TVI Corporation Receives Order for Surge Capacity Systems From Lehigh Valley Hospital and Health Network
GLENN DALE, Md. - TVI Corporation (NASDAQ: TVIN), a global supplier of first receiver and first responder products and provider of event shelter and equipment rentals, today announced it has received an order for its Pneumatic Mobile Surge Hospital System valued at more than $200,000 from the Lehigh Valley Hospital and Health Network (LVHHN) in Eastern Pennsylvania. The order was purchased through a grant funded by the Health Resources and Services Administration (HRSA).The Lehigh Valley Hospital and Health Network is one of the largest teaching facilities in Pennsylvania consisting of three clinical campuses -- two in Allentown and one in Bethlehem, Pennsylvania. LVHHN is one of only 400 members of the prestigious Council of Teaching Hospitals and is a chief clinical campus of the Penn State University College of Medicine, Hershey. The LVHHN has been ranked nine straight years by U.S. News & World Report as one of the top providers in the nation."We are proud our surge system has been chosen by such a prestigious hospital as the LVHHN," said TVI Corporation's President and Chief Executive Officer Richard V. Priddy. "TVI's Pneumatic Mobile Surge Hospital is a stand-alone system that includes a 20-bed pneumatic shelter, trailer/storage, generator and HVAC. The system will provide the Lehigh Valley Hospital and Health Network the ability to rapidly respond to a major public health emergency in its community.""We have been seeing an increasing level of interest in our surge capacity mobile hospital product suite, particularly at the local level," Priddy said. "We are working diligently to more rapidly translate that activity into sales and generate additional momentum in this promising segment of our business."About TVI CorporationTVI Corporation, located in Glenn Dale, Maryland, is a global supplier of first receiver and first responder products. These products include shelters, personal protection equipment and other products for homeland security, hospitals, the military, police and fire departments, and public health agencies. The Company designs, fabricates and markets products and systems both through distributors and directly to end-users and OEMs. Through its Signature Special Event Services business, TVI is now the leading full-service shelter and event equipment rental company serving the corporate, sporting, social, and government and defense industries.The TVI designation is a trademark of TVI Corporation. All other company and product names mentioned above are trade names and/or trademarks of their respective owners. For more information concerning TVI, please visit the Company at: www.tvicorp.com. This reference to the TVI website is an active textual reference and the contents of the site are not part of this press release.For more information contact:TVI CorporationRichard Priddy, President & CEOPhone: (301) 352-8800Sharon Merrill AssociatesJim Buckley, Executive Vice PresidentPhone: (617) 542-5300"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Information contained in this press release constitutes forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and involves expectations, beliefs, plans, intentions or strategies regarding the future. These statements may beentified by the use of forward-looking words or phrases such as "should", "anticipates", "believes", "expects", "might result", "estimates" and others. These forward-looking statements involve risks and uncertainties and are not guarantees of future performance, as actual results could differ materially from our current expectations. Such risks and uncertainties include achieving order and sales levels to fulfill our revenue expectations; expected costs or charges, certain of which may be outside our control; the time and costs involved in the research, development, marketing and promotion for our products; the possible cancellation or non-fulfillment of existing orders or distributor commitments for our products; our ability to respond to customer needs and other changes in the counter-terrorism, military, public safety and first responder and first receiver communities; our ability to maintain and manage our growth; difficulties in integrating the operations, technologies and products of any businesses we have acquired and may acquire; general economic and business conditions; adverse changes in governmental regulations; the possibility that our products contain unknown defects that could result in product liability claims; and competitive factors in our markets and industry generally. Numerous other factors could cause or contribute to such differences, including, but not limited to, those set forth in the Company's Annual Report to Stockholders, periodic reports, registration statements and other filings made with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date of this press release. We assume no obligation to update any such forward-looking statements, whether as a result of new information, future events or otherwise.
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