Performance Lacrosse Group has reached an agreement with the National Operating Committee on Standards for Athletic Equipment (NOCSAE) on a solution for the recently decertified Cascade R helmet.

NOCSAE has accepted a solution that will involve a simple modification to Cascade R helmets currently in the marketplace.

Cascade’s data confirms the helmet, as modified by this solution, meets NOCSAE certification standards.

Cascade will make the modification to existing helmets at its Liverpool, N.Y. facility and the modification will be free of charge for consumers and retailers, including related shipping costs.

The Cascade R helmet was launched in June 2013 and approximately 110,000 units have been sold in the market till date.

The Company estimates that the cost of modifying existing Cascade R helmets is between $2-4 million.

Cascade is currently conducting a third-party audit of its quality assurance and quality control (QA/QC) processes and expects the audit to be completed early.

NOCSAE will partially reinstate Cascade’s license agreement for the production of new Cascade R helmets upon demonstration of satisfactory audit results.

These helmets will be designated as Cascade R-M helmets for NOCSAE certification purposes but marketed and sold as Cascade R helmets.

The license agreement will be fully restored to allow for the resumed production of all other Cascade models upon demonstrating that such models certified by Cascade are supported by necessary testing data.

Cascade is currently reviewing test results for all of its lacrosse helmets to ensure they meet both Cascade and NOCSAE standards.

Performance Lacrosse Group is a leading developer and manufacturer of high performance sports equipment and apparel and is a subsidiary of Performance Sports Group Ltd. (AR)