Castellum Announces the Award of a $3 million Contract to its Specialty Systems, Inc. Subsidiary
August 29 2023 - 6:45AM
Castellum, Inc. (NYSE-American: CTM) (“Castellum”) announces that
its Specialty Systems, Inc. subsidiary has been awarded a $3
million, 14-month U.S. Navy contract.
With this contract, Castellum furthers the
commitment to its U.S. Navy mission.
“This is an important contract award as it will
permit us to support our U.S. Navy mission customer by maximizing
the readiness of the forces as they address a multitude of global
threats,” said Mark Fuller, President and Chief Executive Officer
of Castellum. “We are constantly looking for opportunities to
leverage our expertise and past performance by creating new ways to
support the national security imperatives of all the Castellum
mission customers.”
About Castellum, Inc.
Castellum, Inc. (NYSE-American: CTM) is a
defense-oriented technology company, which is executing strategic
acquisitions in the cyber security, information technology and
software, information warfare, and electronic warfare and
engineering services space - http://castellumus.com/
Forward-Looking Statements:
This release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements represent the Company’s
expectations or beliefs concerning future events and can generally
be identified by the use of statements that include words such as
“estimate,” “project,” “believe,” “anticipate,” “shooting to,”
“intend,” “plan,” “foresee,” “likely,” “will,” “would,” “appears,”
“goal,” “target” or similar words or phrases. Forward-looking
statements include, but are not limited to, statements regarding
the Company’s expectations for revenue growth and new customer
opportunities, improvements to cost structure, and profitability.
These forward-looking statements are subject to risks,
uncertainties, and other factors, many of which are outside of the
Company’s control, that could cause actual results to differ
materially from the results expressed or implied in the
forward-looking statements, including, among others: the Company’s
ability to compete against new and existing competitors; its
ability to effectively integrate and grow its acquired companies;
its ability to identify additional acquisition targets and close
additional acquisitions; the impact on the Company’s revenue due to
a delay in the U.S. Congress approving a federal budget; and the
Company’s ability to maintain the listing of its common stock on
the NYSE American LLC. For a more detailed description of these and
other risk factors, please refer to the Company’s Annual Report on
Form 10-K and its Quarterly Reports on Form 10-Q and other filings
with the Securities and Exchange Commission (“SEC”) which can be
viewed at www.sec.gov. All forward-looking statements are
inherently uncertain, based on current expectations and assumptions
concerning future events or future performance of the Company.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which are only predictions and speak
only as of the date hereof. The Company expressly disclaims any
intent or obligation to update any of the forward-looking
statements made in this release or in any of its SEC filings except
as may be otherwise stated by the Company.
Contact:
Mark Fuller President and Chief Executive Officer
Contact: info@castellumus.com Phone: (301) 961-4895
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