SYS Technologies Announces Contract Awards Valued at $4.7M; SYS Gains New Customer within US Navy.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- SYS Technologies, (AMEX AMEX See: American Stock Exchange : SYS SYS System(s) SYS System Configuration (File Name Extension) SYS See You Soon SYS Sun Yat-Sen (founder of Republic of China) SYS Stretch-Yawn Syndrome ), a leading provider of real time information technology solutions to industrial and U.S. government customers, announced today that it has been awarded two contracts with a combined value of up to $4.7 million. SYS will be providing logistics and engineering services to the U.S. Navy, in support of the Multifunctional Information Distribution System (MIDS MIDS Multifunctional Information Distribution System MIDS Matrix Information and Directory Services (USA) MIDS Multifunction Information Distribution System MIDS Municipal Infrastructure Data Standard ) International Program Office under a contract valued at approximately $3.8 million to be performed over a three-year period. Also on the SYS Team for this effort are Anteon Corporation and Odyssey Systems Consulting Group. In addition, SYS also announced that it is part of a team headed by CACI CACI - A company developing and marketing SIMSCRIPT, MODSIM and other simulation software products. Telephone: +1 (619) 457-9681. International that was recently awarded a $9.8 million task order by the U.S. Navy in support of the Cooperative Engagement Capability (CEC (Central Electronic Complex) The set of hardware that defines a mainframe, which includes the CPU(s), memory, channels, controllers and power supplies included in the box. Some CECs, such as IBM's Multiprise 2000 and 3000, include data storage devices as well. ) naval electronic defense system program. SYS will perform logistics support and test and evaluation services under this task order with an approximate value of $900,000 of tasking over a four-year period. MIDS is an advanced, jam-resistant communication system used to digitally transmit tactical information between U.S. and Allied aircraft, ships, and ground forces. The transmission can be either data or voice. MIDS also serves as a navigation aid by providing precise participant location and identification information as part of the tactical data exchanged. Ken Regan, SYS Defense Group President, said, "The MIDS contract gives SYS an opportunity to work with a new customer within the U.S. Navy, and directly support their critical role in multinational Command and Control interoperability and information sharing. About SYS Technologies SYS (AMEX: SYS), provides real time information technology solutions and wireless communications systems for the Department of Defense (DoD), Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States (DHS DHS Department of Homeland Security (USA) DHS Department of Human Services DHS Department of Health Services DHS Demographic and Health Surveys DHS Dirhams (Morocco national currency) ), and industrial markets. SYS Technologies' expertise is in real time sensor capture, wireless communications, applications development, integration and data visualization For the DoD, the company provides command and control systems to operational commanders. For the DHS and various state agencies,it provides real-time safety and security products and services, including sensor networking products and end-to-end solutions. For large industrial customers in the telecommunications, utilities, construction, chemical, and biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. industries, its products and services are used to intelligently and profitably manage remote assets. SYS is headquartered in San Diego at 5050 Murphy Canyon Road, San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. 92123 and has principal offices in California and Virginia. For additional information, visit the SYS Technologies web site at http://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 filings, including its report on Form 10QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound filed on May 9, 2005. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion