Summit Research Awarded $3.2 Million USASMDC Contract; Potential Value Estimated at $24.4 Million If All Options Exercised.HUNTSVILLE, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. . -- Digital Fusion, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DIGF DIGF Dalian International Garment Fair ), an information technology ("IT") and engineering services provider, today announced that one of the Company's operating divisions, Summit Research Corporation ("Summit/DFI"), was recently awarded a $3.2 million contract by the U.S. Army Space and Missile Defense Command Space and Missile Defense Command (SMDC) is a specialized major command within the United States Army. The SMDC is an organization composed of five components:
Under the terms of this award, Summit/DFI will support the Advanced Technology Directorate of USASMDC by providing highly-integrated capability for the design, analysis, and testing of sensors and airborne sensor and weapons platforms. This experience will be leveraged to provide capabilities and components that can be transitioned into current development and acquisition programs. The Advanced Technology Directorate of USASMDC is advancing critical technologies that can feed into thrust areas identified by the Program Executive Office, Air, 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 (PEOASMD). This effort will benefit the Government by providing technologies in the categories of Weapons Technologies, Sensor Technologies, and Airborne Sensor Technologies. About Digital Fusion Digital Fusion is an information technology and engineering services company that helps its customers make the most of technology to meet their business needs. Digital Fusion's IT Services division provides solutions to both government and commercial customers, focused in the following areas: Business Process Automation, Application Development and Data Management, Application Security, Web Portals See portal. and Digital Dashboards (software) digital dashboard - A personalised desktop portal that focuses on business intelligence and knowledge management. Microsoft's version has a launch screen including stock quotes, voice mail and e-mail messages, a calendar, a weather forecast, traffic information, , System Integration and IT Support. Digital Fusion's Engineering Services division supports a variety of customers with state-of-the-art solutions that include: Computational Aerodynamics/CFD; Optical Systems Design, Development and Test; Thermo/structural Dynamics; Models and Simulations; Hardware-in-the-Loop Testing; Program Analysis; and Ground/Flight Planning, Execution, and Data Analysis. Based in Huntsville AL, Digital Fusion also has offices in Washington D.C., Orlando, and New Jersey. For additional information about Digital Fusion visit http://www.digitalfusion.com. Forward Looking Statements. All statements other than statements of historical fact included in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . When used in this release, words such as "project", "anticipate," "believe," "estimate," "expect," "plan", "intend" and similar expressions, as they relate to the Company or its management, as well as assumptions made by and information currently available to the Company's management, identify forward-looking statements. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors including, but not limited to: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties, the Company's dependence on continued funding of U.S. government programs; contract procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees, and material changes in laws or regulations applicable to the Company businesses. Such statements reflect the current views of the Company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the operations, results of operations, growth strategy and liquidity of the Company. These statements reflect the Company's current beliefs and are based upon information currently available to it. Be advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time. |
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