CENTREVILLE, Va., Dec. 2, 2020 /PRNewswire/ -- Parsons
Corporation (NYSE: PSN) announced today the creation of an
organically developed series of Cloud Native Stream Platforms that
deliver government and commercial customers with capabilities to
meet current and future mission objectives of processing
ever-increasing data volumes. Their scalable nature ensures maximum
cloud resource utilization and performance while reducing costs
associated with infrastructure overhead.
Parsons' cloud platforms have two distributions: Cloud Native
Streaming Platform (CNSP) and Kubernetes Native Stream Platform
(KNSP) to meet each customer's specific mission and cost
requirements. The CNSP is currently operating today within the
nation's Intelligence Community, while KNSP just completed Parsons'
innovative research and development process and is now ready for
distribution.
"Both platforms are affordable, resilient, fault-tolerant, and
scalable while providing extensive and reusable design that
supports any cloud application," said Ron
Alford, space architecture program leader for Parsons.
"Parsons flexibility enables us to leverage best-of-breed
technologies and deliver world-class solutions to our
customers."
CNSP leverages Amazon Web Services (AWS) best practices, managed
service offerings, and open source components, while KNSP uses
Kubernetes container orchestration, open source components and
features a hybrid-cloud deployment between any combination of
on-premises, AWS, and Azure.
Each system monitors real-time IT infrastructure using Parsons'
proprietary framework, allowing users, managers, and customers to
quickly assess system performance while simultaneously visualizing
system health, cloud status, and cost metrics.
The CNSP/KNSP dashboard supports the identification of system
bottlenecks and data flow issues. The Cloud Native design of these
frameworks permits system scaling from small development
requirements to internet-scale, no-fail mission capabilities. Both
platforms' stateless architectures with proprietary automated
self-healing capabilities ensure component failure does not impact
whole system processing, maintaining mission success while enabling
the system's recovery from unforeseen failure automatically.
To learn more about Parsons' cloud capabilities, please visit:
https://www.parsons.com/products/cloud-native-streaming-platform/
About Parsons:
Parsons (NYSE: PSN) is a leading disruptive technology
provider in the global defense, intelligence, and critical
infrastructure markets, with capabilities across cybersecurity,
missile defense, space, connected infrastructure, and smart cities.
Please visit Parsons.com and follow us on LinkedIn and Facebook to
learn how we're making an impact.
Forward-Looking Statements
This presentation contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on our current expectations,
beliefs and assumptions, and are not guarantees of future
performance. Forward-looking statements are inherently subject to
uncertainties, risks, changes in circumstances, trends and factors
that are difficult to predict, many of which are outside of our
control. Accordingly, actual performance, results and events may
vary materially from those indicated in the forward-looking
statements, and you should not rely on the forward-looking
statements as predictions of future performance, results or events.
Numerous factors could cause actual future performance, results and
events to differ materially from those indicated in the
forward-looking statements, including, among others: any issue that
compromises our relationships with the U.S. federal government or
its agencies or other state, local or foreign governments or
agencies; any issues that damage our professional reputation;
changes in governmental priorities that shift expenditures away
from agencies or programs that we support; our dependence on
long-term government contracts, which are subject to the
government's budgetary approval process; the size of our
addressable markets and the amount of government spending on
private contractors; failure by us or our employees to obtain and
maintain necessary security clearances or certifications; failure
to comply with numerous laws and regulations; changes in government
procurement, contract or other practices or the adoption by
governments of new laws, rules, regulations and programs in a
manner adverse to us; the termination or nonrenewal of our
government contracts, particularly our contracts with the U.S.
federal government; our ability to compete effectively in the
competitive bidding process and delays, contract terminations or
cancellations caused by competitors' protests of major contract
awards received by us; our ability to generate revenue under
certain of our contracts; any inability to attract, train or retain
employees with the requisite skills, experience and security
clearances; the loss of members of senior management or failure to
develop new leaders; misconduct or other improper activities from
our employees or subcontractors; our ability to realize the full
value of our backlog and the timing of our receipt of revenue under
contracts included in backlog; changes in the mix of our contracts
and our ability to accurately estimate or otherwise recover
expenses, time and resources for our contracts; changes in
estimates used in recognizing revenue; internal system or service
failures and security breaches; and inherent uncertainties and
potential adverse developments in legal proceedings, including
litigation, audits, reviews and investigations, which may result in
materially adverse judgments, settlements or other unfavorable
outcomes. These factors are not exhaustive and additional factors
could adversely affect our business and financial performance. For
a discussion of additional factors that could materially adversely
affect our business and financial performance, see the factors
included under the caption "Risk Factors" in our Registration
Statement on Form S-1 and our other filings with the Securities and
Exchange Commission. All forward-looking statements are based on
currently available information and speak only as of the date on
which they are made. We assume no obligation to update any
forward-looking statement made in this presentation that becomes
untrue because of subsequent events, new information or otherwise,
except to the extent we are required to do so in connection with
our ongoing requirements under federal securities laws.
Media Contact:
Bryce McDevitt
+1 703.851.4425
Bryce.McDevitt@parsons.com
Investor Relations Contact:
Dave Spille
+ 1 571.655.8264
Dave.Spille@parsons.com
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SOURCE Parsons Corporation