COMSovereign Holding Corp. (OTCQB: COMS) has announced that Sovereign Plastics, its newly-acquired domestic plastic and metal components manufacturing operation, has received a new customer contract for the rapid production of Personal Protective Equipment (PPE), the company said.
The contract is from a supplier supporting Coronavirus Disease (COVID-19) healthcare and first responder urgent needs.
This order includes the rapid custom development of tooling and 24×7 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 USD 500,000 per month in the initial surge of production.
Sovereign Plastics is based in Colorado Springs, Colorado, and occupies a 23,000-square-foot manufacturing facility that houses a full-production machine shop, a comprehensive line of state-of-the-art plastic injection molding machinery, as well as light-assembly fulfillment and packaging lines serving customers 24×7.
COMSovereign Holding Corp. is a US-based pure-play enabler of 5G connectivity and data transmission systems. COMSovereign Holding Corp. (OTCQB: COMS) has assembled a portfolio of communications technology companies with combined capabilities and the objective of enabling connectivity across the entire data transmission spectrum.