SYS Technologies Announces Defense Network Management Contracts Worth $1.6 Million
10 April 2008 - 10:55PM
Business Wire
SYS Technologies, Inc. (�SYS�) (AMEX: SYS), a leading provider of
information connectivity solutions that enable situational
awareness and real-time collaboration, announced two separate
agreements today with an unnamed secure defense agency to use
dopplerVUE as the management software platform for its networks.
These agreements for both products and services are valued at
approximately $1.6 million. SYS, which recently signed an agreement
to be acquired by Kratos Defense Solutions (Nasdaq: KTOS), noted
that the first agreement, valued at approximately $1.1 million, is
an expansion of the agency�s current relationship with SYS. The
agency currently uses NeuralStar, SYS� flagship network management
solution, as the management platform for their large, enterprise
networks and will now incorporate dopplerVUE into their network
management framework. dopplerVUE has a smaller footprint to better
align with the operational needs of the agency, including use with
their tactical networks. �The expanded relationship pairing
dopplerVUE and NeuralStar is a testament to the underlying
architecture and their respective strengths in meeting both
strategic and tactical objectives," said Cliff Cooke, CEO of SYS
Technologies. "As the nation�s defense comes to rely more and more
upon the net-centered applications and communications, assuring the
reliability and security of these systems is imperative. SYS is
proud to play a role in this essential service.� dopplerVUE is a
next-generation network management tool, integrating fault and
performance with discovery and automated mapping into a single
unified dashboard across devices, applications and services. With
superior visibility and advanced monitoring features, dopplerVUE
brings the power of advanced features to networks directly
supporting the war fighter. The second agreement, a two year
services contract, has a base year for 2008 and an option year for
2009. The base year has a ceiling value of $0.5 million, and calls
for SYS to provide local and on-site engineering support as well as
support for the NeuralStar and dopplerVUE implementations. About
dopplerVUE dopplerVUE is SYS Technologies� network management
solution for smaller and mid-sized organizations and enterprises.
It is an easy to use, quick to install solution that brings
management and monitoring features once available only in expensive
enterprise solutions. Priced and packaged for even small
organizations, dopplerVUE delivers unmatched visibility and
self-aware monitoring that helps overburdened management teams
extend their reach and effectiveness. For more information, visit
www.dopplervue.com. 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. About Kratos Defense & Security
Solutions Kratos Defense & Security Solutions, Inc. (Nasdaq:
KTOS) provides mission critical engineering, IT services and war
fighter solutions for the U.S. federal government and for state and
local agencies. Principle services include C5ISR, weapon systems
lifecycle support, military weapon range and technical services,
network engineering services, advanced IT services, security and
surveillance systems, and critical infrastructure design and
integration. The Company is headquartered in San Diego, California,
with resources throughout the U.S. and in key strategic military
locations. News and information are available at
www.kratosdefense.com. Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements
including, without limitation, expressed or implied statements
concerning the Company�s expectations regarding the timing of
closing of the acquisition, anticipated benefits to be realized
from the acquisition, future financial performance and cash flows
and market developments that involve risks and uncertainties. Such
statements are only predictions, and the Company�s actual results
may differ materially. Factors that may cause the Company�s results
to differ include, but are not limited to: risks that the closing
of the proposed merger between SYS and Kratos will be delayed or
that the conditions to closing will not be satisfied; risks that
the integration will prove more costly, take more time, or be more
distracting than currently anticipated; risks that the transaction
will cause disruption of the Company�s operations and distraction
of its management; risks of adverse regulatory action or
litigation; risks associated with debt leverage; risks that changes
or cutbacks in spending by the U.S. Department of Defense may
occur, which could cause delays or cancellations of key government
contracts; failure to successfully consummate acquisitions or
integrate acquired operations and competition in the marketplace
which could reduce revenues and profit margins. The Company
undertakes no obligation to update any forward-looking statements.
These and other risk factors are more fully discussed in the
Company�s Securities and Exchange Commission filings. Additional
Information In connection with the proposed acquisition of SYS by
Kratos Defense & Security Solutions, Inc. (�Kratos�), Kratos
intends to file with the U.S. Securities and Exchange Commission
(the �SEC�) a registration statement on Form S-4, containing a
joint proxy statement/prospectus and other relevant materials.
INVESTORS AND SECURITY HOLDERS OF KRATOS AND SYS ARE URGED TO READ
THE JOINT PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE
BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT KRATOS, SYS AND
THE ACQUISITION. The joint proxy statement/prospectus and other
relevant materials (when they become available), and any other
documents filed by Kratos or SYS with the SEC, may be obtained free
of charge at the SEC�s web site at www.sec.gov. In addition,
investors and security holders may obtain free copies of the
documents filed with the SEC by Kratos by directing a request to:
Kratos Defense & Security Solutions, Inc., 4810 Eastgate Mall,
San Diego, CA 92121, Attn: Investor Relations, or by going to
Kratos�s corporate website at www.kratosdefense.com. Investors and
security holders may obtain free copies of the documents filed with
the SEC by SYS by contacting SYS Technologies, Inc., 5050 Murphy
Canyon Road, Suite 200, San Diego, CA 92123, Attn: Investor
Relations, or by going to SYS� corporate website at
www.systechnologies.com. Kratos, SYS and their respective executive
officers and directors may be deemed to be participants in the
solicitation of proxies from the stockholders of Kratos and SYS in
favor of the acquisition. Information about the executive officers
and directors of Kratos is set forth in the proxy statement for
Kratos�s 2007 Annual Meeting of Stockholders, which was filed with
the SEC on October 10, 2007. Information about the executive
officers and directors of SYS and their ownership of SYS common
stock is set forth in the proxy statement for SYS�s 2007 Annual
Meeting of Stockholders, which was filed with the SEC on October
29, 2007. Investors and security holders may obtain more detailed
information regarding the direct and indirect interests of Kratos,
SYS and their respective executive officers and directors in the
acquisition by reading the joint proxy statement/prospectus
regarding the acquisition when it becomes available.
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