Message #24 From:
Stock News Bot Date: December 19, 2006 05:55:00 AM
SYS News SYS Technologies Awarded $1.9M Subcontract Award
SAN DIEGO--(BUSINESS WIRE)--SYS Technologies (AMEX:SYS), a leading provider of information
connectivity solutions that enable real-time, complex decision-making,
announced it is a member of the Science Applications International
Corporation (NYSE: SAI) winning team to support the Space and Naval
Warfare (SPAWAR) Systems Center, San Diego, Calif. The SYS subcontract
has a potential value of $1.9 million for the three-year base, with an
option period of two additional years.
SYS, through a subcontract to SAIC, will support SAIC under its prime
contract with SPAWAR Defense Solutions Group Submarine Communication
Information and C4I System Divisions, providing its expertise in the
following areas: technology insertion, engineering development, systems
engineering development, systems engineering support, test and
evaluation, program planning, control and administration, fleet
engineering support, system operation and verification test, logistics
support, warehouse and inventory control support.
Cliff Cooke, president and CEO of SYS, said, “We
continue to strengthen our longstanding relationship with both SAIC and
SPAWAR and are confident our team will work to help SPAWAR meet its
strategic performance goals.”
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 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 filing.
