SYS Technologies Receives Five-Year U.S. Navy Contract
07 Août 2007 - 2:00PM
Business Wire
SYS Technologies, Inc. (�SYS�), a leading provider of information
connectivity solutions that enable real-time, complex
decision-making, announced today it has been awarded a prime
contract with a value up to $17 million over five years (one base
year; four option years) from the Naval Facilities Engineering
Command (NAVFAC) in Washington D.C. SYS has been selected to
provide life cycle project management services to support the
NAVFAC Expeditionary Program Office (NEPO) in several of its
initiatives. Most notable is its re-engineering effort to replace
several technologically obsolete systems. The new �system of
systems� provides global asset management capabilities to the Navy
Expeditionary Combat Enterprise (NECE) as well as improved total
requirements life cycle and decision support capabilities to NEPO
logisticians. It combines commercial-off-the-shelf packages and
NAVFAC web applications, including the Table of Allowance
Assessment Reporting System (TOAARS), to create a comprehensive
enterprise asset management system. �We are looking forward to
leveraging our long and distinguished track record as a primary
developer of TOAARS and key provider of program management support
to the NAVFAC NXR4L re-engineering project,� said Cliff Cooke,
Chief Executive Officer of SYS. �Our experience placed SYS in
position to expand our efforts to support the NECE knowledge
management requirements.� About SYS Technologies SYS (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,
other government agencies and to commercial companies. Using
interoperable communications software, sensors, digital video
broadcast and surveillance technologies, wireless networks, network
management, 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 is
headquartered in San Diego and has principal offices in California
and Virginia. 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 filings.
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