Mr. Chris Bitsakakis reports

AIRBOSS AWARDED TWO NEW CONTRACTS VALUED AT UP TO $22.3 MILLION

Airboss of America Corp.'s wholly owned subsidiary, Airboss Defense Group (ADG), has received an order from the Defense Logistics Agency (DLA) for the ADG Airboss Molded Glove (AMG), and a partner nation has reselected ADG to supply its Bandolier multipurpose line charge system for use by its military. The combined value of these contract awards is expected to be worth up to $22.3-million (U.S.).

Glove contract provides superior protection to American war fighters

The AMG contract, which was awarded as a part of DLA's JB2GU CBRN glove program, is expected to be worth up to an aggregate amount of $18.5-million (U.S.) over a term of three years. ADG currently holds the single source contract for this requirement and is pleased to have again been selected as the supplier of choice for this critical personal protective equipment. The AMG was designed to provide superior protection against CBRN threats and a wide range of toxic industrial chemicals. The glove was developed to provide optimal fit, comfort and functionality while fully integrating with current field equipment.

Order extension based on the Bandolier's unique design and capabilities

ADG's Bandolier order is an expansion of the customer's continuing program of record for the Bandolier and is expected to worth $3.8-million (U.S.) over a period of 12 months. The Bandolier is a lightweight and modular energetic system that can be employed across mobility, counter mobility and survivability mission profiles. The Bandolier is designed to bridge the identified capability gap between large, complex, single-role explosive charges and standard bulk demolitions, and its unique, lightweight, modular design allows for flexible use across a variety of mission requirements.

"With these latest two contracts, ADG continues to provide customers with unique protective and survivability solutions," said Chris Bitsakakis, president and chief operating officer of Airboss. "We look forward to providing DLA with this critical glove system now and in the future to ensure the safety of war fighters in austere environments and challenging conditions. We are also excited to have extended ADG's supplier relationship for the Bandolier line charge system. The Bandolier is an important part of ADG's portfolio of survivability solutions and demonstrates the ADG team's ability to innovate to meet the unique needs of its customers."

About Airboss of America Corp.

Airboss of America is a leading and diversified developer, manufacturer and provider of innovative survivability solutions, advanced custom rubber compounds and finished rubber products that are designed to outperform in the most challenging environments. Founded in 1989, the company operates through three divisions. Airboss Defense Group is a global leader in personal and respiratory protective equipment and technology for the defence, health care, medical and first responder communities. Airboss Rubber Solutions is a top-tier North American custom rubber compounder with 500 million turn pounds of annual capacity. Airboss Engineered Products is a supplier of innovative anti-vibration solutions to the North American automotive market and other sectors. The company's shares trade on the Toronto Stock Exchange under the symbol BOS and on the OTCQX under the symbol ABSSF.

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