Business Services Industry
Versar Awarded $3.78 Million Air Force SATOC Task Order
Business Wire, Sept 23, 2008
SPRINGFIELD, Va. -- Versar, Inc. (AMEX:VSR) announced today the United States Air Force Civil Engineer Support Agency has awarded Versar a one year, $3.78 million contract to modify the Heating Ventilation and Air Conditioning (HVAC) system in an aircraft corrosion control facility at Robins Air Force Base, GA. The contract tasks Versar to provide energy savings by recirculating conditioned air to the corrosion control process. This is an energy conservation improvement program project.
Dr. Ted Prociv, Versar's President and CEO stated, "This is a significant milestone for Versar. It is our first success in the Sustainment, Restoration, and Modernization Task Order Contract (SATOC) vehicle held by the Johnson Controls Federal Systems/ Versar joint venture. This award is the first major tangible result of the investment we made in our U.S. based construction management business. I expect many more awards in the coming months."
VERSAR, INC., headquartered in Springfield, VA, is a publicly held international professional services firm supporting government and industry in national defense/homeland defense programs, environmental health and safety and infrastructure revitalization. VERSAR operates a number of web sites, including the corporate Web sites, http://www.versar.com, http://www.homelanddefense.com, and http://www.geomet.com; and a B2B portal for homeland defense products and services, http://www.viap.com and http://www.dtaps.com.
This press release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended June 29, 2007. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.
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