SRA Announces Technology Development Agreement With In-Q-Tel to Enhance ORIONMagic(R) Capabilities for U.S. Government Customers
April 19 2004 - 9:00AM
PR Newswire (US)
SRA Announces Technology Development Agreement With In-Q-Tel to
Enhance ORIONMagic(R) Capabilities for U.S. Government Customers
FAIRFAX, Va. and ARLINGTON, Va., April 19 /PRNewswire-FirstCall/ --
SRA International, Inc. , a leading provider of information
technology services and solutions to federal government
organizations, and In-Q-Tel, the independent non-profit venture
capital group funded by the Central Intelligence Agency, today
announced a deal to enhance the capabilities of the ORIONMagic(R)
knowledge management system for U.S. Government customers. A
powerful and easy to use suite of tools, the ORIONMagic product is
a knowledge management system that supports the collection,
analysis, and reporting of information. It enables users to cull
through gigabytes of information and store the most relevant
pieces, thereby providing more efficient analysis of complex
information. The tool organizes data into a hierarchical structure
that lends itself to effective reporting, storing, and
distribution. ORIONMagic is currently in use at many global law
enforcement organizations and U.S. government agencies, including
the Departments of Defense and Justice. "There is an urgent need to
be able to capture and extract information that can be organized
and expanded on the fly. SRA's technology provides capabilities
that can solve this problem," said Gilman Louie, CEO of In-Q-Tel.
"We are pleased to work with In-Q-Tel to customize ORIONMagic to
meet the specific needs of these government customers," said Jim
McClave, SRA Vice President and Director, Orion Center for
Counterterrorism, Counterintelligence, and Law Enforcement.
"ORIONMagic enables users to conduct complex research, collect and
analyze vast amounts of information, and collaborate, track, and
share information with team members." About In-Q-Tel In-Q-Tel is a
private, independent, enterprise funded by the CIA. Launched in
1999, In-Q-Tel's mission is to identify and invest in companies
developing cutting-edge technologies that serve United States
national security interests. Working from an evolving strategic
blueprint that defines the CIA's critical information technology
needs, In-Q-Tel engages with entrepreneurs, established companies,
researchers and venture capitalists to deliver technologies that
pay out in superior intelligence capabilities for the CIA and the
larger Intelligence Community. For more information visit
in-q-tel.org. About SRA International, Inc. SRA is a leading
provider of information technology services and solutions to
clients in national security, civil government, and health care and
public health. SRA services include strategic consulting; systems
design, development, and integration; and outsourcing and
operations management. The Company also delivers business solutions
for text and data mining, contingency and disaster response
planning, information assurance, environmental strategies and
technology, enterprise architecture, network operations and
management, enterprise systems management, and wireless
integration. FORTUNE(R) magazine has chosen SRA as one of the "100
Best Companies to Work For" for five consecutive years. The
Company's 3,200 employees serve clients from its headquarters in
Fairfax, Virginia, and offices across the country. For additional
information on SRA, please visit http://www.sra.com/. ORIONMagic is
a registered trademark of SRA International, Inc. Any statements in
this press release about future expectations, plans, and prospects
for SRA, including statements containing the words "estimates,"
"believes," "anticipates," "plans," "expects," "will," and similar
expressions, constitute forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those indicated by such
forward-looking statements as a result of various important
factors, including: our dependence on our contracts with federal
government agencies, particularly within the U.S. Department of
Defense, for substantially all of our revenue, our dependence on
our GSA schedule contracts and our position as a prime contractor
on government-wide acquisition contracts to grow our business, and
other factors discussed in our Annual Report on Form 10-K for the
fiscal year ended June 30, 2003 filed with the Securities and
Exchange Commission (SEC) on September 29, 2003 and our latest
quarterly report on Form 10-Q filed with the SEC on February 13,
2004. In addition, the forward-looking statements included in this
press release represent our views as of April 19, 2004. We
anticipate that subsequent events and developments will cause our
views to change. However, while we may elect to update these
forward-looking statements at some point in the future, we
specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing our views as of any date subsequent to April 19, 2004.
DATASOURCE: SRA International, Inc. CONTACT: Laura Luke of SRA
International, Inc., +1-703-803-1856, Web site: http://www.sra.com/
http://www.in-q-tel.org/
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