April 08, 2009 09:00 AM Eastern Daylight Time
Homeland Security Capital Corporation Positioned for Stimulus Work
Safety and Ecology Subsidiary Ready to Bid for Stimulus Projects
ARLINGTON, Va.--(BUSINESS WIRE)--Homeland Security Capital Corporation (“HSCC”) (OTCBB:HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief, and security solutions to government and commercial customers, announced today that its environmental remediation subsidiary, Safety and Ecology Corporation (SEC), is positioned to perform stimulus project work having multiple contract vehicles in place.
“I am excited about the opportunity for our company to participate in the stimulus effort by contributing our talent to the various Department of Energy (DOE) projects being funded as well as assisting DOE in meeting its small business goals,” HSCC Chairman and CEO C. Thomas McMillen said.
The DOE announced the site-by-site allocation for the $6 billion provided through the American Recovery and Reinvestment Act for environmental cleanup objectives over the next three years, and 18 sites are to focus on facility decontamination and decommissioning (D&D), soil and groundwater remediation and solid waste disposition efforts.
SEC holds 20 active contracts directly aligned to provide capacity and scope associated with stimulus funds for environmental cleanup. Also, SEC currently holds an existing Indefinite Delivery/Indefinite Quantity (ID/IQ) contract with DOE. Any of these contract vehicles may be utilized by the DOE to complete stimulus project goals including numerous facility D&D projects at the Oak Ridge National Laboratory, Y-12 and the East Tennessee Technology Park.
Headquartered in Knoxville, TN, SEC is a leader in providing D&D and remediation services to all three primary DOE missions at the DOE Reservation in Oak Ridge, TN, which has been estimated to receive $755 million in total funding out of the total $6 billion.
“SEC is prepared and well positioned with resources, experience and current contracts in place to safely and effectively assist the government in the acceleration of D&D and remediation efforts to meet stimulus plan objectives,” said SEC CEO and HSCC President Christopher Leichtweis.
About Homeland Security Capital Corporation
Homeland Security Capital Corporation is a company engaged in the strategic acquisition, development, and consolidation of homeland security-related businesses, within the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. Former Maryland Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland, heads the company.
Homeland Security Capital Corporation’s portfolio of companies include:
Safety and Ecology Corporation (SEC) is a rapidly growing environmental services company in the U.S., providing services nationally, in Europe and the Caribbean. The Company specializes in the removal and remediation of hazardous nuclear materials for the U.S. Department of Energy, U.S. Department of Defense, and other federal agencies. SEC also provides advanced environmental services for private industry across the country and internationally. Since its founding in 1991, SEC has grown approximately 30 percent per year, and has emerged as a technology innovator with more than 450 personnel worldwide and with annual revenues of more than U.S. $70 million. For more information on SEC, visit www.sec-tn.com. |
