If this isn't the most exciting news Cycomm has ever come out with, I don't know what is. Congratulations to all who stuck it out through the tough times. It looks like our pay day has finally arrived.
Wednesday September 23, 7:30 am Eastern Time
Company Press Release
SOURCE: Cycomm International Inc.
Cycomm to Partner with Lockheed Martin Integrated Systems Inc. on Major Contract
Cycomm Wins Contract to Provide Secure Computing Products and Services
MCLEAN, Va., Sept. 23 /PRNewswire/ -- Cycomm International Inc. (Amex: CYI - news), announced today that its subsidiary, Cycomm Secure Solutions Inc. has been awarded a contract from Lockheed Martin, the prime contractor on the $1.8 billion Rapid Response to Critical Support Requirements (R2CSR) Program.
Cycomm will provide secure computer products, proprietary technologies and vital services to various Defense Department organizations, which will enable these agencies to immediately respond to major occurrences around the world, including critical events that can effect our national security. The ultimate value of Cycomm's portion of the contract is open-ended, since the Company will provide, as required, a series of high level technology-related services and products, over a period of five years. It is anticipated however, that the requisition of specified secure computer products and services will begin by the 4th quarter of 1998, with initial hardware orders estimated to be approximately $600,000.
Cycomm Secure Solutions is one of only eleven (11) companies in the United States that were selected to participate in this prestigious, and vitally important contract. Other companies that will be joining in this project include Logicon, SAIC, and L3. Cycomm Secure Solutions will be the contract's only provider of ''Tempest'' level secured computers and engineering services. ''Tempest'' specifications are a series a rigid computer, transmission, and communication standards adopted by the U.S. government and agencies, to ensure the highest possible level of data protection and secured communications, and require the highest level of security clearance.
Don Gangemi, President and CEO, Cycomm Secure Solutions stated, ''We are proud to have been selected by Lockheed Martin as a partner in this important contract. This award is indicative of our advanced level of technical excellence, pertaining to our proprietary products, as well as our ability to provide services of the highest caliber, under the rigid scrutiny required by government agencies. It is my objective to continue our aggressive growth, in establishing Cycomm Secure Solutions Inc. as a major provider of secured computing and related technologies.''
Albert I. Hawk, President and CEO of Cycomm International Inc., stated ''This represents potentially the single largest award that Cycomm has ever won from a prime contractor to provide a wide range of secured technology products and services. With the award of this contract from Lockheed Martin, and other recent orders, we are uniquely positioned to provide secure computers and related technology equipment and services to the aviation industry, defense agencies, and other governmental departments. We are aggressively pursuing other lucrative opportunities, as both a prime contractor, and joint effort with other industry partners.''
Cycomm International Inc., headquartered in McLean, Virginia, has subsidiaries in Sebastian, Florida; Montreal, Quebec and Albuquerque, New Mexico, which develop and manufacture a variety of information technology products, including rugged and secure computers and computing systems, wireless and cellular devices, secure communications products and various other telecommunications services. It also specializes in secure products and services for state, federal and international governments.
Certain information presented in this release constitutes ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements, including those set forth in the Company's Annual Report on Form 10-KSB. SOURCE Cycomm International Inc.
For further information, contact Albert Hawk, President & CEO or Michael Skoff, CFO of Cycomm International at 800-884-8544 or visit the Cycomm website at www.cycomm.com, or Stan Altschuler, President and Henry Ling of Strategic Growth International, at 516-829-7111 or at SGI@netmonger.com.
SOURCE: Cycomm International Inc.
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