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[rado]

PCSV has a big new contract

https://finance.yahoo.com/news/pcs-edventures-announces-contract-award-134600769.html
PCS Edventures! Announces Contract Award From the United States Air Force Junior Reserve Officers’ Training Corps


BOISE, Idaho, Oct. 03, 2022 (GLOBE NEWSWIRE) -- PCS Edventures!, Inc., (PCSV) a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) education programs and drone products, today announced that the Company has won a competitive bid and has been awarded a contract from the United States Air Force for their Junior Reserve Officers’ Training Corps (JROTC). The contract allows the Air Force JROTC to purchase up to 750 units of our Discover Drones Classroom Packages each year for five years. They are not required to purchase more than one unit in any contract year after the first year. Their first purchase order is for 344 units, worth approximately $2.6 million.

Michael Bledsoe, President, commented, “I am very pleased on behalf of our employees and shareholders to win this contract. The Air Force’s first order represents the largest single order our Company has ever received. We are prepared to fulfill the contract and will begin shipping units within the next week. Ultimate fulfillment of the contract’s first order is anticipated to be late January 2023.”

Todd Hackett, CEO, stated, “This contract award with the Air Force is definitely a game-changer for our Company. If exercised fully, the contract has potential to exceed a total of $30 million over a 5-year period. I am proud of our employees who worked so diligently to win this contract and furthermore put our Company on track for major growth. We will continue going after larger implementations of our programs, and I look forward to providing our next contract update.”

For more information about PCS Edventures!, Inc., visit our website.

Company financial information and reports can be found at https://www.otcmarkets.com/.