SYS Technologies Inc. (�SYS�) (AMEX:SYS), a leading provider of information connectivity solutions that enable real-time, complex decision-making, announced it has been awarded follow-on contracts from two customers: the U.S. Navy for $7.2 million in tasking and Volkswagen of America, Inc. for an $800,000, three-year contract. Cliff Cooke, President and CEO of SYS, said, �Our customers continue to recognize our excellent performance and customer service by extending existing contracts and exercising option years. This customer satisfaction is the strongest possible reflection on the expertise and dedication of our staff. We believe these are critical programs, and we are confident our teams will continue to provide unparalleled support to our customers.� The U.S. Navy tasking includes two separate awards. The first is a $4.0 million option year on a Navy Space and Naval Warfare System Command (SPAWAR) contract. SYS will continue to perform assessments and requirements analyses in support of FORCEnet, the Navy�s operational construct and architectural framework, and Space and Electronic Warfare engineering projects. The second is a $3.2 million order from the Naval Sea Systems Command�s (NAVSEA) Naval Surface Warfare Center Division at Port Hueneme, California, for technical and management services. This award represents the third of four option years on the SEAPORT Enhanced Multiple Award Contract. SYS will continue to provide a broad range of comprehensive engineering, technical and programmatic support services. Volkswagen of America, Inc. has awarded SYS an $800,000 three-year follow-on contract to develop and maintain an intranet site for dealership sales, service and parts personnel. Volkswagen�s intranet site, www.vwwebsource.com, is a central reference site that provides extensive, up-to-date information on current vehicle models and archives of information on previous models for access by dealership personnel throughout the United States and Canada. SYS works closely with corporate Volkswagen personnel to create assets and post data to the site on an as-needed basis. Updates are implemented, often daily, based on changes to product information. 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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