Message #28 From:
NewsBot Date: December 29, 2005 03:00:00 AM
SPSC News Spectrum Sciences & Software, Inc. Awarded $1.5 Million in National Defense Contracts; Manufacturing Division Ramps Up To Meet Increased Demand
FALLS CHURCH, Va.--(BUSINESS WIRE)--Dec. 29, 2005--Spectrum Sciences & Software Holdings Corp. (OTCBB:SPSC) announced today that the manufacturing division of Spectrum Sciences & Software, Inc. (SSSI) was awarded more than $1.5 million in national defense contracts during the second half of 2005.
The work includes fabrication of F-16 external fuel tank containers for Hill Air Force Base, EC-130 nose radome containers for Wright Patterson Air Force Base, and parachute packing tables for the Defense Supply Center in Philadelphia. Most of this work is scheduled to be completed by June 2006.
According to Darryl K. Horne, Spectrum Holdings' President and Chief Executive Officer, "Spectrum's manufacturing team has taken giant steps to increase efficiency and productivity while diversifying and expanding its producer network. Several new precision machining centers were recently acquired to facilitate this expansion and the workload increase."
Mr. Horne added that the new work aligns with the manufacturing division's objective to, "Pursue long-term production contracts that are profitable and fit our core processes. We intend to grow this division in a controlled incremental way that supports our customers with quality products, delivered on time. We will continue to integrate our commercial business as well as expand our customer base in the Department of Defense."
SSSI is performing this work at its facility in Fort Walton Beach, Florida.
About Spectrum Sciences & Software Holdings Corp.
Spectrum Sciences & Software Holdings Corp. is a technology and technical engineering solutions company focused on three primary target markets -- national security, energy & environment, and transportation -- with an emphasis on homeland security. The company's business offerings encompass management services, procurement, manufacturing, science and engineering, and information technology.
The company currently has more than 350 employees within its family of subsidiaries, which include Horne Engineering Services, http://www.horne.com/; Spectrum Sciences & Software, Inc., http://www.specsci.com; M&M Engineering, http://www.mmeng.net; and Coast Engine and Equipment Company (CEECO).
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
