MCLEAN, Va., Feb. 14, 2011 /PRNewswire/ -- ATS Corporation ("ATSC" or the "Company") (NYSE Amex: ATSC), a leading information technology company that delivers innovative technology solutions to government and commercial organizations, today announced it has been awarded a new contract totaling $19.5 million over a five-year term with the U.S. Department of Homeland Security ("DHS") Science and Technology ("S&T") Directorate. Under this contract, ATSC will support DHS initiatives to secure our nation's borders against smuggling, illegal trafficking, and terrorism by providing the Border Technology Test Bed ("BTTB") controlled environment that enables the government to determine various technologies' utility and effectiveness in detecting, tracking, classifying, and responding to threats along the terrestrial and maritime border. Cutting-edge technology services such as integration of Micro Unmanned Aerial Vehicle ("UAV") data, and installation and assessment of Automated Scene Understanding ("ASU") sensor fusion capability are included under this contract.
"ATSC is pleased to have been entrusted by DHS with this opportunity to build on our history of delivering border security technology services," stated ATSC Co-Chief Executive Officer, John Hassoun. "We are proud to support the DHS mission to make America safer."
About ATS Corporation
ATSC is a leading provider of mission-driven software and systems development, systems integration, infrastructure management and consulting services to the Department of Defense, Federal civilian agencies, public safety and national security customers, as well as commercial enterprises. ATSC technology professionals are recognized for their deep domain expertise in case management; border and port security; and financial, supply chain management and health information systems. Headquartered in McLean, Virginia, the Company has over 500 employees at 5 locations across the country.
Any statements in this press release about future expectations, plans, and prospects for ATSC, including statements about the estimated value of the contract and work to be performed, and other 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 for the majority 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 latest annual report on Form 10-K filed with the Securities and Exchange Commission on March 24, 2010. In addition, the forward-looking statements included in this press release represent our views as of February 14, 2011. 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 February 14, 2011.
Additional information about ATSC may be found at www.atsc.com.
SOURCE ATS Corporation