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Unisync Corp.

TSX Exchange | Jan 28, 2020, 4:48 AM EST | Real-time price

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Update on Government Contract Awards and Opportunities

TORONTO, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Unisync Corp. (TSX: "UNI") (“Unisync") is pleased to announce that Public Works and Government Services Canada (“PWGSC”) has recently awarded two additional contracts totaling approximately $3.5 million to its subsidiary, Peerless Garments LP (“Peerless”). The contracts involve the production of advanced search and rescue uniforms and static dissipative rain suits for the Royal Canadian Navy. The firm portion of these contracts amounts to $2.0 million with the option portion exercisable over the next three years.

PWGSC has also issued a formal request for proposals for a managed program involving the transfer and ongoing management of all of the existing operational clothing, footwear and related accessories for the Canadian Department of National Defense (“DND”) estimated at $1.2 billion over the potential twenty year term of the contract (the “OCFC2” contract). Each OCFC2 item will require a certain percentage of Canadian Content following the Rules of Origin for Apparel, Modified Rules of Origin for Textiles and NAFTA rules.

Peerless has been the leading prime contractor for the manufacture and provision of operational clothing and accessories to the DND for over 40 years. The proven Canadian production capabilities and technical product knowledge of Peerless in combination with the state-of-the-art inventory planning and reporting systems, as well as web-based member ordering and delivery systems of Unisync Group Limited (“UGL”), establishes Unisync as a prime contender for this major business opportunity. The deadline for bid responses is February 28, 2020 with final award expected by the fall of 2020.  

ABOUT UNISYNC

Unisync is a broad-based vertically integrated North American enterprise with exceptional capabilities in garment design, domestic manufacturing, and off-shore outsourcing, including state-of-the-art web based B2B ordering, distribution, and program management systems. Unisync operates through two business units: UGL and Peerless.

UGL provides full-service, managed apparel programs for major corporations and government-related entities through operations across Canada and this year has expanded into the US marketplace through the establishment of a 45,000 sq. ft. distribution and service facility in Henderson, Nevada, and a sales and service facility in Lakewood, New Jersey. The Nevada facility is now staffed and starting to receive and kit new uniforms for the launch of its first major US based airline account which is scheduled to officially rollout its new designs in the first half of fiscal 2020. UGL’s customer base includes a broad list of North American iconic brands as well as municipal and provincial agencies across Canada.
             
Winnipeg based Peerless specializes in the manufacturing and distribution of highly technical protective garments, military operational clothing, and accessories for a broad spectrum of Federal, Provincial and Municipal government agencies in Canada.

For more information on our capabilities, products and services please visit the Unisync website at www.unisyncgroup.com .

On Behalf of the Board of Directors

Douglas F Good, Executive Chairman                                 

Investor relations contact: 
Douglas F Good                                              778-370-1725 or Email dgood@unisyncgroup.com
Forward Looking Statements
This news release may contain forward-looking statements that involve known and unknown risk and uncertainties that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Any forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement.  Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

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