Feb. 09, 2021 — Unisync Corp. operates through two business units: Unisync Group Limited and 90% owned Peerless Garments LP, which has been manufacturing operational uniforms and accessories to Canada’s Armed Forces for over 50 years.
In addition to the $7.4 million in contract awards announced in the Fall of last year, we are pleased to announce the award of a four-year contract to Peerless covering the supply of up to $3.1 million in operational clothing liners to the RCMP. The contract is for firm quantities totalling $1.5 million and an additional $1.6 million exercisable at the option of the RCMP over the remaining three years.
We are also pleased to advise that the Department of National Defence has exercised another $1 million option for the supply of duffel bags.
We continue to build our long-term contracted managed services client base at Unisync’s UGL business unit with the recent award of a four-year managed services contract to supply the City of Saskatoon transit, fire and police employees with their operational clothing and accessories.
Notwithstanding the effect that COVID-19 has had on our valued hospitality and transportation clients and the resulting temporary affect that this has had on our top-line revenues, we are continuing to fill some of this temporary void with our pivot to PPE products as we build our base of long-term contracted business and broaden our product lines.
