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SAI Saudi Arab.Inv.

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Share Name Share Symbol Market Type Share ISIN Share Description
Saudi Arab.Inv. LSE:SAI London Ordinary Share GB0000447960 ORD SHS $0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

SAIC OneSAF(R) Team Delivers OneSAF(R) Version 1.5

19/09/2007 12:50pm

PR Newswire (US)


Saudi Arabia Investment Fund (LSE:SAI)
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SAN DIEGO and MCLEAN, Va., Sept. 19 /PRNewswire-FirstCall/ -- SAIC's OneSAF(R) (One Semi-Automated Forces) team recently released the OneSAF(R) Objective System Version 1.5 software to the Army's Program Executive Office for Simulation, Training and Instrumentation (PEO STRI). This completes the first major update of OneSAF since the initial release of version 1.0 on Sept. 29, 2006. OneSAF allows users to configure computer generated force systems exactly as they need to support their simulation requirements. Training, experimentation, and analysis users can quickly adapt the system to their needs with the system's tools. Version 1.5 adds military models for the United State Marine Corps and Naval systems and civilian models for civilian infrastructure, normal civilian behavior, and terrorist/insurgent behavior. "This is a major milestone in the OneSAF(R) program," said Eric Root, SAIC's OneSAF(R) program manager. "Since the release of Version 1.0 PEO STRI has released more than 200 copies of the product to users across the Department of Defense." During the development phase, the OneSAF(R) Government/Industry Team won several awards for its innovative approach to meeting the requirements, including the Crosstalk Award for being one of the Top 5 DoD software development programs in 2003. SAIC also recently delivered OneSAF(R) Version 1.0 international to PEO STRI and was awarded the first OneSAF(R) foreign military sales case with South Korea. "I am very pleased with what our team has accomplished with this program," said Beverly Seay, SAIC senior vice president and business unit general manager. "We approached this effort in a spirit of true collaboration with our customer and the other members of the industry team and the results of that approach are apparent to anyone who has seen this system or the team in action. It is a truly cooperative environment, and as a result is providing our warfighters with a powerful new capability." SAIC is a leading provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. Government civil agencies, as well as to customers in selected commercial markets. With more than 44,000 employees in over 150 cities worldwide, SAIC engineers and scientists solve complex technical challenges requiring innovative solutions for customers' mission-critical functions. SAIC had annual revenues of $8.3 billion for its fiscal year ended January 31, 2007. SAIC: FROM SCIENCE TO SOLUTIONS(R) Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements or industry results to be very different from the results, performance or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2007, and such other filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. DATASOURCE: SAIC CONTACT: Melissa Koskovich, McLean, +1-703-676-6762, ; Ron Zollars, San Diego, +1-858-826-7896, Web site: http://www.saic.com/

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