Allied Research: VSK CONTRACTS FOR $6.9M
ALLIED RESEARCH CORPORATION
8000 TOWERS CRESCENT DRIVE, SUITE 750
VIENNA, VIRGINIA 22182
CONTACT: SUSAN URBANIAK (800) 847-5322
HOME PAGE: WWW.CFONEWS.COM\ALR
TICKER SYMBOL: ALR-AMERICAN STOCK EXCH.
"NEWS RELEASE"
ALLIED RESEARCH'S ELECTRONIC SECURITY UNIT RECEIVES CONTRACTS FOR $6.9 MILLION
VIENNA, VIRGINIA, MAY 19, 1998- ALLIED RESEARCH CORPORATION (AMEX:ALR), A
DIVERSIFIED DEFENSE AND COMMERCIAL ELECTRONIC SECURITY FIRM, SAID TODAY THAT
ITS VSK GROUP HAS RECEIVED A $4.5 MILLION CONTRACT FROM THE BELGIAN POST
OFFICE TO PROVIDE ADVANCED TECHNOLOGY ELECTRONIC SECURITY FOR 500 POST OFFICES
LOCATED THROUGHOUT BELGIUM AND A $2.4 MILLION CONTRACT FOR A MAJOR
INTERNATIONAL HOTEL EXPANSION.
THE CONTRACTS CALL FOR THE INSTALLATION OF SOPHISTICATED INTRUSION PROTECTION
SYSTEMS, WITH THE POST OFFICE SYSTEM TO BE INSTALLED OVER A THREE YEAR PERIOD,
BEGINNING IN MAY 1998 AND THE HOTEL SYSTEM COMPLETED IN 1998.
IN CONNECTION WITH THE POST OFFICE PROJECT, VSK GROUP WILL ALSO BE RESPONSIBLE
FOR DEDICATING A PERFORMANCE ASSURANCE TEAM, RESPONSIBLE FOR MAINTAINING THE
SYSTEMS AT THE HIGHEST LEVEL, PROVIDING COMPLETE TECHNICAL SYSTEMS SUPPORT AND
SUGGESTING AND IMPLEMENTING SYSTEMS AND PRODUCT IMPROVEMENTS AS REQUIRED.
FURTHER, LONG-TERM MAINTENANCE AGREEMENT IS EXPECTED TO ADD SIGNIFICANTLY TO
VSK'S REVENUE BASE.
ACCORDING TO J.R. SCULLEY, CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF ALLIED
RESEARCH, THE POST OFFICE CONTRACT WAS WON AFTER AN EXTENDED EVALUATION BY THE
BELGIAN POST OFFICE AUTHORITIES OF COMPETING TECHNOLOGY AND SERVICE
CAPABILITIES.
"THE SELECTION OF VSK GROUP MEANS THE BELGIAN POST OFFICE WILL HAVE THE LATEST
ELECTRONIC SECURITY PRODUCTS AND A CONTINUING SERVICE COMMITMENT THAT PROMISES
CONSTANT ATTENTION TO THE CUSTOMER'S NEEDS."
ALLIED RESEARCH CORPORATION IS A DEFENSE AND ELECTRONIC SECURITY FIRM. ITS
OPERATING UNITS DEVELOP AND PRODUCE AMMUNITION AND WEAPON SYSTEMS; SUPPLY
EQUIPMENT PERFORMANCE UPGRADES FOR DEFENSE DEPARTMENTS WORLDWIDE; AND DESIGN,
PRODUCE AND MARKET SOPHISTICATED ELECTRONIC SECURITY AND ACCESS CONTROL
SYSTEMS.
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