Message #25 From:
Stock News Bot Date: December 20, 2006 05:55:00 AM
SYS News SYS Technologies Awarded $5.0 Million Subcontract from Unisys
SAN DIEGO--(BUSINESS WIRE)--SYS Technologies (AMEX:SYS), a leading provider of information
connectivity solutions that enable real-time, complex decision-making,
announced receipt of a five year contract with an estimated value to SYS
of $5.0 million to team with Unisys in providing information technology
support to the Department of Treasury, Treasury Bureaus, Department of
Homeland Security and other federal agencies.
The work is being performed under the Total Information Processing
Support Service (TIPSS-3) IDIQ contract. The TIPSS-3 program is
estimated to be a five-year program with a potential value of $3 billion.
SYS Technologies was also a teaming partner with Unisys on the TIPSS-2
program. The TIPSS-2 program began in 2000 and lasted for 5 years. SYS
provided e-learning and training solutions, in conjunction with Unisys,
for the Internal Revenue Service through the TIPSS-2 contract. One such
project created by SYS Technologies under Unisys’
TIPSS-2 contract was an online training and certification program for
the Internal Revenue Service entitled Link and Learn Taxes.
Approximately 10,000 volunteer tax preparers have received certification
through the program for the 2005 filing season, and 30,000 since the
program’s inception. On TIPSS-3, SYS has been
asked to maintain and enhance this training. Link and Learn Taxes is
used to ensure that Volunteer Income Tax Assistance (VITA) volunteers
receive proper training and certification.
Jeff Giglio, Vice President of SYS’ Web
Technologies Division, said, “We are excited
that Unisys continues to extend the opportunity for SYS to be a part of
their TIPSS team. It is rewarding to know that our efforts provide
valuable information to IRS personnel and IRS volunteers. Our intent is
to work hand in hand with Unisys to find other opportunities where we
can provide valuable information technology services to the Department
of Treasury and agencies included under the scope of the TIPSS contract.”
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.
