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AirBoss Announces New Order Valued at up to US$8.1M for Canadian Department of National Defense

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AirBoss (TSX: BOS | OTCQX: ABSSF) announced an order from the Canadian Department of National Defense for its Low Burden Masks (LBM), filters and accessories under the JGSR contract. The order is valued at up to US$8.1 million, with deliveries starting in Q1 2026 and concluding in Q1 2027. The LBM, introduced to partners since 2017, is a lightweight military respirator designed for improved weight distribution and low breathing resistance. The JGSR contract, first awarded in 2018, replaced legacy C4/C7A equipment and has supported multiple fulfilments to the Canadian DND and other military customers.

AirBoss (TSX: BOS | OTCQX: ABSSF) ha annunciato un ordine dal Dipartimento della Difesa Nazionale canadese per le sue Maschere a Basso Carico (LBM), filtri e accessori nell'ambito del contratto JGSR. L'ordine ha un valore fino a US$8,1 milioni, con consegne a partire dal PRIMO TRIMESTRE 2026 e che si concluderanno nel PRIMO TRIMESTRE 2027. Le LBM, introdotte ai partner dal 2017, sono una respirazione militare leggera progettata per una migliore distribuzione del peso e una bassa resistenza al respiro. Il contratto JGSR, assegnato per la prima volta nel 2018, ha sostituito l'attrezzatura legacy C4/C7A e ha supportato numerose forniture al DND canadese e ad altri clienti militari.

AirBoss (TSX: BOS | OTCQX: ABSSF) anunció un pedido del Department of National Defense de Canadá para sus Mascaras de Baja Carga (LBM), filtros y accesorios bajo el contrato JGSR. El pedido tiene un valor de hasta US$8,1 millones, con entregas que comienzan en el primer trimestre de 2026 y concluyen en el primer trimestre de 2027. Las LBM, presentadas a los socios desde 2017, son un respirador militar ligero diseñado para una mejor distribución del peso y menor resistencia a la respiración. El contrato JGSR, otorgado por primera vez en 2018, reemplazó el equipo legado C4/C7A y ha respaldado múltiples entregas a la DND canadiense y a otros clientes militares.

AirBoss (TSX: BOS | OTCQX: ABSSF) 은 캐나다 국방부로부터 저부하 마스크(LBM), 필터 및 액세서리를 JGSR 계약 하에 주문 받았다고 발표했습니다. 이 주문의 가치는 미화 810만 달러까지이며, 배송은 2026년 1분기에 시작하여 2027년 1분기에 마무리됩니다. 2017년부터 파트너에게 소개된 LBM은 무게 분포를 개선하고 낮은 흡입 저항을 가진 경량형 군용 호흡기입니다. JGSR 계약은 2018년 최초로 수여되었으며, 기존 C4/C7A 장비를 대체했고 캐나다 DND 및 기타 군사 고객에게 여러 주문을 지원해 왔습니다.

AirBoss (TSX: BOS | OTCQX: ABSSF) a annoncé une commande du ministère canadien de la Défense nationale pour ses Masques à faible encombrement (LBM), filtres et accessoires dans le cadre du contrat JGSR. La commande est évaluée à jusqu’à 8,1 millions de dollars US, avec des livraisons à partir du premier trimestre 2026 et se terminant au premier trimestre 2027. Les LBM, présentées aux partenaires depuis 2017, sont un respirateur militaire léger conçu pour une meilleure distribution du poids et une faible résistance à la respiration. Le contrat JGSR, attribué pour la première fois en 2018, a remplacé l’équipement héritier C4/C7A et a soutenu plusieurs livraisons au DND canadien et à d'autres clients militaires.

AirBoss (TSX: BOS | OTCQX: ABSSF) gab eine Bestellung des kanadischen Verteidigungsministeriums für seine Low Burden Masks (LBM), Filter und Zubehör im Rahmen des JGSR-Vertrags bekannt. Die Bestellung hat einen Wert von bis zu US$8,1 Mio., mit Lieferungen ab dem Q1 2026 und bis Q1 2027. Die LBM, Partnern seit 2017 vorgestellt, ist eine leichte Militär-Atemschutzmaske, konzipiert für eine bessere Gewichtsverteilung und geringe Atemwiderstand. Der JGSR-Vertrag, der erstmals 2018 vergeben wurde, ersetzte alte C4/C7A-Ausrüstung und hat mehrere Lieferungen an das kanadische DND und andere militärische Kunden unterstützt.

AirBoss (TSX: BOS | OTCQX: ABSSF) أعلن عن طلب من وزارة الدفاع الوطني الكندية لاقنعة الأحمال المنخفضة (LBM)، فلاتر وملحقات بموجب عقد JGSR. يبلغ قيمة الطلب حتى 8.1 مليون دولار أمريكي، مع بدء عمليات التسليم في الربع الأول من 2026 وانتهاؤها في الربع الأول من 2027. تم تقديم LBM للشركاء منذ 2017، وهي جهاز تنفسي عسكري خفيف مصمم لتحسين توزيع الوزن وتقليل المقاومة التنفسية. عقد JGSR، الذي تم منحه لأول مرة في 2018، استبدل معدات C4/C7A القديمة ودعم عدة تسليمات إلى DND الكندية وعملاء عسكريين آخرين.

Positive
  • Order value up to US$8.1M
  • Deliveries scheduled Q1 2026–Q1 2027
  • Existing JGSR contract in place since 2018
  • LBM in service with partner nations since 2017
Negative
  • Order is stated as "up to" US$8.1M, not guaranteed full value
  • Revenue from this order is concentrated over 12 months (Q1 2026–Q1 2027)

NEWMARKET, Ontario, Nov. 10, 2025 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) (the “Company” or “AirBoss”) today announced that AirBoss Defense Group ("ADG"), AirBoss Manufactured Products’ (“AMP”) defense business, has received an order from the Canadian Department of National Defense (“Canadian DND”) for ADG’s Low Burden Masks (“LBM”), filters and related accessories under the In-Service Support Contract awarded to ADG in 2018 (the “JGSR Contract”). The value of this order is expected to be worth up to US$8.1 million. Deliveries are expected to commence in the first quarter of 2026 and conclude in the first quarter of 2027.

The LBM is a lightweight military respirator designed to provide optimal weight distribution and minimal breathing resistance and has been sold to multiple partner nations since 2017. The JGSR Contract with the Canadian DND, entered into in 2018, marked the first major adoption of the LBM and served to replace the legacy C4 gas mask and C7A cannisters previously in service with the Canadian Forces. Since entering into this contract, ADG has fulfilled multiple LBM mask orders for the Canadian DND and other military customers globally.

“This order, which represents the continued adoption and use of the LBM by the Canadian DND, reinforces the positive momentum experienced by our defense business over the past year and a half,” said Chris Bitsakakis, President and co-CEO of AirBoss. “The LBM was developed to be the world’s most advanced gas mask and has seen strong adoption since its introduction, reflecting our ongoing commitment to delivering protective and survivability solutions that help ensure the safety of our warfighters operating in challenging environments and conditions.”

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.

AIRBOSS FORWARD LOOKING INFORMATION DISCLAIMER

Certain statements contained or incorporated by reference herein, including those that express management’s expectations or estimates of future developments or AirBoss’ future performance, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and can generally be identified by words such as “will”, “may”, “could” “expects”, “believes”, “anticipates”, “forecasts”, “plans”, “intends”, “should” or similar expressions. These statements are not historical facts but instead represent management’s expectations, estimates and projections regarding future events and performance.

Statements containing forward-looking information are necessarily based upon a number of opinions, estimates and assumptions that, while considered reasonable by management at the time the statements are made, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies. AirBoss cautions that such forward-looking information involves known and unknown contingencies, uncertainties and other risks that may cause AirBoss’ actual financial results, performance or achievements to be materially different from its estimated future results, performance or achievements expressed or implied by the forward-looking information. Numerous factors could cause actual results to differ materially from those in the forward-looking information, including without limitation: impact of general economic conditions, notably including its impact on demand for rubber solutions and products; dependence on key customers; global defense budgets, notably in the Company’s target markets, and success of the Company in obtaining new or extended defense contracts; contract-related risks; cyclical trends in the tire and automotive, construction, mining and retail industries; sufficient availability of raw materials at economical costs; weather conditions affecting raw materials, production and sales; global political uncertainty and policy change; AirBoss’ ability to maintain existing customers or develop new customers in light of increased competition; AirBoss’ ability to successfully integrate acquisitions of other businesses and/or companies or to realize on the anticipated benefits thereof; AirBoss’ ability to successfully develop and execute effective business strategies including, without limitation, the recently announced strategic transition; changes in accounting policies and methods, including uncertainties associated with critical accounting assumptions and estimates; changes in the value of the Canadian dollar relative to the US dollar; changes in tax laws; changes in trade policies or the imposition of new tariffs, duties or other similar restrictions which could influence the cost and flow of goods and services across borders; current and future litigation; ability to obtain financing on acceptable terms and ability to satisfy the covenants set forth in such financing arrangements; environmental damage and non-compliance with environmental laws and regulations; impact of global health situations; IT/cybersecurity risks; potential product liability and warranty claims and equipment malfunction. There is increased uncertainty associated with future operating assumptions and expectations as compared to prior periods. This list is not exhaustive of the factors that may affect any of AirBoss’ forward-looking information.

All of the forward-looking information in this press release is expressly qualified by these cautionary statements. Investors are cautioned not to put undue reliance on forward-looking information. All subsequent written and oral forward-looking information attributable to AirBoss or persons acting on its behalf are expressly qualified in their entirety by this notice. Forward-looking information contained herein is made as of the date of this press release and, whether as a result of new information, future events or otherwise, AirBoss disclaims any intent or obligation to update publicly the forward-looking information except as required by applicable laws. Risks and uncertainties about AirBoss’ business are more fully discussed under the heading “Risk Factors” in our most recent Annual Information Form and are otherwise disclosed in our filings with securities regulatory authorities which are available on SEDAR+ at www.sedarplus.com.



Investor Contact: investor.relations@airboss.com

Media Contact: media@airboss.com

FAQ

How much is the AirBoss (ABSSF) order from the Canadian Department of National Defense worth?

The order is valued at up to US$8.1 million.

When will AirBoss (ABSSF) deliver the Low Burden Masks ordered by the Canadian DND?

Deliveries are expected to begin in Q1 2026 and finish in Q1 2027.

Under which contract was the AirBoss (ABSSF) order placed by the Canadian DND?

The order is placed under the JGSR contract that AirBoss won in 2018.

What is the Low Burden Mask (LBM) that AirBoss (ABSSF) is supplying?

The LBM is a lightweight military respirator designed for optimal weight distribution and minimal breathing resistance.

Has the AirBoss LBM been previously adopted by military customers?

Yes, the LBM has been sold to multiple partner nations since 2017 and fulfilled under the JGSR contract since 2018.
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