PEC Solutions Selected to Deliver an Enterprise Digital Data Management System for the Nuclear Regulatory Commission; Contract Extends the DDMS to Second Court Facility.FAIRFAX, Va. -- PEC Solutions, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM:PECS) announced today that the Nuclear Regulatory Commission Nuclear Regulatory Commission (NRC), an independent U.S. government commission, created by the Energy Reorganization Act of 1974 and charged with licensing and regulating civilian use of nuclear energy to protect the public and the environment. (NRC NRC abbr. 1. National Research Council 2. Nuclear Regulatory Commission Noun 1. NRC - an independent federal agency created in 1974 to license and regulate nuclear power plants ) has awarded the company a contract to deliver a second Digital Data Management System (DDMS DDMS DoD Discovery Metadata Specification DDMS Deputy Director of Medical Services (British, World War II) DDMS Department of Defense Manned Space Flight Support Office DDMS Defense Debt Management System ) to support the possible upcoming Yucca Mountain Licensing hearings in Las Vegas. PEC developed the original DDMS under a previous contract and deployed the system in NRC's Hearing Room in Rockville, MD. Under the new contract, PEC will develop enhancements to the DDMS that will create an integrated Enterprise DDMS Architecture, allowing proceedings to be accomplished at multiple locations. PEC will also implement an electronic Hearing Room for the Las Vegas facility that includes electronic evidence presentation, digital audio and video transcripts, and hearing management functionality tightly integrated with electronic capture and display components. The contract is valued at $2.3 million over a one-year period of performance. According to Paul Rice, President of PEC Solutions, "PEC is gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to be able to continue our partnership with the Atomic Safety and Licensing Board Panel (ASLBP ASLBP Atomic Safety and Licensing Board Panel ) to produce a leading-edge integrated digital courtroom system designed to expedite the hearing process and achieve the savings in time and money made possible by the use of these advanced technologies." PEC, serving as the prime contractor and systems integrator, along with its teammates, Media Edge and ExhibitOne, will provide hardware, software, and integration services along with comprehensive electronic courtroom and administrative court expertise to NRC. About PEC Solutions, Inc. PEC, founded in 1985, is a professional services firm that helps government clients harness the power of the Internet and other advanced technologies to improve mission performance. The company specializes in Web-Enabling Government(R) by providing secure, interoperable technology solutions for clients in homeland security, criminal justice and intelligence, defense, and civilian agencies within the federal government and at state and local levels. PEC is based in Fairfax County, Virginia Fairfax County is a county in Northern Virginia, in the United States. As of 2005, the estimated population of the county is 1,041,200;[1] making it by far the most populous jurisdiction in the Commonwealth of Virginia, and larger than seven states. , with offices around the United States. Visit the company on the Web at www.pec.com. For more information, contact Martha Hill, PEC Director of Investor Relations Investor relations The process by which the corporation communicates with its investors. , at 703-679-4900. SafeHarbor Statement This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those sections. PEC assumes no obligation to update the information contained in this press release. PEC's future results may be affected by its ability to continue to implement its government technology solutions, its dependence on the federal government and state and local governments and other federal government contractors as its major customers, timely passage of components of the federal budget, timely obligations of funding by the federal and state governments, its dependence on procuring, pricing and performing short-term government contracts, its dependence on hiring and retaining qualified professionals, potential fluctuations in its quarterly operating results, including seasonal impacts, its dependence on certain key employees and its ability to timely and effectively integrate the businesses it may acquire. For further information about forward-looking statements and other specific risks and uncertainties, please refer to PEC's recent SEC filings, including 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. filed with the SEC on March 15, 2004, which are available on the company's website (www.pec.com). |
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