TVIN .39 + .02 continues to recover, has earnings out soon and PR today. Turnaround management continues to get larger military and defense awards and they've stressed that they are committed to higher margins.
TVI Corporation Receives $1.75 Million National Guard Contract
Powered Air-Purifying Respirators (PAPRs) Will Protect the National Guard Rapid Reaction Force (RRF) During Homeland Defense/Homeland Security Missions
Apr 24, 2008 8:30:00 AM
Copyright Business Wire 2008
View Additional ProfilesGLENN DALE, Md.--(BUSINESS WIRE)--
TVI Corporation (NASDAQ: TVIN), an international supplier of military and civilian emergency first responder and first receiver products, personal protection products, quick-erect shelter systems and event shelter and equipment rentals, today announced that the National Guard has awarded a $1.75 million order for C420 Powered Air-Purifying Respirators (PAPRs) to the Company's subsidiary, SafetyTech International. These PAPRs include SafetyTech's NIOSH approved hydration system, which enables Guardsmen to drink water without compromising their respiratory protection.
The PAPRs will be used by the National Guard Rapid Reaction Force (RRF) to perform Homeland Defense/Homeland Security missions, including support of the Chemical, Biological, Radiological, and Nuclear Enhanced Response Force Package (CERFP) teams, which also use the C420 PAPRs as standard equipment for respiratory protection.
"These PAPRs are a critical asset to our National Guard as they protect and serve our country, both at home and abroad," said Lt. General Harley A. Hughes, USAF (Ret.), President and CEO of TVI. "We are gratified that our Company can play a role in supporting the work of the men and women of the Guard. We would also like to commend U.S. Senator Barbara Mikulski (D-MD), U.S. Representative Steny Hoyer, (D-MD) and U.S. Representative Roscoe Bartlett (R-MD) for the critical support they provided in connection with this PAPR initiative."
"The National Guard contract award represents an ideal win for TVI," Hughes added. "We are gratified that the Guard continues to place its confidence in us. Our strategy is to continue to target stable, long-term customer relationships like the one we are building with the National Guard. We see this order as further validation that our turnaround plan remains on track."
About TVI Corporation
TVI Corporation, headquartered in Glenn Dale, Maryland, is an international supplier of military and civilian emergency first responder and first receiver products, personal protection products and quick-erect shelter systems. These products include powered air-purifying respirators, respiratory filters and quick-erect shelter systems used for decontamination, hospital surge systems and command and control. The users of these products include military and homeland defense/homeland security customers. Through its Signature Special Event Services business, TVI is a leading full-service shelter and equipment rental company serving the government and defense, corporate, sporting and hospitality industries.
The TVI designation is a trademark of TVI Corporation. All other company and product names mentioned above are trade names and/or trademarks of their respective owners. For more information concerning TVI, please visit the Company at: www.tvicorp.com. This reference to the TVI website is an active textual reference and the contents of the site are not part of this press release.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Certain 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," "anticipates," "believes," "expects," "might result," "estimates" and others. These forward-looking statements are based on information available to TVI as of the date hereof and involve risks and uncertainties and are not guarantees of future performance, as actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences, including, but not limited to, those set forth in the Company's Annual Report to Stockholders, periodic reports, registration statements and other filings made with the Securities and Exchange Commission. 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.
Source: TVI Corporation
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TVI Corporation
Harley A. Hughes
301-352-8800
President and Chief Executive Officer
or
Sharon Merrill Associates
Jim Buckley
617-542-5300
Executive Vice President |
