Mr. Chris Bitsakakis reports

AIRBOSS AWARDED NEW CONTRACT VALUED AT UP TO US$82.3 MILLION

Airboss of America Corp.'s Airboss Defense Group has received a contract through the United States government for the ADG moulded Airboss lightweight overboot (MALO). This award is a three-year IDIQ contract valued at up to $82.3-million (U.S.). Deliveries under the contract are expected to commence in the second quarter of 2025.

Airboss, through its defence business, has supplied overboots to the United States for over 20 years. The company held the current contract for this requirement and is pleased to have again been selected as the supplier of choice for this critical personal protective equipment. The MALO was designed to provide superior protection against chemical and biological threats while providing optimal fit and comfort. Airboss overboots have been purchased by over 60 countries, with 6.1 million pairs sold to date.

"This new contract builds upon the recently announced awards in our defence business, highlighting continued positive momentum in top-line growth for our defense products," said Chris Bitsakakis, president and co-chief executive officer of Airboss. "The defence business remains committed to delivering protective and survivability solutions to our customers. We look forward to continuing to provide these products to ensure the safety of warfighters operating in challenging environments and conditions."

About Airboss of America Corp.

Airboss of America is a diversified developer, manufacturer and provider of 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 two divisions. Airboss Rubber Solutions is a North American custom rubber compounder with 500 million turn pounds of annual capacity. Airboss Manufactured Products is a supplier of anti-vibration and rubber-moulded solutions to the North American automotive market and other sectors, and also a global supplier of personal and respiratory protective equipment and technology for the defence, health care, medical and first responder communities, through its Airboss Defense operations. 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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