Message #17 From:
Stock News Bot Date: October 26, 2006 05:55:00 AM
SYS News SYS Technologies Awarded $4.5M Contract to Provide Software Development Services for SPAWAR Systems Center San Diego
SAN DIEGO--(BUSINESS WIRE)--SYS Technologies, (AMEX:SYS), a leading provider of information
connectivity solutions that enable real-time, complex decision-making,
announced today its Defense Solutions Group has been awarded a $4.5
million, base year prime contract award, with a cumulative value of
$21.6M over five-years to provide software development services to the
Navy’s Space and Naval Warfare (SPAWAR)
Systems Center San Diego.
SYS will provide engineering support for command, control,
communications, computer, and intelligence (C4I) software applications
and database systems, including systems requirements, design,
implementation, and integration. The work will be performed by SYS’
net-centric software division, a leading provider of advanced software
engineering services and solutions to the DoD C4I community, and will
support key programs such as FORCEnet and Net-enabled Command Capability
among others.
Cliff Cooke, President and CEO of SYS, said, “This
key contract reinforces the reputation of our net-centric software
division that has been built around the capabilities acquired in our
Polexis acquisition and validates our customers’
satisfaction with our performance. This significant award, along with
others already announced, brings us to a total of approximately $37
million in new contracts received during this period, approaching our
stated goal of approximately $50 million in new contracts in the first
half of our fiscal year 2007.”
About SYS Technologies
SYS Technologies (AMEX:SYS), is a leading provider of information
connectivity solutions that capture, analyze and present real-time
information to our customers in the Department of Defense, Department of
Homeland Security, other government agencies and to large industrial
companies. Using interoperable communications software, sensors, digital
video broadcast and surveillance technologies, wireless networks,
decision-support tools and Net-centric technologies, our technical
experts enhance complex decision-making. We also provide solution
lifecycle support with program, financial, test and logistical services
and training. Founded in 1966, SYS Technologies is headquartered in San
Diego and has principal offices in California, Virginia and Maryland.
For additional information, visit www.systechnologies.com.
Notice Regarding Forward-Looking Statements
This press release includes “forward-looking
statements” 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.All statements other
than statements of historical fact included in this press release
regarding the Company’s strategies, plans,
objectives, expectations, and future operating results are
forward-looking statements.Although SYS believes that the
expectations reflected in such forward-looking statements are reasonable
at this time, it can give no assurance that such expectations will prove
to have been correct.Actual results could differ materially
based upon a number of factors including, but not limited to, the state
of economy, competition, unanticipated business opportunities,
availability of financing, market acceptance, government regulation,
dependence on key personnel, limited public marketsand
liquidity, shares eligible for future sale, continuation and renewal of
contracts and other risks that may apply to the Company, including risks
that are disclosed in the Company’s
Securities and Exchange Commission filing.