Forward Industries Inc (FORD)

[ProfitScout]

Forward Signs New Three Year Supplier Agreement With Global Healthcare Provider

WEST PALM BEACH, Fla., Sept. 07, 2016 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ:FORD), a designer and distributor of custom carry and protective solutions, today announced that they have signed a new 3 year agreement with a Global Healthcare provider to supply Global custom carry cases for their diabetic products through July 2019. The Company is an existing significant customer of Forward and the three year agreement provides a new framework on pricing and quantity.

Terry Wise, Chief Executive Officer of Forward Industries, stated, “This long term supply agreement, the third agreement signed from another prominent player in the industry, is a further major endorsement in Forward’s ability to consistently provide a quality compliant product on a timely basis. In an extremely highly regulated but competitive market, we continue to be the preferred supplier of choice. Year after year, we are given the highest ratings for our quality performance from all our multi-national clients. Together with our exceptional supply chain capability, it is no surprise that we continue to remain dominant in the diabetics’ custom cases industry.”

About Forward Industries
Incorporated in 1962, and headquartered West Palm Beach, Florida, Forward Industries is a global designer and distributor of mobile device cases and accessories. Forward’s products can be viewed online at http://www.forwardindustries.com.

Contact:
Forward Industries, Inc.
Michael Matte, CFO
[phone]

Source: Forward Industries, Inc.