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Sovereign Plastics Receives Urgent Production Contract to Manufacture and Supply Personal Protective Equipment in Support of COVID-19 Task Forces
Sovereign Plastics Receives Urgent Production Contract to Manufacture and Supply Personal Protective Equipment in Support of COVID-19 Task Forces.
About this update from Comsovereign Holding Corp.
[{"type":"text","content":"\n\n\n\nSovereign Plastics Receives Urgent Production Contract to Manufacture and Supply Personal Protective Equipment in Support of COVID-19 Task Forces\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSovereign Plastics Receives Urgent Production Contract to Manufacture and Supply Personal Protective Equipment in Support of COVID-19 Task Forces\n- New Contract Features Rapid Development of Custom Molds and High-Volume Production of Face Shields for Front-Line Healthcare Workers and First Responders -\nPR Newswire\nDALLAS, March 31, 2020\n\n\n\n DALLAS, March 31, 2020 /PRNewswire/ -- COMSovereign Holding Corp. (OTCQB: COMS) (\"COMSovereign\" or the \"Company\"), a U.S.-based pure-play enabler of 5G connectivity and data transmission systems, today announced that its newly-acquired domestic plastic and metal components manufacturing operation, Sovereign Plastics, has received a new customer contract. This order is for the rapid production of Personal Protective Equipment (PPE) from a supplier supporting Coronavirus Disease (COVID-19) healthcare and first responder urgent needs.\n\n \n \n \n \n \n \n\n \nThis order includes the rapid custom development of tooling and 24x7 high-volume production of face shields. Fabrication of the molds is underway, and full-scale production is expected to begin within two weeks. The Company anticipates net margin on the production to exceed $500,000 per month in the initial surge of production.\nDan Hodges, Chairman and CEO of COMSovereign Holding Corp., stated, \"The spread of COVID-19 has dramatically reduced access to critical medical equipment and PPE supplies, including this type of face shield, potentially jeopardizing the health and safety of front-line healthcare and first responders. We are honored to commit our available production capacity to the rapid manufacture of face shields for distribution by our customer to its end users in the fight against COVID-19, and we are proud to help lower the curve here in the United States.\"\nSovereign Plastics is based in Colorado Springs, Colorado, and occupies a 23,000-square-foot man...