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Lakeland Fire + Safety Awarded National Contract for Emergency Medical, Safety and Rescue Equipment through the HGACBuy Program

1. Lakeland awarded contract to supply protective gear to over 9,000 U.S. government entities. 2. This program allows volume-based pricing, potentially increasing demand for LAKE products.

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FAQ

Why Bullish?

The contract can significantly boost sales and visibility for LAKE, similar to previous government partnerships resulting in increased revenues.

How important is it?

This contract enhances LAKE's market presence and potential profitability, making it a significant development.

Why Long Term?

Sustained contracts with government bodies often lead to consistent revenue, as seen in the past with similar agreements boosting long-term growth.

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LAKEHUNTS
9,000+ Government Entities Able to Procure Lakeland's Product Portfolio through the HGACBuy Program HUNTSVILLE, AL / ACCESS Newswire / January 28, 2025 / Lakeland Industries, Inc. ("Lakeland Fire + Safety" or "Lakeland") (NASDAQ:LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders on the federal, state and local levels, today announced it was awarded contract EE 11-24 through the Houston-Galveston Area Council ("H-GAC") Board to allow local governments across the United States to access Lakeland's extensive portfolio of firefighter protective gear at competitive, volume-based pricing through the HGACBuy Program. The Houston-Galveston Area Council is the regional organization through which local governments consider issues and cooperate in solving areawide problems.

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