Unisync Moving Agressively to Capture PPE Revenue Opportunities
April 30 2020 - 8:30AM
Unisync Corp. (TSX: "UNI") (“Unisync") The
Covid-19 pandemic has resulted in life-changing challenges for
frontline workers in a wide range of industries, including but not
limited to our valued customers in the transportation, service and
hospitality industries. Customers are also often being required to
wear protective face coverings before entering certain retail and
service facilities and the transportation industry is increasingly
deciding to provide basic personal protection equipment (“PPE”) to
both their frontline workers and their passengers. These changes
that are likely with us for the foreseeable future have created a
multi-billion-dollar market opportunity solely in protective masks.
As an example, under normal conditions North American airlines can
be expected to annually carry over a billion passengers
domestically, all of whom may be required to wear protective masks
in the foreseeable future.
Unisync is a recognized leader in full-service,
managed apparel programs for major corporations and
government-related entities through operations across Canada and,
more recently, in the US marketplace. As such, we are well
positioned to capitalize on these very substantial PPE
opportunities to offset, and potentially significantly exceed, the
reduced revenues expected as our long-term customers in the
transportation, hospitality and service industries ramp back up to
more normal levels of activity in the future.
In recent weeks, Unisync has received major
orders for both re-usable and disposable masks for essential and
frontline workers of a broad base of existing and prospective
customers in the airline, transit, public safety, hospitality and
retail sectors, as well as other Canadian and United States
corporations and government agencies. Although most orders relate
to non-medical masks, we are responding to a number of requests for
proposals related to all aspects of PPE, including non-medical
Class 1 protective gowns, N95 and KN95 disposable respirators,
gloves and sanitized wipes. Interested corporations and government
agencies are asked to direct inquiries to custserv@unisyncgroup.com
or call Phone 1-833-864-7962 (1-833-UNI-SYNC).
Unisync has worked hard to position itself as a
leader and innovator with a focus on safety, service and
transparency for our customers. We were the first to recently
achieve and deliver a custom-designed uniform collection certified
to STANDARD 100 by OEKO-TEX® to the airline industry ensuring that
all the garments in the collection meet or exceed global safety
standards with regard to harmful substances. We are expanding this
certification to personal protective masks.
STANDARD 100 by OEKO-TEX® Information
STANDARD 100 by OEKO-TEX® Certification
We believe in the future of Unisync and are
working diligently to emerge from these difficult times stronger
and better equipped to continue to earn the support of our valued
customers and shareholders.
For more information on our capabilities,
products and services please visit the Unisync website at
www.unisyncgroup.com .
On Behalf of the Board of Directors
Matthew Graham,
CEO
Investor relations
contact: Douglas F
Good
778-370-1725 or Email dgood@unisyncgroup.com Forward
Looking StatementsThis news release may contain
forward-looking statements that involve known and unknown risk and
uncertainties that may cause the Company’s actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied in
these forward-looking statements. Any forward-looking statements
contained herein are made as of the date of this news release and
are expressly qualified in their entirety by this cautionary
statement. Except as required by law, the Company undertakes
no obligation to publicly update or revise any such forward-looking
statements to reflect any change in its expectations or in events,
conditions or circumstances on which any such forward-looking
statements may be based, or that may affect the likelihood that
actual results will differ from those set forth in the
forward-looking statements.
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