Relevium’s BGX E-Health Secures US$20M Contract for Supplying PPE to the Canadian Market for Q1 of the Current Fiscal Year
The MarketWatch News Department was not involved in the creation of this content.
MONTREAL, Sep 17, 2020 (GLOBE NEWSWIRE via COMTEX) —
Relevium Technologies Inc. (TSX.V: “RLV”, OTC: “RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”) is pleased to announce that its wholly-owned subsidiary in the US, BGX E-Health LLC ( “BGX”), has secured a USD$20 Million contract to supply critical PPE to the Canadian Health Care Market with deliveries starting the week of September 20 and ending by the first week of October 2020.
Compared to revenues recorded during the fiscal year ended June 30, 2019, this initial contract is expected to increase forecasted yearly revenues for the year ending June 30, 2021 by an estimated 660%, from CAD$4.05M in 2019 to a forecasted CAD$30M for 2021.
INITIAL CONTRACT TO SUPPLY PPE FOR CRITICAL NEEDS IN CANADA
The COVID-19 global pandemic has created significant gaps in the supply of