SYS Technologies Awarded $4.5M Contract to Provide Software Development Services for SPAWAR Systems Center San Diego.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 SYS Technologies (AMEX:SYS), also known simply as SYS, provides information technology products and services and wireless communications systems for the Department of Defense, Department of Homeland Security and various industrial customers. , (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 information connectivity solutions that enable real-time, complex decision-making, announced today its Defense Solutions Group has been awarded a $4.5 million, base year prime contract award, with a cumulative value of $21.6M over five-years to provide software development services to the Navy's Space and Naval Warfare naval warfare Military operations conducted on, under, or over the sea and waged against other seagoing vessels or targets on land or in the air. The earliest naval attacks were raids by the armed men of a tribe or town using fishing boats or merchant ships. (SPAWAR SPAWAR Space & Naval Warfare Systems Command (US Navy) SPAWAR Space Warfare ) Systems Center San Diego. SYS will provide engineering support for command, control, communications, computer, and intelligence (C4I C4I Command, Control, Communications, Computers, & Intelligence (US DoD) C4I Command Control Communications Computer and Intelligence ) software applications and database systems, including systems requirements, design, implementation, and integration. The work will be performed by SYS' net-centric software division, a leading provider of advanced software engineering services and solutions to the DoD C4I community, and will support key programs such as FORCEnet and Net-enabled Command Capability among others. Cliff Cooke, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SYS, said, "This key contract reinforces the reputation of our net-centric software division that has been built around the capabilities acquired in our Polexis acquisition and validates our customers' satisfaction with our performance. This significant award, along with others already announced, brings us to a total of approximately $37 million in new contracts received during this period, approaching our stated goal of approximately $50 million in new contracts in the first half of our fiscal year 2007." 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 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 , other government agencies and to large industrial companies. Using interoperable communications software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems , 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. |
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