DSS, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a
multinational company with nine operating business lines in
diverse, high-growth industries, today announced the facility
expansion of its Premier Packaging Corporation (“Premier” or
“Premier Packaging”) subsidiary is nearing completion with
operations expected to begin at the new facility on February 1,
2022.
For over 25 years, Premier has been a market
leader in providing solutions for paperboard packaging from
consumer retail packaging and heavy mailing envelopes, to
sophisticated custom folding cartons and complex 3-dimensional
direct mail solutions. Premier’s innovative design team delivers
packaging that provides functionality, marketability, security, and
sustainability.
Since 2019, the new management team has
accelerated the transformation of Premier’s operations, investing
in new state of the art manufacturing equipment, people, and
processes to increase its capacity, improve quality and delivery,
and ensure it has the resources to support its growing customer
base and their evolving supply chain demands.
“We continue to build on our momentum and
bolster our foundation amidst growing customer demand for our
products and services,” added Bruce Stratton, VP of Operations at
Premier. “With our investment in the latest technology, greater
access to major interstates nearby, and a closer proximity to the
strong Rochester workforce, our new facility is well suited to
continue to support our existing customer base and provide the
conduit to achieve our aggressive growth plans.”
The new facility, located in the Town of
Henrietta, a suburb of Rochester, NY, approximately 15 miles from
Premier’s current operations in Victor, NY, more than doubles its
operating space, expanding the facility from approximately 42,000
square feet today to more than 105,000 square feet.
“I am proud of the fortitude and ongoing
dedication of our team. They have gone above and beyond to meet the
essential packaging needs of our customers, thus allowing their
businesses to continue running during a unique time in history,”
said Premier Packaging’s President and CEO and DSS COO, Jason
Grady. “We continue to expand Premier’s staffing as we near the
February opening of the new facility and ultimately expect to grow
our staff count by more than 50% from prior levels. In addition to
increasing our workforce, we are also investing approximately $12
million in CAPEX into the new facility, with the addition of new
equipment and engineering a lean manufacturing process tailored to
increase efficiencies and ultimately improve our delivery to our
customer needs.”
Premier specializes in creating innovative
foldable, fiber-based packing solutions that provide a sustainable
alternative to traditional plastic packaging solutions. By
designing packaging that uses more environmentally friendly
materials, while minimizing the amount of packaging material
required, Premier, and its customers, are able to reduce their
carbon footprints and lessen the amount of waste ending up in
landfills.
“Positive developments continue across all
facets of our operation and with our people,” continued Grady. “We
have taken the measures needed to keep our employees safe during
the pandemic and continue to implement safety protocols from what
we’ve learned over the past two years. We are adding talent in key
areas while increasing operational efficiencies to strengthen our
foundation and provide world-class customer service to our
customers.”
About Premier Packaging Corporation
For over 25 years, Premier Packaging has been a
market leader in providing innovative solutions for paperboard
packaging. As the consumer packaging division
of DSS, Inc., Premier offers its customers a full range of
services, including package design, prototyping, manufacturing,
inventory management, and logistical and fulfillment services.
Premier services a variety of both nationally and regionally based
accounts, including customers in the nutraceutical, personal care,
medical device, consumer goods, photo
marketing and food industries. Premier differentiates
itself by being a full service, end-to-end solution provider that
is large enough to be a complete resource to its largest clients
while remaining agile enough to address evolving market trends and
customer demands. Learn more at
https://www.dssworld.com/premierpackaging.html.
About DSS, Inc.
DSS is a multinational company operating
business segments in blockchain security, direct marketing,
healthcare, consumer packaging, real estate, renewable energy,
securitized digital assets, securities trading and fund management,
and banking, lending, and finance. Its business model is based on a
distribution sharing system in which shareholders receive shares in
its subsidiaries as DSS strategically unlocks value through IPO
spin offs. Under new leadership since 2019, DSS has built the
necessary foundation for sustainable growth through the acquisition
and formation of a diversified portfolio of companies positioned to
drive profitability in five high-growth sectors. These companies
offer innovative, flexible, and real-world solutions that not only
meet customer needs, but create sustainable value and opportunity
for transformation.
For more information on DSS
visit http://www.dssworld.com.
Investor Contact:
Dave Gentry, CEORedChip Companies
Inc.407-491-4498Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to,
statements related to the Company's intended use of proceeds and
other statements that are not historical facts. Forward-looking
statements are based on management's current expectations and are
subject to risks and uncertainties that may cause actual results or
events to differ materially from those projected. These risks and
uncertainties, many of which are beyond our control, include: risks
relating to our growth strategy; our ability to obtain, perform
under and maintain financing and strategic agreements and
relationships; risks relating to the results of development
activities; our ability to attract, integrate and retain key
personnel; our need for substantial additional funds; patent and
intellectual property matters; competition; as well as other risks
described in the section entitled "Risk Factors" in the prospectus
and in our other filings with the SEC, including, without
limitation, our reports on Forms 8-K and 10-Q, all of which can be
obtained on the SEC website at www.sec.gov. Readers are cautioned
not to place undue reliance on the forward-looking statements,
which speak only as of the date on which they are made and reflect
management's current estimates, projections, expectations, and
beliefs. We expressly disclaim any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in our
expectations or any changes in events, conditions or circumstances
on which any such statement is based, except as required by
law.
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