Lakeland Industries (LAKE) Surges on Expected Rise in Demand for Hazmat Suits Amid U.S. Ebola Case

Lakeland Industries, Inc. (NASDAQ: LAKE) is jumping 12.8% in pre-open trading Wednesday after the first case of Ebola was diagnosed in the U.S. yesterday. In September, the company announced the global availability of its hazmat suits for Ebola.

In response to the increasing demand for specialty protective suits to be worn by healthcare workers and others being exposed to Ebola, Lakeland said at that time it was increasing its manufacturing capacity for these garments and includes proprietary processes for specialized seam sealing, a far superior technology for protecting against viral hazards than non-sealed products.

"Lakeland stands ready to join the fight against the spread of Ebola," said Christopher J. Ryan, President and Chief Executive Officer of Lakeland Industries. "We understand the difficulty of getting appropriate products through a procurement system that in times of crisis favors availability over specification, and we hope our added capacity will help alleviate that problem. With the U.S. State Department alone putting out a bid for 160,000 suits, we encourage all protective apparel companies to increase their manufacturing capacity for sealed seam garments so that our industry can do its part in addressing this threat to global health.

You May Also Be Interested In

• IMAC Holdings (BACK) halted on volatility, up 26%
• Tesla stock slides 5% as two key executives leave the company amid new layoffs
• HSBC (HSBC) Cuts a Dozen Asia Dealmakers - Reuters