SteelCloud awarded contract by U.S. Postal Service
SteelCloud, Inc. , a leading engineering and manufacturing integrator of network centric and embedded computing solutions today announced it has re-won a contract valued at over USD 8 million from the U.S. Postal Service Engineering Department for SteelCloud specialized servers. Deliveries will commence in April 2007 and continue for the remainder of the Company's fiscal year which ends October 31, 2007. Under the terms of the agreement, the U.S. Postal Service has an option to purchase additional servers which would result in a total contract value that exceeds USD 10 million.
"We are gratified to have been selected again by the Postal Service for this prestigious and important program," said Clifton W. Sink, SteelCloud President & CEO. "With over 23,000 SteelCloud mail-automation servers already installed throughout the U.S., it is clear that the Postal Service appreciates the value the SteelCloud solution brings to the FRIP program. A key factor in our success has been our engineering innovation. We have designed a patent- pending chassis that protects each server from dust and vibration typical in mail-automation environments.
SteelCloud was initially selected for the FRIP program in December 2006 and has successfully won the re-compete, which stemmed from a protest by a losing bidder early this fiscal year. Due to a change in the solicitation requirements for the re-compete, the overall value of the contract was reduced.
About SteelCloud
SteelCloud is an engineering and manufacturing integrator specializing in network centric and embedded computing solutions for the federal government and independent software vendors. The Company designs and manufactures specialized servers and appliances for federal integrators, software vendors and volume users. For both the government and commercial markets the Company delivers integration services and software focused on service desk, risk management and network management solutions. The Company's ISO 9001:2000 certified Quality Management System provides procedures for continuous quality improvement in all aspects of its business. Over its nearly 20-year history, SteelCloud has won numerous awards for technical excellence and customer satisfaction. SteelCloud can be reached at 703-674-5500. Additional information is available at http://www.steelcloud.com/. Email: [email protected]
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the computer industry and general economy; competitive factors; ability to attract and retain personnel, including key sales and management personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q; and any reports on Form 8K. SteelCloud takes no obligation to update or correct forward-looking statements.
CONTACT: Investors, marketing, William D. Hughes of SteelCloud,
+1-703-674-5560, [email protected]
