Mission Ready to Launch Next Generation Body Armor
VANCOUVER, BC April 23 2015 / Mission Ready Services Inc. (TSX-V:MRS.V ) - Mission Ready Services Inc. ("MRS" or the "Company") is pleased to provide an update on the advancement of its Next Generation Body Armor System currently in the final stages of prototyping and user evaluations.
MRS has been a close and trusted partner of the US Army in the development of a new upper extremity system and both have been heavily involved in the concept and design of the item. MRS built 36 units for the first user evaluations in May 2014 which due to overwhelming approval ratings resulted in the Army elevating the program to department level II testing. Taking user feedback and the Army's guidance the Company built an additional 100 units for second and third user evaluations conducted in early 2015.
Users have commented on the athleticism and greater mobility of the system when compared to current standard issue protective garments such as the Improved Outer Tactical Vest deltoids, neck, yoke & collar and upper back. The new system integrates all of these modular items into a single upper extremity system and is lighter than the combined total of the current modular items while providing greater protection. User comments so far have been very positive and MRS continues the goal to increase/improve a soldiers performance and the Company believes that this system does that better than anything available today. The Company is systematically looking at future improvements of the system to meet certain mission or user unique requirements.
In a News Release dated August 12, 2014, Mission Ready announced the filing of a patent application with the US Patent Office as well as an international filing under the Patent Cooperation Treaty for its Integrated Body Armor Garment.
The Global Body Armour and Personal Protection Market 2012-2024 - Market Size and Drivers: Market Profile by Report Buyer indicates that the Body Armor and Personal Protection market for military and law enforcement is currently estimated to be over US $3 billion and is forecast to increase to over $5 billion within the next 10 years. The market is driven by soldier modernization programs and due to the globally increasing demand by law enforcement agencies.
About Mission Ready Services Inc.
MRSI was created to meet a critical need of one of the world's largest customers, the US Government and in particular the Departments of Defence, Homeland Security and Justice and various other agencies such as law enforcement, first responders and the many others worldwide that help to safeguard our health and security.
MRSI's mission is to save lives and enhance the performance of military personnel, first responders, and those who protect us by working to ensure they are equipped with the best possible personal protective equipment.
For further information, visit the Company's website at MissionReady.ca or contact:
Terry Nixon - Director, Corporate Communications
Telephone: 1.877.479.7778
Investor Relations
1-866-684-6730
Mission Ready Services Inc.
(signed "Rod Reum")
Rod Reum,
President & CEO
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Services Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Services Inc. to be materially different from those expressed or implied by such forward-looking information.
Forward-looking statements are based on assumptions management believes to be reasonable. Although Mission Ready Services Inc. has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mission Ready Services Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mission Ready Services Inc.
