Relevium Secures Two PPE Contracts Totaling $16 Million; Contracts Result in Record Revenues and Earnings for Q2 and for FYE June 30, 2022
2021年12月17日 - 12:25AM
RELEVIUM TECHNOLOGIES INC. (TSX.V: “RLV”, OTCQB: “RLLVF” and
Frankfurt: “6BX”) (the “
Company”
or “
Relevium”), is pleased to
announce today that in the month of December it secured two PPE
contracts valued at CAD$11million and CAD$5 million respectively to
supply a total a total of 180 million medical grade nitrile gloves.
The Company is also pleased to announce that on
December 15, 2021, the Company delivered 127.5 million medical
grade nitrile gloves, representing 100% of the first contract for a
total value of CAD$11M. The Company expects to deliver on the CAD$5
million contract in the month of January 2022.
Aurelio Useche, CEO of Relevium stated: “We are
extremely pleased to announce the delivery of medical examination
gloves, which represents a major leap forward for the Company in
this space.” Mr. Useche stated further, “The supply chain for
critical medical products has been gaining stability since it was
disrupted by the Covid-19 pandemic. This has allowed us to develop
strategic sourcing partnerships for what we believe will be a
stable and growing market for many years to come.”
Mark Billings, CFO of Relevium stated: “The
delivery of $11 million of revenue for the first of the two
contracts represents an all-time record in terms of revenues for
the Company, which is expected to generate an average of 12% gross
margin for both contracts.” Mr. Billings added: “On a yearly basis
the delivery of this contract represents an approximately 265%
increase in revenues as compared to the revenue for fiscal years
ended June 30, 2018 ($4.152 million) and June 30, 2019 ($4.053
million).”
About Relevium Technologies
Relevium Technologies Inc., is
a publicly traded company, focused on international procurement,
logistics, and delivery of PPE into the North American marketplace.
Utilizing trusted vendors and suppliers, and integrating a
comprehensive, state-of-the-art supply chain, artificial
intelligence, and blockchain technology, enables a highly secure
and compliant platform for delivery of PPE equipment to
governments, hospitals, foundations, and various institutions.
Neither the TSX
Venture Exchange
nor its Regulation
Services Provider (as
that term is
defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Cautionary Note Regarding
Forward-Looking StatementsThis release includes certain
statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities
laws. All statements in this news release, other than statements of
historical facts, including statements regarding future estimates,
plans, objectives, assumptions or expectations of future
performance, including the timing and completion of the proposed
acquisition and the terms thereof, are forward-looking statements
and contain forward-looking information. Generally, forward-
looking statements and information can be identified by the use of
forward-looking terminology such as "intends" or "anticipates", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "should", "would" or
"occur". Forward looking statements in this press release include
those relating to the margin associated with the contracts, the
ability of the Company to complete the delivery of PPE in January
2022 as contemplated herein and that the sourcing partnerships that
have been formed will be a stable and growing market.
Forward-looking statements are based on certain
material assumptions and analysis made by the Company and the
opinions and estimates of management as of the date of this press
release, including the ability of the Company to successfully
execute its business plans, the Company's ability to maintain its
expense, the Company's continued response and ability to navigate
the COVID-19 pandemic being consistent with or better than its
ability and response to date. A description of additional risk
factors that may cause actual results to differ materially from
forward-looking information can be found in the Company’s
disclosure documents on the SEDAR website at www.sedar.com.
These forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking statements or
forward-looking information.
Although management of the Company has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements and forward-looking information. Readers are cautioned
that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any
forward-looking statement, forward-looking information or financial
outlook that are incorporated by reference herein, except in
accordance with applicable securities laws. We seek safe
harbour.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES
INC.
Aurelio UsechePresident and CEO
For more information about this press release: Tel:
+1.888.528.8687
RELEVIUM TECHNOLOGIES INCEmail:
investors@releviumcorp.com Website: www.releviumtechnologies.com
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Relevium Technologies (TSXV:RLV)
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