SYS Technologies Awarded $1.78 Million Contract(SAN DIEGO, Feb. 13, 2006) -- SYS Technologies (AMEX:SYS), a leading provider of information connectivity solutions that enable real-time, complex decision-making, announced today that they have been awarded a one-year, $1.78 million prime contract to provide architecture development for the Undersea Warfare Decision Support System (USWDSS). The work will be performed in San Diego.
USWDSS is an integrated, network-centric, command and control capability that operates in near real-time and uses sensor alignment to improve situational awareness. It will give the Navy's fleet the capability to plan and control undersea warfare operations. SYS will develop a configurable, end-to-end architecture to support enhanced battlefield visualization of anti-submarine warfare search capabilities.
The Global Military Electro Optical Infrared (EO/IR) Market 2014-2024
About SYS Technologies
SYS Technologies (AMEX:SYS) is a leading provider of information connectivity solutions that capture, analyze and present real-time information to decision makers. Using interoperable communications software, sensors, wireless networks, 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, including its report on Form SB-2 filed on June 23, 2005, Form 10KSB filed on September 28, 2005 and Form 10Q filed on November 14, 2005.
Edward M. Lake, 858-715-5500
Source : SYS Technologies