Sensys Technologies Announces Notification of a $2.1 Million Contract Award for a Precision Direction Finding System.NEWINGTON, Va.--(BUSINESS WIRE)--July 21, 1999-- Sensys Technologies Inc. (Nasdaq SmallCap Market:STST STST Stainless Steel STST Sounding the Seventh Trumpet (Avenged Sevenfold music album) ) announced today that it has received notification of a $2.1 million competitive contract award from the U.S. Navy, through Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. , to provide a precision, superheterodyne See superheterodyne receiver. , RF Direction Finding System. The system has applications for subsurface sub·sur·face adj. Of, relating to, or situated in an area beneath a surface, especially the surface of the earth or of a body of water. Adj. 1. , surface, and airborne platforms. A development system will be deployed within 15 months for sea trials. The notification accordingly stated that a letter subcontract will be in place no later than 30 July 1999. "This is an enormous win for the company", stated Mr. Perrino, Chairman, "The competition for this program came from companies with far greater assets than Sensys Technologies and the new precision direction finding system adds an exciting capability to our existing state-of-the-art ESM (1) (Enterprise Storage Management) Managing the online, nearline and offline storage within a large organization. It includes analysis of storage requirements as well as making routine copies of files and databases for backup, archiving, disaster recovery, systems." Sensys Technologies designs, develops and manufactures ESM/threat warning systems, airborne imaging systems, communications reconnaissance systems and other special purpose communications equipment serving worldwide markets. Sensys Technologies, through its predecessor companies, has been providing cutting edge technology applications and cost-effective systems solutions for three decades. |
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