornado delivers 30% more air to the user than any competing product, maintains the same level of air supply as battery power diminishes, and has built in alarm systems for end of shift use."
NIOSH is the federal agency responsible for conducting research and making recommendations for the prevention of work-related injury and illness. NIOSH is part of the Centers for Disease Control and Prevention (CDC) in the Department of Health and Human Services.
The "TVI" designation is a trademark of TVI Corporation. Any other company and product names mentioned above are trade names and/or trademarks of their respective owners.
About TVI Corporation:
TVI Corporation, located in Glenn Dale, Maryland, is a leading supplier of rapid deployment shelters and chemical/biological decontamination systems for the military, public health, and first response agencies. TVI is also a primary source to the military for thermal targets and thermal decoys.
About this Press Release:
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," 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; 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. |
