Electronic Control Security, Inc. Awarded U.S. Navy Prime Contract
February 22 2013 - 9:30AM
Marketwired
Electronic Control Security, Inc. (OTCBB: EKCS) (ECSI), a global
leader in state-of-the-art integrated entry control and perimeter
security systems, today announced receipt of a prime contract award
from the Department of the Navy, Space and Naval Warfare Systems
Center Atlantic (SPAWAR).
Arthur Barchenko, President & CEO, stated, "ECSI is excited
to be part of SPAWAR's acquisition strategy during the coming
years. This contract provides ECSI the opportunity to expand its
services business into a major growth area. We are looking forward
to establishing a presence in Charleston, [South Carolina] and
developing a strong working relationship with our partners and the
customer."
Mr. Barchenko added further that, "As a small business prime
with a strong team of subcontractors, we expect to capture at least
10% of the task orders issued under this contract."
The contract ceiling is $249,590,000 and includes a base year
period of performance and four one-year options. There are 13
awardees under the contract. The scope of this contract covers the
entire spectrum of non-inherently governmental services and
solutions (equipment and services) associated with the full system
lifecycle support including research, development, test,
evaluation, production and fielding of sustainable, secure,
survivable, and interoperable Command, Control, Communications,
Computers, Combat Systems, Intelligence, Surveillance,
Reconnaissance (C5ISR), information operations, Enterprise
Information Services (EIS) and space capabilities.
About ECSI ECSI is a global leader in
entry control and perimeter security and a quality provider to the
Department of Defense, Department of Energy, nuclear power
stations, and other large commercial-industrial complexes. The
Company designs, manufactures and markets physical electronic
security systems for high-profile, high-threat environments
utilizing risk assessment and analysis to determine and address the
security needs of its customers. Teaming agreements with major
system integrators enable ECSI to support the installation and
aftermarket of its products in the U.S. and overseas. ECSI is
located at 790 Bloomfield Avenue, Bldg. C-1, Clifton, NJ 07012.
Tel: 973-574-8555; Fax: 973-574-8562. For more information on ECSI
and its customers, please visit
http://www.ecsiinternational.com.
ECSI INTERNATIONAL, INC. SAFE HARBOR STATEMENT: This press
release contains forward-looking statements that involve
substantial uncertainties and risks. For example, the contract
referenced above is an Indefinite Delivery Indefinite Quantity
("IDIQ") contract, and the work to be performed under it will be
awarded to multiple teams on individual task orders on a
competitive basis. There is no assurance that ECSI will be awarded
work under any task orders on the contract. These forward-looking
statements are based upon our current expectations, estimates and
projections about our business and our industry and reflect our
beliefs and assumptions based upon information available to us at
the date of this release. We caution readers that forward-looking
statements are predictions based on our current expectations about
future events. These forward-looking statements are not guarantees
of future performance and are subject to risks, uncertainties and
assumptions that are difficult to predict. Our actual results,
performance or achievements could differ materially from those
expressed or implied by the forward-looking statements as a result
of a number of factors, including but not limited to changes in
economic conditions generally and in our industry specifically,
timely delivery by us of the purchase orders and timely receipt by
us of payment in respect of such orders, acceptance of our
proposals, changes in security technology, receipt and timing of
collections from purchase orders, legislative or regulatory changes
that affect us, the availability of working capital, changes in
costs and the availability of goods and services, the introduction
of competing products, changes in our operating strategy or
development plans, sufficiency of cash reserves and the risks and
uncertainties discussed under the heading "RISK FACTORS" in Item 1A
of our Annual Report on Form 10-K for the fiscal year ended June
30, 2012 and in our other filings with the Securities and Exchange
Commission. We undertake no obligation to revise or update any
forward-looking statement for any reason.
FOR CONTACT: Daryl Holcomb (973) 574-8555
Electronic Control Secur... (CE) (USOTC:EKCS)
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