ICPW Liquidation Corp. (fka IPCWQ)

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Ironclad Performance Wear and 5.11 Tactical Join Forces to Provide Cutting-Edge Glove Technology to Law Enforcement, Firefighter
Date : 11/02/2009 @ 8:45AM
Source : PR Newswire
Stock : (ICPW)
Quote : 0.11 0.0 (0.00%) @ 2:05AM




Ironclad Performance Wear and 5.11 Tactical Join Forces to Provide Cutting-Edge Glove Technology to Law Enforcement, Firefighter

The Companies Sign a Long-Term Development and Supply Agreement

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.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060511/LATH052LOGO)

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.

Contacts

Ironclad Scott Jarus, CEO [phone] x120

Chris Miller, Director of Marketing [phone] x127

5.11 Tactical Albert Audrey, VP of Marketing [phone]

http://www.newscom.com/cgi-bin/prnh/20060511/LATH052LOGO

http://photoarchive.ap.org/

DATASOURCE: Ironclad Performance Wear Corporation

CONTACT: Scott Jarus, CEO, [phone], ext. 120, or Chris Miller,

Director of Marketing, [phone], ext. 127, both of Ironclad; or Albert

Audrey, VP of Marketing of 5.11 Tactical, [phone]

Web Site: http://www.ironclad.com/

http://www.511tactical.com/