AirBoss Announces Participation in Upcoming Investor Conferences and Provides Outlook on Upcoming Results - Seite 2

“During the fourth quarter, we also saw a rebound in demand for our rubber products in other areas of the economy, with levels approaching 2019 in many areas, similar to the V-shaped recovery experienced by the broader rubber industry in 2020,” added Chris Bitsakakis, President and COO of AirBoss.

“The outlook for the industry in 2021 is obviously dependent on continued normalization of the economy and the impact of COVID-19 on defense, automotive, industrial and other end market budgets,” concluded Mr. Bitsakakis. “However, the outlook remains healthy over the medium term, with industry estimates for approximately 4% top line growth over the next five years². We have outperformed the industry over the past number of years and, excluding the impact of our COVID-19-related contracts in 2020, our aim remains to continue expanding our market share while increasing our margins through a combination of product mix and operational efficiencies. We are also entering 2021 in the strongest financial position in our history, with a healthy cash balance and undrawn credit facilities providing us significant dry powder to complement our organic growth strategy with potential tuck in acquisitions.”

AirBoss expects to announce its full year 2020 audited financials in early March and will provide timing and conference call and webcast details ahead of that date.

Corporate Presentation

An updated investor presentation is available on AirBoss’ website at: https://airbossofamerica.com/investor-media-center

AirBoss of America Corp.

AirBoss of America Corp. is a group of complementary businesses supplying custom compounded rubber, survivability solutions and anti-vibration components to a diverse group of customers globally. AirBoss Rubber Solutions is a top-tier North American custom rubber compounder with 500 million turn pounds of annual capacity. AirBoss Defense Group manufactures and supplies a growing array of Chemical, Biological, Radioactive, Nuclear and Explosive ("CBRN-E") protective solutions and is a leading provider of personal protective equipment to governments, militaries and frontline healthcare workers both in the U.S. and internationally. AirBoss Engineered Products is a supplier of innovative anti-vibration solutions to the North American automotive market. The Company’s shares trade on the TSX under the symbol BOS. Visit www.airbossofamerica.com for more information.