Jan. 9, 2017
-- Ironclad Performance Wear Corporation (OTCQB: ICPW),
and Glenfir Corporation, a division of Kapern Corporation,
announced today that they have entered into a five-year,
exclusive distribution agreement to distribute Ironclad
products in the territories of Central and South America.
Ironclad Performance Wear, located in Farmers Branch,
Texas, is a global leader in safety and performance hand
wear. Glenfir Corporation is a division of Kapern Corporation,
a South American multi-national business with interests in
quarry exploration, survey engineering, heavy machinery and
industrial safety. Kapern is a long-time and respected leader
in the sale and distribution of personal protective equipment
(PPE) across all of Central and South America. Glenfir has
more than 45 partners and sales agents in 18 countries
throughout Central and South America. As part of the
agreement, in return for certain exclusive distribution rights,
Glenfir agreed to a series of escalating annual purchase
commitments, the total value of which is in excess of U.S.
$10.0 million over the five-year contract period.
"We are very pleased to have Glenfir as our newest
distribution partner, expanding our presence throughout
Central and South America," commented Mike Emslie,
SVP International Sales for Ironclad. "Glenfir's recognized
expertise in PPE and their broad distribution in this region
of the world further validates our brands, products and global
footprint."
"We are excited about this new opportunity to
represent and distribute the Ironclad portfolio of
products in Central and South America. We see
a significant opportunity for growth for both
companies working together," commented Adolpho
Goncalves Staehle, CCO of the PPE division of Glenfir.
"For more than 10 years, our company has been a leader
in safety and performance personal protective equipment (PPE),
" commented Pedro Pereira, Director of Glenfir. "Having the
opportunity to distribute products from Ironclad, one of the
foremost innovators and leaders in technology, engineering
and design of gloves and PPE puts us in a great position to
satisfy our customers' strong demand for these products."
About Ironclad Performance Wear Corporation
Ironclad Performance Wear is a brand leader in technical,
task-specific, performance work gloves, having created the
performance work glove category in 1998. The Company
continues to leverage its leadership position in the safety,
construction and industrial markets through the design,
development and distribution of specialized task-specific
gloves for numerous industries, including oil & gas exploration,
automotive, construction, as well as police, fire, first-responder
and military. Ironclad engineers and manufactures its products
with a focus on innovation, design, advanced material science
and durability. Ironclad's gloves are available through industrial
suppliers, hardware stores, home centers, lumber yards and
sporting goods retailers nationwide, and through authorized
distributors.
Iformation about Forward-Looking Statements
This release contains "forward-looking statements"
that include information relating to future events and
future financial and operating performance. Forward-looking
statements should not be read as a guarantee of future
performance or results, and will not necessarily be accurate
indications of the times at, or by, which that performance or
those results will be achieved. Forward-looking statements
are based on information available at the time they are made
and/or management's good faith belief as of that time with
respect to future events, and are subject to risks and uncertainties
that could cause actual performance or results to differ materially
from those expressed in or suggested by the forward-looking statements.
Important factors that could cause these differences include, but are not
limited to: the absence of purchasing commitments in our agreement with
Glenfir, fluctuations in demand for Ironclad's products, the introduction of
new products, Ironclad's ability to maintain customer and strategic business
relationships, the impact of competitive products and pricing, growth in targeted
markets, the adequacy of Ironclad's liquidity and financial strength to support its
growth and other information that may be detailed from time-to-time in Ironclad's
filings with the United States Securities and Exchange Commission.
-- Ironclad Performance Wear Corporation (OTCQB: ICPW),
and Glenfir Corporation, a division of Kapern Corporation,
announced today that they have entered into a five-year,
exclusive distribution agreement to distribute Ironclad
products in the territories of Central and South America.
Ironclad Performance Wear, located in Farmers Branch,
Texas, is a global leader in safety and performance hand
wear. Glenfir Corporation is a division of Kapern Corporation,
a South American multi-national business with interests in
quarry exploration, survey engineering, heavy machinery and
industrial safety. Kapern is a long-time and respected leader
in the sale and distribution of personal protective equipment
(PPE) across all of Central and South America. Glenfir has
more than 45 partners and sales agents in 18 countries
throughout Central and South America. As part of the
agreement, in return for certain exclusive distribution rights,
Glenfir agreed to a series of escalating annual purchase
commitments, the total value of which is in excess of U.S.
$10.0 million over the five-year contract period.
"We are very pleased to have Glenfir as our newest
distribution partner, expanding our presence throughout
Central and South America," commented Mike Emslie,
SVP International Sales for Ironclad. "Glenfir's recognized
expertise in PPE and their broad distribution in this region
of the world further validates our brands, products and global
footprint."
"We are excited about this new opportunity to
represent and distribute the Ironclad portfolio of
products in Central and South America. We see
a significant opportunity for growth for both
companies working together," commented Adolpho
Goncalves Staehle, CCO of the PPE division of Glenfir.
"For more than 10 years, our company has been a leader
in safety and performance personal protective equipment (PPE),
" commented Pedro Pereira, Director of Glenfir. "Having the
opportunity to distribute products from Ironclad, one of the
foremost innovators and leaders in technology, engineering
and design of gloves and PPE puts us in a great position to
satisfy our customers' strong demand for these products."
About Ironclad Performance Wear Corporation
Ironclad Performance Wear is a brand leader in technical,
task-specific, performance work gloves, having created the
performance work glove category in 1998. The Company
continues to leverage its leadership position in the safety,
construction and industrial markets through the design,
development and distribution of specialized task-specific
gloves for numerous industries, including oil & gas exploration,
automotive, construction, as well as police, fire, first-responder
and military. Ironclad engineers and manufactures its products
with a focus on innovation, design, advanced material science
and durability. Ironclad's gloves are available through industrial
suppliers, hardware stores, home centers, lumber yards and
sporting goods retailers nationwide, and through authorized
distributors.
Iformation about Forward-Looking Statements
This release contains "forward-looking statements"
that include information relating to future events and
future financial and operating performance. Forward-looking
statements should not be read as a guarantee of future
performance or results, and will not necessarily be accurate
indications of the times at, or by, which that performance or
those results will be achieved. Forward-looking statements
are based on information available at the time they are made
and/or management's good faith belief as of that time with
respect to future events, and are subject to risks and uncertainties
that could cause actual performance or results to differ materially
from those expressed in or suggested by the forward-looking statements.
Important factors that could cause these differences include, but are not
limited to: the absence of purchasing commitments in our agreement with
Glenfir, fluctuations in demand for Ironclad's products, the introduction of
new products, Ironclad's ability to maintain customer and strategic business
relationships, the impact of competitive products and pricing, growth in targeted
markets, the adequacy of Ironclad's liquidity and financial strength to support its
growth and other information that may be detailed from time-to-time in Ironclad's
filings with the United States Securities and Exchange Commission.
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