HERNDON, Va., Feb. 28, 2013 /PRNewswire/ -- Sysorex Government Services, Inc. (Sysorex), a leading information technology solutions and services company and wholly owned subsidiary of Sysorex Global Holdings Corp. (SYRX.PK), announced today that they have received a multi-million dollar contract as a small business Prime Contractor on the Space and Naval Warfare Systems Center (SSC) Atlantic Business and Force Support (BFS) contract. The potential cumulative value across all awardees of this indefinite delivery/indefinite quantity (IDIQ) multi-award contract is $250 million if all options are exercised.
"This award provides Sysorex with a strategic contract vehicle to provide critical services to our current and future customers," said Nadir Ali, CEO of Sysorex Government Services, Inc. "We have assembled a team that will focus on utilizing this contract to deliver the latest technologies that maximize productivity, efficiency and security for DoD and U.S. Government clients worldwide."
Sysorex will deliver services to support mission-essential business operations and other business and force support functions by developing, delivering and supporting systems and applications in the functional areas of Acquisition, Financial Management, Civilian Personnel, Legal, Administration, Military Manpower and Personnel, Logistics (includes Facilities, Environmental, Material, and Supply Management), Training & Education, Medical, Travel, Strategic Planning, Base Facility Support, and Security Systems.
The BFS Portfolio encompasses the improvement of network, system, and security services, and providing cost-wise paths for upgrading systems to provide enhanced capabilities, scalable to large enterprises, based on recognized quality standards. Tasks will include efforts to transition customers to enterprise solutions using state-of-the-art technologies promoting operational efficiency and flexibility while reducing long-term sustainment costs.
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of Sysorex (the Company), statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be canceled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the Company's expectations and estimates.
SOURCE Sysorex Global Holdings Corp.