Business Services Industry
SYS Technologies Awarded $10.0 Million Contract to Provide Engineering and Technical Services
Business Wire, May 11, 2005
SAN DIEGO -- SYS Technologies, (AMEX: SYS), a leading provider of engineering, management and information technology services and solutions to industrial and U.S. government customers, announced today that it has been awarded a contract valued at up to $10 million. SYS will be providing technical and engineering services to Naval Surface Warfare Center, Crane Division. The work will be performed over a five year period.
Cliff Cooke, Chief Executive Officer of SYS, said, "This contract award reflects continuing growth and strength in our core defense services business. Our ability to secure additional work in this area is a reflection of our established reputation for technical expertise and our track record of strong results for our customers."
About SYS Technologies
SYS Technologies (AMEX: SYS), is a leading provider of real-time decision support capabilities to the U.S. Federal government and large industrial customers. SYS Technologies' expertise is in real time sensor capture, communications, applications development, integration and data visualization which forms the basis of its current success and future growth.
It customizes this expertise to the needs of its customers. For the Department of Defense (DoD), we provide command and control systems to operational commanders. For the U.S. Department of Homeland Security and various state agencies, it provides real-time safety and security products and services, including sensor networking products and end-to-end solutions. For large industrial customers in the telecommunications, utilities, construction, chemical, and biomedical industries, its products and services are used to intelligently and profitably manage remote assets.
SYS is headquartered in San Diego at 5050 Murphy Canyon Road, San Diego, California 92123 and has principal offices in California, Virginia and Washington, DC. 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 the 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, including its report on Form 10QSB filed on November 4, 2004.
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