HDRN Hadron Subsidiary Awarded $1.4 Million NAVSEA Contract
ALEXANDRIA, Va., Oct. 18 /PRNewswire/ -- Hadron, Inc.
(OTC Bulletin Board: HDRN) today announced that its Avenue Technologies, Inc.
subsidiary (ATI) has been awarded a three-year, $1.4 million prime contract
for management, engineering and technical services in support of the U.S.
Navy's Naval Sea Systems Command's (NAVSEA's) Program Executive Office Theater
Surface Combatant (PEO TSC) organization.
ATI's President, George Tonn, said, "We look forward to providing NAVSEA
with a superior level of service on the PEO TSC program. We believe ATI's
professional expertise will be of exceptional value to our new client."
Sterling Phillips, Hadron's President and CEO, added, "We are pleased that
Hadron was chosen as the prime contractor for this program. One key aspect of
Hadron's future growth is to win awards of this nature -- meeting the rapidly
growing needs of an expanding base of defense, intelligence and biodefense
clients."
ATI personnel will provide support services in the areas of program
management, acquisition planning, and financial management and analysis.
Specifically, support will include the tracking of funds within appropriations
and assistance in the development of budget execution analysis consistent with
NAVSEA established policies and procedures. ATI will also assist in
facilitating the liaison function between PEO TSC and other program offices
and sponsors to insure timely and comprehensive resolution of program issues.
Hadron specializes in developing intelligence and biodefense solutions in
support of our Nation's security. Hadron focuses on developing innovative
technical solutions for the intelligence community, analyzing and supporting
defense systems and developing medical defenses and treatments for Anthrax and
other toxic agents used in biological warfare and terrorism. The Company's
stock trades on the OTC Electronic Bulletin Board under the symbol HDRN.
Hadron can be found on the Internet at hadron.com . Hadron
investor relations can be contacted at 703-329-9400 x311 or via email at
agordon@hadron.com.
Except for the historical information contained herein, this press release
contains forward-looking statements within the meaning of Section 21E of the
Securities and Exchange Act of 1934, as amended, that involve a number of
risks and uncertainties. These forward-looking statements may be identified
by reference to a future period by use of forward-looking terminology such as
"anticipate," "expect," "could," "intend," "may" and other words of a similar
nature. There are certain important factors and risks that could cause
results to differ materially from those anticipated by the statements
contained herein. Such factors and risks include business conditions and
growth in the information services, engineering services, software
development, medical research and government contracting arenas and in the
economy in general. Competitive factors include the pressures toward
consolidation of small government contracts into larger contracts awarded to
major, multi-national corporations; and the Company's ability to continue to
recruit and retain highly skilled technical, managerial and sales/marketing
personnel. Other risks may be detailed from time to time in the Company's
filings with the Securities and Exchange Commission. Hadron undertakes no
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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SOURCE Hadron, Inc.
-0- 10/18/2001
/CONTACT: Amber Gordon or George Tonn, +1-703-329-9400, both of Hadron,
Inc./
/Web site: hadron.com
(HDRN)
CO: Hadron, Inc.; U.S. Navy; Avenue Technologies, Inc.; U.S. Navy Naval Sea
Systems Command Program Executive Office Theater Surface Combatant
ST: Virginia
IN: CHM CPR OTC
SU: CON
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