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"This new contract signals another success for our expanding BlackBerry-related business strategy," said Brian Hajost, SteelCloud President and CEO. "Although being primarily a professional services engagement, SteelCloud will benefit from this project by further leveraging our years of BlackBerry infrastructure experience to enhance future SteelWorks product offerings. We believe that SteelCloud was uniquely qualified to secure this contract."
Work on the new contract is scheduled to begin immediately and should conclude at the end of the second calendar quarter of next year. Depending on additional requirements determined during the initial period of performance, this agreement provides for multiple follow-on phases of deliverables potentially increasing the value of this contract. Revenue is projected to be recognized, ratably over the nine month period.
About the Company
SteelCloud is a developer and integrator of mobility computing appliance solutions. The Company designs, architects and develops specialized appliance solutions for mobile computing technologies including the BlackBerry(R) Enterprise Server technology from Research In Motion. For both commercial and government markets, SteelCloud delivers integrated hardware/software appliance solutions that focus on ease of deployment, policy compliance, and high availability. Over its 20-year history, the SteelCloud has won numerous awards for technical excellence and customer satisfaction. The Company can be reached at (703) 674 5500. Additional information is available at www.steelcloud.com. Email: info@steelcloud.com.
The BlackBerry(R) and RIM families of related marks, images, and symbols are the exclusive properties and trademarks of Research In Motion Limited.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: SteelCloud's ability to obtain financing in the short term, risks associated with the integration of business following an acquisition, business conditions and the amount of growth in the computer industry and general economy; competitive factors; ability to attract and retain personnel, including key sales and management personnel; the price of SteelCloud's stock; and the risk factors set forth from time to time in SteelCloud's SEC reports, including but not limited to its Annual Report on Form 10-K and its Quarterly Reports on Forms 10-Q; and Current Reports on Form 8K. SteelCloud takes no obligation to update or correct forward-looking statements.
SOURCE SteelCloud, Inc.
http://www.steelcloud.com
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