Lakeland Industries, Inc. (“Lakeland Fire + Safety” or “Lakeland”)
(NASDAQ: LAKE), a leading global manufacturer of protective
clothing for industry, healthcare, and first responders, today
announced its Lakeland LHD subsidiary has secured a contract
renewal of up to 12 years with Fire and Emergency New Zealand
(FENZ), New Zealand's main firefighting and emergency services
body, for a range of apparel and decontamination services,
extending an established and longstanding relationship of over 22
years.
The contract renewal with Lakeland LHD is for an
initial period of five years, extending up to twelve years with
contract renewal provisions. The contract includes the fitment,
delivery and supply of the latest generation KIWI 2.0 L2 structural
fire ensembles as well as decontamination, care and associated
logistics management for the structural ensembles, protective
hoods, gloves and other clothing items. The decontamination service
further enhances firefighter safety through the removal of harmful
carcinogens. The contract includes an estimated 1,600 to 2,000
ensembles annually.
FENZ was established under the Fire and
Emergency New Zealand Act of 2017 to create an integrated
nationwide fire and emergency services organization responsible for
a wide range of services, including urban and rural fire services.
FENZ oversees over 650 stations covering the entire country and is
comprised of approximately 2,000 paid and 12,000 volunteer
firefighters.
“We are honored that FENZ has once again
selected Lakeland LHD to provide the turnout gear and
decontamination services needed to protect the firefighters of New
Zealand,” said Barry Phillips, Chief Revenue Officer for Lakeland.
“Lakeland LHD has a strong brand reputation with its customers,
providing protective clothing maintenance that ensures longevity
and effectiveness of firefighting gear with an attractive recurring
revenue stream.”
Louie Hatzikosmidis, Managing Director for
Lakeland LHD, added, “We are deeply grateful for the trust and
partnership we have shared with Fire and Emergency New Zealand over
the years, and we remain committed to delivering excellence as we
stand by our company mission of ‘Protecting your People’.”
Rachael Utumapu, Operational Standards Manager
for FENZ, commented, “We have enjoyed our longstanding relationship
with Lakeland LHD and look forward to continuing this partnership
to provide our firefighters with the best protection in terms of
apparel and decontamination services. Lakeland LHD has proven over
the years to be a partner that we can rely upon to deliver what we
need.”
About Lakeland Fire +
Safety
Lakeland Fire + Safety manufactures and sells a
comprehensive line of fire services and industrial protective
clothing and accessories for the industrial and first responder
markets. Our products are sold globally by our in-house sales
teams, our customer service group, and authorized independent sales
representatives to a strategic global network of selective fire
safety and industrial distributors and wholesale partners. Our
authorized distributors supply end users, such as integrated oil,
chemical/petrochemical, automobile, transportation, steel, glass,
construction, smelting, cleanroom, janitorial, pharmaceutical, and
high technology electronics manufacturers, as well as scientific,
medical laboratories and the utilities industry. In addition, we
supply federal, state and local governmental agencies and
departments, such as fire and law enforcement, airport crash rescue
units, the Department of Defense, the Department of Homeland
Security and the Centers for Disease Control. Internationally, we
sell to a mixture of end users directly and to industrial
distributors, depending on the particular country and market. In
addition to the United States, sales are made into more than 50
foreign countries, the majority of which were into China, the
European Economic Community ("EEC"), Canada, Chile, Argentina,
Russia, Kazakhstan, Colombia, Mexico, Ecuador, India, Uruguay,
Middle East, Southeast Asia, Australia, Hong Kong and New
Zealand.
For more information concerning Lakeland, please
visit the Company online at www.lakeland.com.
"Safe Harbor" Statement Under the
Private Securities Litigation Reform Act of 1995
This press release contains "forward-looking
statements" as that phrase is defined in the Private Securities
Litigation Reform Act of 1995. All statements, other than
statements of historical facts, which address Lakeland's
expectations of sources or uses for capital or which express the
Company's expectation for the future with respect to financial
performance or operating strategies, including statements regarding
the public offering and the use of proceeds therefrom, can be
identified as forward-looking statements. Forward-looking
statements involve risks, uncertainties and assumptions as
described from time to time in Press Releases and Forms 8-K,
registration statements, quarterly and annual reports and other
reports and filings filed with the Securities and Exchange
Commission or made by management. As a result, there can be no
assurance that Lakeland's future results will not be materially
different from those described herein as "believed," "projected,"
"planned," "intended," "anticipated," "can," "estimated" or
"expected," or other words which reflect the current view of the
Company with respect to future events. We caution readers that
these forward-looking statements speak only as of the date hereof.
The Company hereby expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
such statements to reflect any change in the Company's expectations
or any change in events, conditions or circumstances on which such
statement is based, except as may be required by law.
ContactsLakeland Fire +
Safety256-600-1390Roger ShannonChief Financial
Officerrdshannon@lakeland.com
Investor RelationsChris
TysonExecutive Vice PresidentMZ Group - MZ North
America949-491-8235LAKE@mzgroup.us www.mzgroup.us
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