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SYS News SYS Technologies Awarded $1.0M Development Contract

SAN DIEGO--(BUSINESS WIRE)--SYS Technologies (AMEX:SYS), a leading provider of information connectivity solutions that enable real-time, complex decision-making, announced today that its Defense Solutions Group has made a significant and strategically key addition to its customer base with the award of a $1.0 million, one-year task order to provide software engineering services for the North American Aerospace Defense Command (NORAD) and the U.S. Northern Command (USNORTHCOM).

Cliff Cooke, President and CEO of SYS, said, “This contract award is significant in that we were able to leverage the development expertise obtained in our acquisition of Polexis with our first responder situational awareness and decision support capabilities. This program addresses our customer’s requirement to rapidly analyze an incident; assess the situation; and plan, coordinate, and implement an effective response to a threat, attack, or natural disaster. NORAD and USNORTHCOM represent important new customers for us, and we are pleased with the trust and confidence they have shown in SYS with this award.”

The purpose of this task is to design, develop, and integrate a web-based, net-centric information processing and sharing system for enhanced situational awareness. The web-enabled solution will provide a geospatial information system infrastructure that will allow for seamless sharing of tactical, operational, and strategic data by and between DoD and Non-DoD mission partners on the NORAD/USNORTHCOM network.

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 the economy, competition, unanticipated business opportunities, availability of financing, market acceptance, government regulation, dependence on key personnel, limited public markets and 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 filings.