SYS Technologies Reports Major New Contract Award; New Contract Provides Opportunities for Business Growth at SPAWAR

Business Wire, Sept 29, 2004

SAN DIEGO -- SYS Technologies ("SYS") (OTCBB:SYYS), a provider of engineering, management and information technology consulting services and solutions, today reported that the Space and Naval Warfare Systems Command (SPAWAR) awarded a Major Services Acquisition (MSA) prime contract to a team led by SYS. The potential value for this contract, which has a two-year base period and up to two more years in six-month increments, is estimated at $148.0 million. SYS will compete for individual task orders under this contract with six other firms.

The MSA contract is to provide Engineering, Logistics, Installations, and Test & Evaluation support services to SPAWAR and the Program Executive Office (PEO) for Command, Control, Communications, Computers, Intelligence (C4I) and Space. These services were previously procured under SPAWAR's Program Management Team Omnibus contract. Although there is no specific contract award amount, as individual tasks will be competed, SYS anticipates significant growth opportunities with this award.

The mission of SPAWAR is to develop, acquire and support information systems that enable warfighter decision superiority and business efficiency. Similarly, the mission of PEO for C4I and Space is to acquire, field and support C4I and ground-based space systems following the architecture developed by SPAWAR's Chief Engineer. PEO C4I and Space, SPAWAR headquarters and its strategically integrated systems centers and field activities have a vast resource base of experts committed to supporting this mission.

According to Paul Dorin, Senior VP for Integrated Solutions and MSA Program Manager, "Successfully winning this contract will enable SYS and our entire team of partners the expanded opportunity to provide high quality engineering services to PEO C4I and SPAWAR, its component commands and other Naval commands. We are working closely with SPAWAR to respond to their requirements and help implement Performance Based Contracting on a wider scale."

"This was a very significant win for SYS and further highlights the benefits we are achieving from the strong business development capabilities we have added in the past year," said Cliff Cooke, Chief Executive Officer. "Paul and his team did a great job of coordinating the team members while at the same time being responsive to our customers' needs."

About SYS Technologies

SYS Technologies 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 Technologies is headquartered in San Diego at 5050 Murphy Canyon Road, San Diego, California 92123 and has offices in Oxnard, California and Arlington and Chesapeake, Virginia. For additional information, visit the SYS Technologies web site at http://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 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.