SPRINGFIELD, Va., Aug. 8, 2012 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that the team of RMA-Insight (Prime Contractor), Versar, Inc., and Environmental Chemical Corporation, Inc. (ECC) has been selected for a performance-based remediation (PBR) task order for the Front Range Group. Versar's portion of the task order is valued at nearly $7 million over the next nine years. The Front Range Group PBR consists of sites located at: Malmstrom AFB, MT; F.E. Warren AFB, WY; Buckley AFB, CO; Air Force Plant PJKS, CO; and Peterson AFB, CO. These services will be provided for the Air Force Center for Engineering and the Environment (AFCEE) under their WERC09 contract.
RMA-Insight, Versar, and ECC will combine their resources, experience, and proven environmental restoration skills for the Air Force bases in the Front Range Group, creating a team that can implement state-of-the-art remediation programs to achieve site closeouts. Using various remediation technologies, the RMA-Insight-Versar-ECC team proposed to exceed the minimum performance standards by reducing the life cycle costs for the Air Force and to help the Air Force achieve its strategic goals for site closures.
Tony Otten, CEO of Versar said, "The Air Force has set goals for Site Closeouts at Air Force Bases, and with this win the RMA-Insight-Versar-ECC team is helping them attain and exceed these goals. Over the years, Versar has completed remediation and compliance activities at more than 30 different bases under multiple Air Force and DoD contracts, spanning installations in Europe, the Middle East, Pacific, and the continental U.S. We look forward to continuing our partnership with the environmental professionals at AFCEE and the Front Range installations to achieve efficient and permanent solutions."
VERSAR, INC., headquartered in Springfield, VA, is a publicly traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, munitions response, and telecommunication and technology integration market areas.
This news release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended July 1, 2011, as updated from time to time in the Company's periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.
SOURCE Versar, Inc.