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SYS Technologies Announces $750,000 Phase II SBIR Project; Selection of The Assessment Profiling System -TAPS-.

Business Editors/High-Tech Writers


SYS Technologies ("SYS") (OTCBB:SYYS), a provider of engineering management and information technology consulting services and solutions, announced today selection of The Assessment Profiling System ("TAPS") for a $750,000 Phase II Small Business Innovative Research ("SBIR") project awarded by the Naval Air Systems Training Division of the Naval Air Systems Command ("NAVAIR"). This follows the successful completion of a previously funded Phase I SBIR grant from NAVAIR. TAPS is a decision support system that uses an easy to understand display for graphically visualizing progress towards readiness goals.

According to Ken Regan, SYS senior vice president for integrated information solutions, "The objective of this Phase II SBIR is to provide an analytical data model and automated database access capability to quantify and visualize key aspects of the Naval Aviation Readiness Integrated Improvement Program (NAVRIIP). This program is designed to monitor all aspects of Naval air readiness and training, a very high level Naval initiative within the overall DoD infrastructure transformation."

"We see this as a logical extension in the development of the TAPS solution, added Cliff Cooke, chief executive officer. "This is our first major outgrowth of a product originally targeted to support operational commanders in the field. Our TAPS product, together with the recently added 'XIS' real time data management system from the recent acquisition of Polexis, provides SYS with a Web-based common operating picture and decision support system. This is a unique capability we can offer our customers in the DoD industry as well as for potential commercial opportunities."

In addition, TAPS can incorporate cost-benefit tradeoffs to compare alternative training and maintenance contributions to Naval Aviation cost-wise readiness objectives. SYS will use the TAPS Internet browser application to display the degree of system readiness and enhance situation awareness of aviation maintenance readiness by Naval decision makers. Ultimately, the decision support system application will be invaluable for making aviation maintenance readiness decisions and weighing management alternatives for funding of maintenance training, simulator repairs, hardware and software updates and new equipment purchases.

SYS has provided engineering, technical, financial and management services to commercial and U.S. government customers since 1966. It currently has several multiple-year management and engineering service contracts with the U.S. Navy and General Services Administration. The company is publicly traded (OTCBB:SYYS). SYS has headquarters in San Diego at 5050 Murphy Canyon Road, San Diego, Calif. 92123 and has offices in Oxnard, Calif. and Arlington and Chesapeake, Va. For additional information, visit the SYS Web site at

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 market 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.
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Publication:Business Wire
Geographic Code:1USA
Date:May 13, 2004
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