Nichols Announces $3.3 Million Space and Missile Defense Initiative and Support -SMDIS- Award.HUNTSVILLE, Ala.--(BUSINESS WIRE)--Sept. 7, 1999-- Michael W. Solley, President of the Government Segment of Nichols Research Corporation (Nichols) (Nasdaq: NRES NRES National Research Ethics Service (United Kingdom) NRES National Rail Enquiry Service (Great Britain) ), announced today that Nichols has been awarded a subcontract from SY Technology for the Space and Missile Defense Missile defence is an air defence system, weapon program, or technology involved in the detection, tracking, interception and destruction of attacking missiles. Originally conceived as a defence against nuclear-armed ICBMs, its application has broadened to include shorter-ranged Initiative and Support (SMDIS) Contract in support of the U.S. Army Space Command, Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , CO. This is a 5-year subcontract with SY Technology including options and valued at approximately $10.0 Million. Nichols initial subcontract is valued at $3,316,642. This Scientific, Engineering and Technical Assistance (SETA) contract, covers a wide range of efforts involving the space and missile defense community. Specific areas that Nichols will be actively involved in consist of Theater and National Missile Defense National Missile Defense (NMD) as a generic term is a military strategy and associated systems to shield an entire country against incoming Intercontinental Ballistic Missiles (ICBMs). The missiles could be intercepted by other missiles, or possibly by lasers. , doctrine and architecture, modeling and simulation, information fusion, C4ISR C4ISR Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance C4ISR Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance C4ISR Command Control Communications Computers Intelligence Surveillance and Reconnaissance and system engineering. Mr. Solley states, "This contract further enhances our capabilities in the space and missile defense area and we are proud to be a part of the SY Technology SMDIS Team." Nichols Research, headquartered in Huntsville, Alabama Huntsville is the county seat of Madison County, Alabama. Huntsville is the largest city in northern Alabama in a region of a half-million people, with the city proper having 168,132 residents (2006 estimate). , provides IT and technical services for the Department of Defense, Federal civilian agencies, state government clients, and commercial clients. The company has over 30 locations throughout the United States, 3000 employees, and revenues of over $420 Million. Additional information may be found at the Nichols web site: www.nichols.com. The Company's stock is traded under the Nasdaq market symbol: NRES. Except for historical information contained herein, this release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934. These forward-looking statements can be generally identified as such because the content of the statement will usually contain words such as the Company or management "believes," "anticipates," "expects," "estimates," "plans," and words of similar import. Similarly, statements that describe the Company's future plans, objectives, goals or strategies are forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. These risks and uncertainties are discussed in more detail in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended August 31, 1998, including the Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Conditions and Results of Operations section of that Annual Report. |
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