VSE Unit Awarded Nationwide Social Security Administration Network Maintenance Subcontract
ICRC Will Provide Relocation and Installation Services for SSA LANs Across the Country - Five-Year Subcontract Represents Potential ICRC Revenues in Excess of $1.0 Million
Integrated Concepts and Research Corporation (ICRC), a wholly owned subsidiary of VSE Corporation (Nasdaq:VSEC), announced today the recent award of a subcontract to provide relocation and installation services for Local Area Networks (LANs) throughout the Social Security Administration (SSA). Under the contract, ICRC will relocate existing LANs and all related equipment when an SSA office is moved to a new location, as well as install new LANs when a new office is opened.
This nationwide contract was awarded to the team of Prism Pointe Technologies and ICRC. Prism Point will provide the SSA's approximately 1,700 offices with a 24-7 help desk and on-site technical assistance for LAN maintenance and repairs. Prism Point also will handle a small number of the LAN relocations. The contract has a one-year base and four one-year option periods.
ICRC's relocation services will include de-installing each LAN from its existing location, transporting the equipment, re-installing the LAN at the new location, and ensuring operational status. ICRC also will oversee the relocation of all associated equipment, including servers, routers, workstations, copiers, printers and fax machines. Additionally, ICRC will perform individual workstation relocations, when employees move from one office to another.
ICRC has a strong track record in enterprise IT services. For more than five years, ICRC has provided assistive technologies help desk support and equipment relocation services to SSA employees with disabilities. Additionally, the company has provided a wide range of enterprise IT solutions and services to the U.S. Corps of Engineers, including system engineering and network administration.
"We are excited about this opportunity to extend our enterprise IT support within the Social Security Administration," said ICRC President Carl Williams. "Our staff provides top-notch technical services, and this new contract is a testament to the superior service they have provided the SSA."
ICRC is a diversified technical and management services company that serves the government market. The company's core expertise lies in information technology, advanced vehicle technology, aerospace, engineering and transportation infrastructure. ICRC combines this industry expertise with a strong track record in project management, research, testing, analysis, purchasing and implementation. The company's corporate office is located in Alexandria, VA, and it also maintains offices in Chantilly, VA, Sterling Heights, MI, Huntsville, AL, Vicksburg, MS, and Anchorage, AK. For more information about ICRC's services and products, please see ICRC's web site at www.ICRCsolutions.com or contact Corporate Vice President Kevin Mulrenin at (586) 799-1795.
VSE provides diversified services to the engineering, energy and environment, defense, and homeland security markets from locations across the United States and around the world. For more information on VSE business units, services and products, please see the Company's web site at www.vsecorp.com or contact Len Goldstein, Director of Business and New Product Development, at (703) 317-5202.
This news release contains statements which, to the extent they are not recitations of historical fact, constitute "forward looking statements" under federal securities laws. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward looking statements in this news release, see VSE's public filings with the Securities and Exchange Commission.
Source: VSE Corporation
Released December 18, 2007