Pacific Safety Products Inc. Announces Two Contract Wins Totaling $7.6 Million in Firm Orders and Options for $600,000.00
ARNPRIOR, ONTARIO--(Marketwired - Nov 24, 2014) - Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or the "Company"), announced today that it has received a contract with a large federal agency for the production of ballistic vests and related products with a firm value of C$6.78 million dollars. The contract term is for 4 years commencing in early 2015. This contract replaces a contract PSP held that expired 2 years ago. Deliveries are expected to begin in January 2015.
PSP has also received a contract with a large national police force for production of ballistic panels with a firm value C$800,000.00. Delivery is scheduled to take place in the next 60 days. This contract also has an option which allows for an additional purchase ballistic panels worth approximately $600,000.00 dollars within 2 years.
- Published: 24 November 2014
- Written by Editor