Mission Ready Announces a C$2.9MM Manufacturing Contract and a C$4.4MM Distribution Contract, Provides Corporate Update

VANCOUVER, British Columbia, June 19, 2020 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) is pleased to provide the following update related to new contract awards, the status of its Q1 2020 filings, and other corporate matters.

C$2.9MM Manufacturing Contract
The Company is pleased to announce that it has received a C$2.9MM purchase order (“Purchase Order”) from a United States Small Business Administration 8(a) certified company (the “8A Partner”) to manufacture and supply specialized body armor systems for the United States Department of Defense.

The Purchase Order follows the 2019 launch of a collaborative effort between Mission Ready and the 8A Partner, to design a modular, scalable, female-specific body armor (“FBA”) system tailored to meet the requirements of female military personnel. Deliveries of the FBA products pursuant to the Purchase Order are scheduled to begin in August 2020 and conclude in January 2021.

Jeffery Schwartz, President and CEO of Mission Ready, states, “We are excited to continue expanding our partnerships with small business and 8A companies across the United States to secure additional avenues to distribute the Company’s in-house manufactured products.”

C$4.4MM Distribution Contract
The Company is pleased to announce that, through its wholly-owned government contracting division, Unifire, Inc. (“Unifire”), it has been received a C$4.4MM purchase order (the “Purchase Order”) from the United State Department of Health and Human Services for the procurement and supply of personal protective equipment (“PPE”) for the Indian Health Service. Subject to product availability, the PPE pursuant to the Contract Award is scheduled to ship directly from the manufacturer in December 2020.

Q1 2020 Filings Status Update
Mission Ready reports that, further to its news release dated May 20, 2020, the Company is continuing to work diligently to file its interim financial statements for the first quarter ended March 31, 2020 by July 16, 2020 (corrected from the reference to July 17, 2020 contained in the Company’s May 20, 2020 news release), pursuant to the coordinated relief provided by the securities regulators which consists of a 45-day extension for certain periodic filings, as announced by the Canadian Securities Administrators (“CSA”) on March 18, 2020.