Sys (AMEX:SYS)
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SYS Technologies, Inc. (“SYS”)
(AMEX: SYS), a leading provider of information connectivity solutions
that enable situational awareness and real-time collaboration, announced
today that its new network management software product, dopplerVUE,
continues to show strong initial adoption by a broad range of customers,
including a state Army National Guard unit, the U.S. State Department
and a commercial managed services provider.
SYS, which recently signed an agreement to be acquired by Kratos Defense
& Security Solutions (Nasdaq: KTOS), recently launched dopplerVUE which
is SYS’ next-generation network management
tool that integrates fault and performance monitoring with discovery and
automated mapping into a single unified dashboard across networked
devices, applications and services.
“We have been very pleased with the interest
demonstrated by some of these early adopters of dopplerVUE. These
deployments support our strategy of developing cutting edge network
management software that can address all kinds and sizes of networks,”
said Cliff Cooke, CEO of SYS Technologies. “As
reliance upon net-centered applications and communications grows, the
need to assure the reliability of the underlying infrastructure is
mission-critical, whether the mission is defense, disaster relief,
education or commerce. We are especially gratified to see that such a
wide variety of organizations have recognized the value of dopplerVUE,
especially during this initial launch phase. We are now well positioned
to pursue a much broader set of customers with a more diversified
network management software portfolio through the combination of
dopplerVUE targeting smaller network footprints and NeuralStar
continuing to target larger enterprise networks.”
With superior visibility and advanced monitoring features, dopplerVUE
brings the power of advanced management to smaller and mid-sized
organizations. The Army National Guard unit, for example, will implement
dopplerVUE to manage 115 armories, providing them with a comprehensive
view of their statewide network in one interface, a factor critical for
tactical and mobility purposes. Also important for the National Guard is
dopplerVUE’s ease of use, which allows for
efficient adoption by rotating personnel to keep critical applications
running at all times as well as dopplerVUE’s
advanced support for new IPv6 elements.
About dopplerVUE
dopplerVUE is SYS’ network management solution
for smaller and mid-sized organizations and enterprises. It is an easy
to use, quick to install solution that brings management and monitoring
features once available only in expensive enterprise solutions. Priced
and packaged for even small organizations, dopplerVUE delivers unmatched
visibility and self-aware monitoring that helps overburdened management
teams extend their reach and effectiveness. For more information, visit www.dopplervue.com.
About SYS Technologies
SYS (AMEX: SYS), is a leading provider of information connectivity
solutions that capture, analyze and present real-time information to our
customers in the Department of Defense, Department of Homeland Security,
other government agencies and to commercial companies. Using
interoperable communications software, sensors, digital video broadcast
and surveillance technologies, wireless networks, network management,
decision-support tools and Net-centric technologies, our technical
experts enhance complex decision-making. We also provide solution
lifecycle support with program, financial, test and logistical services
and training. Founded in 1966, SYS is headquartered in San Diego and has
principal offices in California and Virginia. For additional
information, visit www.systechnologies.com.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) provides
mission critical engineering, IT services and war fighter solutions for
the U.S. federal government and for state and local agencies. Principle
services include C5ISR, weapon systems lifecycle support, military
weapon range and technical services, network engineering services,
advanced IT services, security and surveillance systems, and critical
infrastructure design and integration. The Company is headquartered in
San Diego, California, with resources throughout the U.S. and in key
strategic military locations. News and information are available at www.kratosdefense.com.
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements
including, without limitation, expressed or implied statements
concerning the Company’s expectations
regarding the timing of closing of the acquisition, anticipated benefits
to be realized from the acquisition, future financial performance and
cash flows and market developments that involve risks and uncertainties.
Such statements are only predictions, and the Company’s
actual results may differ materially. Factors that may cause the Company’s
results to differ include, but are not limited to: risks that the
closing of the proposed merger between SYS and Kratos will be delayed or
that the conditions to closing will not be satisfied; risks that the
integration will prove more costly, take more time, or be more
distracting than currently anticipated; risks that the
transaction will cause disruption of the Company’s
operations and distraction of its management; risks of adverse
regulatory action or litigation; risks associated with debt leverage;
risks that changes or cutbacks in spending by the U.S. Department of
Defense may occur, which could cause delays or cancellations of key
government contracts; failure to successfully consummate acquisitions or
integrate acquired operations and competition in the marketplace which
could reduce revenues and profit margins. The Company undertakes no
obligation to update any forward-looking statements. These and other
risk factors are more fully discussed in the Company’s
Securities and Exchange Commission filings.
Additional Information
In connection with the proposed acquisition of SYS by Kratos Defense &
Security Solutions, Inc. (“Kratos”),
Kratos has filed with the U.S. Securities and Exchange Commission (the “SEC”)
a registration statement on Form S-4, which has not yet become
effective, containing a joint proxy statement/prospectus and other
relevant materials. INVESTORS AND SECURITY HOLDERS OF KRATOS AND SYS ARE
URGED TO READ THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS WHEN IT
BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT
KRATOS, SYS AND THE ACQUISITION. The definitive joint proxy
statement/prospectus and other relevant materials (when they become
available), and any other documents filed by Kratos or SYS with the SEC,
may be obtained free of charge at the SEC’s
web site at www.sec.gov. In addition,
investors and security holders may obtain free copies of the documents
filed with the SEC by Kratos by directing a request to: Kratos Defense &
Security Solutions, Inc., 4810 Eastgate Mall, San Diego, CA 92121, Attn:
Investor Relations, or by going to Kratos’s
corporate website at www.kratosdefense.com.
Investors and security holders may obtain free copies of the documents
filed with the SEC by SYS by contacting SYS Technologies, Inc., 5050
Murphy Canyon Road, Suite 200, San Diego, CA 92123, Attn: Investor
Relations, or by going to SYS’ corporate
website at www.systechnologies.com.
Kratos, SYS and their respective executive officers and directors may be
deemed to be participants in the solicitation of proxies from the
stockholders of Kratos and SYS in favor of the acquisition. Information
about the executive officers and directors of Kratos is set forth in the
proxy statement for Kratos’s 2007 Annual
Meeting of Stockholders, which was filed with the SEC on October 10,
2007. Information about the executive officers and directors of SYS and
their ownership of SYS common stock is set forth in the proxy statement
for SYS’s 2007 Annual Meeting of
Stockholders, which was filed with the SEC on October 29, 2007.
Investors and security holders may obtain more detailed information
regarding the direct and indirect interests of Kratos, SYS and their
respective executive officers and directors in the acquisition by
reading the joint proxy statement/prospectus regarding the acquisition
when it becomes available.