Point Blank Solutions Awarded Prestigious Improved Outer Tactical Vest (‘IOTV’) Contract From the U.S. Army
POMPANO BEACH, Fla., Aug. 13 /PRNewswire-FirstCall/ — Point Blank Solutions, Inc. (“PBSI”, Pink Sheets: PBSO), a leader in the field of protective body armor, announced today that its wholly owned subsidiary, Point Blank Body Armor, Inc. has been selected as a chosen supplier to produce the Improved Outer Tactical Vest for the US Army (“IOTV Main Buy” – Solicitation W91CRB-07-0079).
This five-year Indefinite Delivery/Indefinite Quantity contract from the US Army REDCOM Acquisition Center, calls for the production of up to 736,000 Improved Outer Tactical Vests and 253,000 Deltoid and Axillary Protection Systems (“DAPS”).
Jim Henderson, Acting CEO of Point Blank Solutions stated, “This is a major milestone for our Company as we believe we are one of only a few companies that can produce the IOTV and DAPS for the US Army over the next five years. We have been a chosen provider of the US Armed Forces for years and look forward to continuing to meet their requirements. While no additional awards have been made and competition continues to be fierce, we are confident that the steps we have and continue to take to improve our operations and manufacturing capabilities will position us as the best value, low cost provider in the industry.”
“The recognition and faith bestowed by the Army also reinforces our industry position as a leading, ballistics provider and should add incremental value for our Company and our shareholders,” Henderson concluded.
The Improved Outer Tactical Vest is one of the latest advancements in military gear designed to better provide body armor coverage on a soldier’s body. Like most gear, the IOTV is used to help protect soldiers in combat and also is designed for emergency removal. The IOTV offers an array of design improvements over its predecessor, the Outer Tactical Vest (“OTV”), including: increased coverage, lighter weight, a quick-release system and better fit and comfort to support combat missions, among others. The new, integrated side plate carriers decrease the vest’s profile, and a lower-back protector extends the vest’s coverage by 52-square inches. The IOTV also maintains weave slots, making most of the pouches from the OTV compatible with the new IOTV system. The vest comes in 11 different sizes and weighs three to six pounds less than the OTV.
ABOUT POINT BLANK SOLUTIONS, INC.
Point Blank Solutions, Inc. is a leader in the design and production of technologically advanced body armor systems for the U.S. Military, Government and law enforcement agencies, as well as select international markets. The Company is also recognized as the largest producer of soft body armor in the U.S. With state-of-the-art manufacturing and laboratory testing facilities, strategic technology and marketing alliances, and an ongoing commitment to drive innovation, Point Blank Solutions believes that it can deliver the most advanced body armor solutions, quicker and better than anyone in the industry. The Company maintains facilities in Pompano Beach, FL and Jacksboro, TN. To learn more about Point Blank Solutions, Inc. visit our website at www.PointBlankSolutionsInc.com.
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Company Contact: Media Contact: Michelle Doery, Chief Financial Officer Glenn Wiener, Media Relations Tel: 954-630-0900 Tel: 212-786-6011 Email: gwiener@GWCco.com
SOURCE Point Blank Solutions, Inc.