5 Sep 2016 07:00
SCISYS PLC
(SSY: AIM)
Contract Win
SCISYS PLC, the supplier of bespoke software systems, IT-based solutions, web and mobile application development and support services to the Defence, Media & Broadcast, Space, Government and Commercial sectors, is pleased to announce it has been awarded a contract by the UK Ministry of Defence (MOD) to deliver further research and software development services to the Defence Science and Technology Laboratory (Dstl). The contract, awarded through the MOD's Framework Agreement for Technical Support Design & Engineering framework, comprises an initial one year phase of work valued at £1.2 million, with the potential for this to grow to £3 million as subsequent phases are commenced during the next two years.
The project will create and demonstrate a new decision support system for use by the Royal Navy. The new system will exploit emerging technologies and improved human factors designs to enable better tactical decision-making against increasingly complex air threats.
Andy Whitehead, Divisional Director of Enterprise Solutions & Defence for SCISYS, said:
"I am immensely proud of this win, which adds to our reputation for the reliable delivery of innovative R&D for Dstl. This extends SCISYS' reach into the area of tactical combat systems in surface warships"
Klaus Heidrich, CEO of SCISYS said:
"I am delighted SCISYS can announce another significant project win in maritime defence which has become one of our focal areas in recent years. It perfectly adds to our overall growth objectives, substantiates the positive outlook we have announced earlier and demonstrates the ability of our Enterprise Solutions & Defence division to successfully take their business to new areas."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information please contact:
SCISYS PLC | +44 (0)1249 466 466 | |
Mike Love | Chairman | |
Klaus Heidrich | Chief Executive Officer | |
Chris Cheetham | Finance Director | |
finnCap (NOMAD & Broker) | +44 (0)20 7220 0500 | |
Julian Blunt | Corporate Finance | |
Mia Gardner | Corporate Broking | |
WalbrookPR Tom Cooper/Paul Vann | +44 (0) 20 7933 8780 +44 (0)797 122 1972 tom.cooper@walbrookpr.com |
About SCISYS:
Employing nearly 450 staff, SCISYS group is a leading developer of Information and Communications Technology services, e-Business, web and mobile applications and advanced technology solutions. The Company operates in a broad spectrum of market sectors including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue chip and public sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, RNLI, AON, Halfords, Interflora and the National Trust. The Company has UK offices in Chippenham, Bristol, Leicester and Reading and two offices located in Germany. More information is available at www.scisys.co.uk
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