VANCOUVER, BC--(Marketwired - December 12, 2016) - Unisync Corp. (TSX VENTURE: UNI) ("Unisync") is pleased to advise that Public Works and Government Services Canada has awarded a multi-year contract to its 90% owned subsidiary, Peerless Garments LP of Winnipeg, Manitoba ("Peerless") for the manufacture and delivery of enhanced combat uniforms (the "ECU" contract). The contract has a maximum production value of $18.2 million to Peerless consisting of a firm order valued at $6.0 million for the delivery of 18,000 jackets and 38,760 trousers to the Canadian Forces and two options for similar quantities having a combined maximum value of $12.2 million, exercisable during the third and fourth years following the award date. These highly sophisticated garments are scientifically designed and adapted to serve the men and women of the Canadian Forces in combat.
This ECU contract is a follow-on to the New Enhanced Combat Uniform contract awarded to Peerless in 2012. Peerless has been a key supplier to the Canadian Forces since the early 1950s during which time it has developed strong expertise in working with highly technical fabrics and manufacturing garments to rigid specifications. Peerless' line of military operational clothing aims to reduce detection through camouflage and concealment while ensuring that soldiers are kept warm, dry and comfortable when exposed to a variety of weather conditions. Peerless' able management team is headed by our minority partner and President, Albert El Tassi -- a recipient of the Queen's Golden Jubilee Medal and a Member of both the Order of Manitoba and the Order of Canada.
Unisync also operates through one other business unit: Unisync Group Limited of Mississauga, Ontario. Unisync Group is a leading customer-focused provider of corporate apparel, serving a list of leading Canadian iconic brands such as Air Canada, TELUS, Loblaws and Purolator. In addition to the Canadian Forces, Unisync provides clothing to people who protect us at all levels every day through entities such as G4S, Securitas and Paragon Security. In 2015 Unisync Group acquired Vancouver based Omega Uniform Systems Ltd. and Ottawa area Carleton Uniforms Inc. The combined operations of Unisync represent a vertically integrated and proudly Canadian enterprise with exceptional capabilities in garment design, domestic manufacturing and off-shore outsourcing, combined with state-of-the-art web based B2B ordering, distribution and program management systems.
For more information on our capabilities, products and services please visit our website at www.unisyncgroup.com.
On Behalf of the Board of Directors
Douglas F Good
Forward Looking Statements
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