ICTI Awarded Sole-Source Contract by Space and Naval Warfare Systems Command
SAN DIEGO--(BUSINESS WIRE)--May 18, 2000--Innovative Communications Technologies Inc. (ICTI), a subsidiary of Advanced Remote Communication Solutions (ARCOMS) (OTCBB:BTRK - news), announced today that it has been awarded a sole-source contract by the Space and Naval Warfare Systems Command (SPAWAR) to supply satellite network controllers.
The contract also includes associated engineering services for the automated management of satellite resources and satellite communications equipment, including Inmarsat Saturn B terminals.
ICTI is a global leader in the multi-platform design, implementation and management of bandwidth-efficient, multimedia satellite networks, including Internet, voice, fax, data and video applications.
According to SPAWAR, ICTI was chosen as the sole-source provider because the company is ``the only known source that can provide the equipment and engineering services required and meet the Government's delivery requirements for equipment to be used in the Joint Warfare Interoperability Demonstration (JWID) during July 2000.''
``We are extremely pleased with the Navy's recognition of our superior technological capabilities and ability to provide them with cost-effective satellite solutions,'' stated Moe Abutaleb, president of ICTI. ``This contract represents an excellent opportunity to further expand our applications and solutions in maritime markets.''
About ARCOMS
Advanced Remote Communication Solutions Inc. (ARCOMS) is a global technology company delivering innovative and proprietary solutions to customers in specific markets for their remote information needs through its various business entities: Boatracs, Enerdyne Technologies Inc., and Innovative Communications Technologies Inc. (ICTI).
ARCOMS' products and services include customized software applications; cost-effective satellite communications solutions; near real-time vessel tracking; bandwidth-efficient, multimedia satellite networks; e-mail technology; state-of-the-art, real-time video compression products; multiplexing equipment; and video monitoring services. ARCOMS' client base includes users within the government, transportation, military, marine, telecommunications, and commercial markets.
Headquartered in San Diego, ARCOMS has offices in Santee, Calif.; Gulfport, Miss.; Gaithersburg, Md.; and Leiden, the Netherlands. For more information about ARCOMS and its business units, visit www.arcoms.com.
Legal Disclosure
Statements within this news release which are not historical facts, including statements about strategies and expectations for new and existing products, technologies, and opportunities are forward-looking statements that involve risks and uncertainties. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, those set forth in the risk factors identified in the company's filings with the Securities and Exchange Commission, particularly its Form 10-KSB for the year ended 12/31/99. The company undertakes no obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events.
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Contact:
ICTI
Jeff Jacobson, 301/948-4841 ext. 102
jeff.jacobson@icti.com
or
ARCOMS
Marissa Marsala, 858/657-0124 (Direct Line)
800-336-8722
mmarsala@arcoms.com
or
Andrea Galbo, 858/657-0127 (Direct Line)
800-336-8722
agalbo@arcoms.com |
