MISSION READY AWARDED SPECIAL OPERATIONAL EQUIPMENT BRIDGE CONTRACT

VANCOUVER, British Columbia, March 11, 2020 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV:MRS) is pleased to announce that, on March 5, 2020, the Company – through its wholly-owned subsidiary, Unifire, Inc. (“Unifire”) – was awarded a firm-fixed-price, indefinite delivery/indefinite quantity (“IDIQ”) contract (SPE8EJ-20-D-0014) (the “Contract”) by the United States Defense Logistics Agency (“DLA”) under solicitation SPM8EJ-13-R-0001. A total of six companies (Unifire and five others) were awarded contracts in connection with the extension of DLA’s Special Operational Equipment (“SOE”) Tailored Logistics Support (“TLS”) contract (the “NEW SOE Bridge”). The New SOE Bridge will continue coverage of the full line of SOE and incidental services under the DLA Troop Support SOE TLS program from March 7, 2020 through March 6, 2021.

A firm-fixed-price contract provides for a price that is not subject to any adjustment on the basis of the contractor’s cost experience in performing the contract. In U.S. Federal government contracting, an IDIQ is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time. IDIQs are also sometimes called "Task Orders" or "Delivery Order Contracts." IDIQ contracts are a subtype of Indefinite Delivery Contract (IDC), which is a "vehicle that has been awarded to one or more vendors to facilitate the delivery of supply and service orders.

Additional information on the New SOE Bridge can be viewed at the following link:
https://www.defense.gov/Newsroom/Contracts/Contract/Article/2104849/

“This bridge will ensure seamless support for our war-fighters and we are focused and committed to our execution at the highest level,” said John Stone, President of Unifire. “We plotted an ambitious roadmap for growth that began in 2019 – This contract will be instrumental in the Company’s efforts to obtain increasingly favorable capital facilities to secure further contract awards, fuel our growth trajectory and challenge our own sales objectives for the coming quarters.”

SOE Pre-Award Protest Update
On February 13, 2020, Unifire filed a pre-award protest with the U.S. Court of Federal Claims (“COFC”) challenging the decision of the U.S. Defense Logistics Agency to exclude Unifire’s proposal from the competition under SPE8EJ-18-R-0001 (Special Operational Equipment Tailored Logistics Support program). Unifire had earlier filed its protest with the U.S. Government Accountability Office (“GAO”), but this protest was dismissed without prejudice for procedural reasons that did not address the merits of Unifire’s position after another protester under this procurement elected to move its protest from the GAO to the COFC.  Unifire believes that it has a meritorious claim that DLA’s decision to exclude Unifire’s proposal was made in a manner inconsistent with prescribed U.S. federal government regulations.  Unifire intends to prosecute the bid protest vigorously.  The outcome of this proceeding cannot be predicted with certainty, and there can be no assurance that this protest will be resolved in a manner favorable to Unifire.