172,744,750 shares authorized
72,951,183 outstanding as of June 30, 2009
Ironclad was founded in 1998, developed for workers and born on “the jobsite”. Since its inception, the Ironclad brand has challenged the status quo to develop products that not only improve the worker’s protection but also their ability to increase performance.
Ironclad is synonymous with technology, having registered 45 U.S. and foreign trademarks and 23 in-use U.S trademarks, from ergonomically designed palm patterns to proprietary and unique marks for its products. Ironclad uses only the best materials in its products and seeks to partner with leading suppliers of innovative materials such as 3M, Dupont, Clarino, and Gore. Ironclad is proud to be recognized as the official glove of the Army’s Best Ranger Competition, and is required on every hand of the Andretti Green Race team, the current Indianapolis 500 champion. Ironclad has a strong distribution network with leading companies such as Ace Hardware, True Value, Lowes, Cabela’s, Dick’s Sporting Goods, Grainger and Amazon.
Ironclad is synonymous with innovation, having created the task specific performance glove category, and recently, the first line of performance fabric apparel built for the worker. Ironclad will continue to innovate and develop new products with the goal to be, “the brand of choice” for the consumer who demands performance or technology engineered into the products he or she needs for an active lifestyle.
Ironclad currently offers 35 styles of gloves and 21 styles of apparel. Its products are available in all 50 states and internationally, through approximately 7,000 retail outlets. Ironclad gloves are priced between $15 and $60 per unit with apparel unit prices ranging from $22 to $48. In June, Ironclad moved into its new state-of-the-art headquarters facilities in the South-Bay area of Southern California.
LOS ANGELES, Nov. 2 /PRNewswire-FirstCall/ -- Ironclad Performance Wear Corporation (OTC:ICPW) (BULLETIN BOARD: ICPW) , a leader in high-performance task-specific gloves and apparel, and 5.11 Tactical®, which creates and distributes products that enhance the safety, accuracy, speed and performance of law enforcement, firefighting, emergency medical and military professionals, today announced that the two companies have entered into a long-term development and supply agreement. The relationship combines the renowned technical glove expertise of Ironclad, with the superior market understanding and distribution capabilities of 5.11 Tactical.
Under the terms of this development and supply agreement, Ironclad will exclusively design and manufacture the full line of task-specific gloves which will be sold, marketed, and distributed worldwide by 5.11 Tactical. The gloves will carry the 5.11 Tactical brand, and will be further co-branded as "Built Tough By Ironclad(TM)".
"Hand protection and grip enhancement are very important needs for police, fire, first-responders and the military," said Ed Jaeger, Ironclad's founder and head of business development. "By combining Ironclad's technical expertise in designing task-specific gloves across a wide range of industries with 5.11 Tactical's superior understanding of the end-users' needs and industry requirements, we will be bringing the best, most advanced products to this market."
The law enforcement, firefighting, EMS and military markets each have unique requirements that demand creative and highly technical solutions. Gloves for law enforcement require dexterity, breathability and puncture resistance, while gloves for fire fighters must also be fire resistant, heat dissipating and durable.
"5.11 Tactical has always prided itself on developing, producing and selling the best products available for our customers," said Dan Costa, President and CEO of 5.11 Tactical. "We realized that to meet this objective, we needed to partner with the best technical task-specific glove company in the world. We're confident that our customers will find our next generation of gloves vastly superior to anything else on the market."
Design and production of 5.11 Tactical's gloves under this agreement are already underway, and they are expected to be widely available through 5.11 Tactical's dealer network and Website in early 2010.
About Ironclad Performance Wear Corporation
Ironclad, which created the performance work glove category in 1998, continues to leverage its leadership position in the construction and industrial markets through the development and introduction of specialized task-specific gloves for industries, such as oil & gas exploration and automotive. With its focus on innovation, design, advanced material science and durability, Ironclad engineers, manufactures and sells a comprehensive line of task-specific gloves and performance-fabric apparel. Ironclad's products are available at hardware stores, home centers, industrial suppliers, lumber yards, and sporting goods retailers nationwide; and through authorized distributors throughout North America, Europe, Australia and Asia.
For more information on Ironclad, please visit http://www.ironclad.com/.
About 5.11 Tactical
5.11, Inc., doing business as 5.11 Tactical, creates superior products that enhance the safety, accuracy, speed and performance of law enforcement, military and firefighting professionals and sells these products under the registered trademarks, 5.11®, 5.11 Tactical®. 5.11 Tactical Series® and other marks. Built on a foundation of durability, quality and value, 5.11 Tactical leads the industry in delivering functionally innovative gear, head to toe, including tactical clothing, uniforms, outerwear, gloves, footwear, eyewear, duty knives, tactical gear and holsters.
For more information regarding 5.11 Tactical or to locate a local dealer, please visit http://www.511tactical.com/.
Information 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: fluctuations in demand for Ironclad's products, the timing of the introduction of the new products under the development and supply agreement, the acceptance of such products in the market place, 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. For a more detailed description of the risk factors and uncertainties affecting Ironclad, please refer to the Company's recent Securities and Exchange filings, which are available at http://www.sec.gov/. Ironclad undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Ironclad Scott Jarus, CEO (310) 643-7800 x120
Chris Miller, Director of Marketing (310) 643-7800 x127
5.11 Tactical Albert Audrey, VP of Marketing (209) 338-1470
Web Site: http://www.ironclad.com/
Ed Jaeger, CEO
(310) 643-7800 X106
Chris Miller, Director of Marketing
(310) 643-7800 X127
Ironclad Performance Wear Corp.
CONSOLIDATED STATEMENTS OF OPERATIONS
June 30, 2008