Markland Technologies, Inc. (OTCBB: MRKL), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that its subsidiary EOIR Technologies, Inc. (EOIR) has been awarded a SeaPort Enhanced (SeaPort-e) Multiple Award Contract (MAC).
The SeaPort-e contract is designed to provide a full-range of support services for all phases of weapon systems acquisition and life-cycle support including research & development support, prototyping, acquisition logistics, modeling, test & evaluation trials, and engineering support for the Naval Sea Systems Command, Naval Air Systems Command, Space and Naval Warfare Systems Command, Naval Supply Systems Command, Military Sealift Command, Naval Facilities Engineering Command, Strategic Systems Programs, and the United States Marine Corps. The award was made in the SeaPort-e Zone 2 (National Capitol Region), which includes the Naval Surface Warfare Center Dahlgren Division (NSWCDD). EOIR is currently supporting a large system integration effort for NSWCDD.
The U.S. Navy is awarding indefinite-delivery/indefinite-quantity multiple award contracts to 503 contractors under this procurement program. The Government estimates a maximum of $5.3 Billion of services will be procured per year via orders issued under the SeaPort-e multiple award contracts amongst the group of contractors. The awards have a four-year base period with one five-year award term and one additional one-year award term. Contract funds will be obligated at the time of task order award and as such, multiple funding types (with varying expiration dates) may be used, consistent with the purpose for which the funds were originally appropriated by Congress.
"This award is another important step toward the goal Markland has established of extending its customer base within the Navy in general, and within NSWCDD in particular," said Robert Tarini, Markland CEO and Chairman. "We firmly believe this is the beginning of a long and successful relationship between Markland and NSWCDD. Markland is poised to provide its talents to the Navy and feel it is an honor to serve the country by providing this meaningful support."
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed online.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Markland Technologies officials during presentations about Markland Technologies, are ``forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the ``Act''). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as ``expects,'' ``anticipates,'' ``intends,'' ``plans,'' ``believes,'' ``estimates,'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, difficulties integrating our acquisition of EOIR, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission.
Markland Technologies, Inc. is a featured Company on HomelandDefenseStocks.com, a service for which Markland compensates the provider.
Source: Markland Technologies, Inc.