He said the new AirBoss 100 Half Mask comes at a lower price point, and "it does not require a power pack and fan blower/hood. It is a basic respirator with the protection of a PAPR. It will be easier to wear over extended periods of time versus what many health care professionals are (currently) doing."
Unlike other respiratory products, Bitsakakis said, the new half mask respirator "filters the air coming in to the user, and it filters their exhalation. This is important for first responders—who may unknowingly be contagious—to not infect their patients. It also has an optional clip-on clear eye shield that is extremely important to first responders who are worried about blood splatter."
There is a strong market in the health care niche for a product with the highest level of protection but at a better price point that's easier to use than the full PAPR respirator, which is geared toward infectious disease wards, he said.
On another front, the company said that AirBoss Defense Group has successfully shipped or commenced shipment of all remaining nitrile examination gloves ordered by the U.S. Department for Health and Human Services—Office of the Assistant Secretary for Preparedness and Response to be used for the Strategic National Stockpile.
However, the Newcastle-based firm said it anticipates delivery of the order won't be completed in the fourth quarter due to production stoppages in Malaysia related to government lockdowns. These have created a four- to six-week production delay, in addition to global logistics difficulties highlighted by record backlogs at U.S. cargo ports.
Because of the backlog, about $116 million (of the $288 million nitrile glove contract) of sales originally planned to be counted as revenue in the third quarter is now expected to be recorded in the fourth quarter. The change is not likely to affect full year results, the company said.
AirBoss has had numerous concerns about on-time delivery of its products this year but the biggest one currently is the nitrile gloves, Bitsakakis said.
"Our other products and raw materials are also of course a major concern. We have had multiple force majeures this year and significant shipping delays and increased costs," he said.
"We have, however, been able to navigate those challenges through our raw materials redundancy program and our increases in safety stocks. This has kept us in a position to continue to support our customers.
"The gloves were different just because of the sheer size of the order. The number of boats and containers required to ship this number of gloves has been mind boggling. In fact, we are currently the largest nitrile glove importer to the U.S. These large numbers, of course, drive a greater impact from every delay. Despite these delays, we anticipate a full delivery this year."
Bitsakakis also said the company's growth pipeline, which the firm defines as business it currently is bidding on, is at well over $1 billion.
"This is by far the largest pipeline of opportunities we've ever had," he said.