Sys (AMEX:SYS)
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From Jan 2020 to Jan 2025
SYS Technologies, Inc. (“SYS”)
(AMEX:SYS), a leading provider of information connectivity solutions
that enable situational awareness and real-time collaboration, will be
exhibiting their content delivery system at the National Association of
Broadcasters (NAB) show at the Las Vegas Convention Center, April 14-17.
The NAB show is the world’s largest electronic
media show with more than 110,000 digital media professionals in
attendance.
SYS, which recently signed an agreement to be acquired by Kratos Defense
Solution (Nasdaq:KTOS), will be demonstrating new features and
functionality of its IP-based content delivery system. Part of the
demonstration will include delivery of MPEG-4 AVC video in both standard
and high definition formats to low-cost IPTV players.
“Our goal is to offer a flexible and scaleable
IP-based distribution system that integrates and leverages best-of-breed
components," said Cliff Cooke, President and CEO of SYS. "Our content
distribution solution is capable of supporting a wide variety of
use-models, including business television, distance learning and
training, and digital advertising. We also see significant applications
for this technology in the DOD and other Federal Government agencies. ”
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 intends to file with the U.S. Securities and Exchange Commission
(the “SEC”) a
registration statement on Form S-4, containing a joint proxy
statement/prospectus and other relevant materials. INVESTORS AND
SECURITY HOLDERS OF KRATOS AND SYS ARE URGED TO READ THE JOINT PROXY
STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN
IMPORTANT INFORMATION ABOUT KRATOS, SYS AND THE ACQUISITION. The 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.