SIDY - $800,000 Renewable Contract with DISA
Science Dynamics Wins Contract With Defense Information Systems Agency
Tuesday November 8, 9:33 am ET
PENNSAUKEN, N.J., Nov. 8 /PRNewswire-FirstCall/ -- Science Dynamics Corporation (OTC Bulletin Board: SIDY - News), a provider of advanced technological solutions primarily to government agencies, announced today that its subsidiary Systems Management Engineering, Inc. (SMEI) was awarded a contract from the Defense Information Systems Agency (DISA) for technical and architectural support of high-visibility communications systems. The contract may be worth more than $800,000 in the first year and is renewable annually for up to five years. Revenue under the contract is dependent upon DISA funding the contract.
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Paul Burgess, CEO of Science Dynamics, said, "The combined skill sets of Science Dynamics and SMEI were critical in obtaining this contract. The contract requires Science Dynamics' telecommunication expertise and SMEI's enterprise architecture expertise. The synergies between our two companies are starting to pay off. We believe this high-visibility contract win further validates our ability to provide advanced communication systems to government clients at all levels."
SMEI will analyze DISA's existing communications and provide critical support in the development of a new architecture to satisfy the agency's existing and future needs. Other systems engineering services SMEI will provide under this contract include communications management planning, road map development and implementation planning.
Upon successful completion and renewal of the annual contract, SMEI would support the development of a systems engineering management process, analyze emerging technologies and provide strategic planning for the agency.
About Science Dynamics Corporation
Headquartered in Pennsauken, N.J., Science Dynamics Corporation is a developer of advanced technological solutions with nearly 25 years of experience. The company designs, deploys and manages highly secure advanced technological solutions at key government agencies and mid- to large-sized enterprises. Science Dynamics Corporation's telecommunications solutions are installed in over 30,000 ports throughout 18 countries worldwide. For more information, visit scidyn.com .
About Systems Management Engineering, Inc.
Science Dynamics owns 82% of SMEI. SMEI has developed advanced data management applications, Internet server technology and information systems that it markets to both public and private sectors. SMEI's product, Aquifer, helps its customers reduce development time for projects, manage the deployment of applications across the Internet to desktops around the world and implement military-grade security on all systems where the applications are deployed. For more information about SMEI, visit sysmanagement.com .
An investment profile about Science Dynamics may be found at hawkassociates.com .
For investor relations information regarding Science Dynamics, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com . An online investor relations kit including copies of press releases, current price quotes, stock charts and other valuable information for investors may be found at hawkassociates.com and americanmicrocaps.com .
Forward-Looking Statements: Certain statements made in this press release by Science Dynamics Corporation are forward-looking statements. Although such statements are based on current expectations they are subject to a number of future uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, the acquisition by Science Dynamics Corporation of Systems Management Engineering, Inc. and the successful operation of Systems Management Engineering, Inc. post-acquisition, additional potential acquisitions of Science Dynamics Corporation and the ability of Science Dynamics Corporation to effectively execute its business plan and develop a successful business. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, anticipations or intentions regarding the future. Science Dynamics Corporation assumes no obligation to update information concerning the forward-looking statements contained herein. |
