AirBoss Announces Board Changes

NEWMARKET, Ontario, Sept. 13, 2024 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) (the “Company” or “AirBoss”) today announced the retirement of Mary Matthews, CPA, CA, ICD.D, from its Board of Directors, for personal reasons, and the appointment of Jo-Anne O’Connor, the President and Chief Executive Officer of Strategem Capital, to its Board of Directors. Both changes are effective as of September 13, 2024.

“Mary Matthews has been a valued member of the Board of Directors of AirBoss since May 2006, providing invaluable insight and guidance to the Company through her work on the board and various committees,” said Chairman and Co-CEO Gren Schoch. “We are grateful for her contributions and wish her the best in future endeavors. At the same time, we are excited to welcome Jo-Anne O’Connor to the Board. With her extensive experience in financial capital markets, corporate sectors, and leadership as President and CEO of Strategem Capital, we believe Ms. O’Connor will bring a unique and valuable perspective to the Company as we move forward with our previously announced strategic transition and explore new avenues for growth and maximizing shareholder value."

Jo-Anne O’Connor is the President and Chief Executive Officer of Strategem Capital, a publicly-listed company with an objective for continued growth through investments in resource exploration and development, mining, energy production and agricultural protein products. She brings over 35 years of experience in financial capital markets and corporate sectors, having started her career at one of Canada’s largest banks. During her time there, Ms. O’Connor traded large-cap energy, natural resources and mining stocks for the bank’s portfolio. More recently, she has provided investment and strategic advice to family offices. She is also a former director at Canaccord Genuity Group and a member of the Prospectors and Developers Association and the Institute of Corporate Directors.

About AirBoss

AirBoss of America is a diversified developer, manufacturer and provider of survivability solutions, advanced custom rubber compounds and finished rubber products that are designed to outperform in the most challenging environments. Founded in 1989, the company operates through two divisions. AirBoss Rubber Solutions is a North American custom rubber compounder with 500 million turn pounds of annual capacity. AirBoss Manufactured Products is a supplier of anti-vibration and rubber-molded solutions to the North American automotive market and other sectors, and also a global supplier of personal and respiratory protective equipment and technology for the defense, healthcare, medical and first responder communities, through its AirBoss Defense operations. The Company’s shares trade on the TSX under the symbol BOS and on the OTCQX under the symbol ABSSF. Visit www.airboss.com for more information.