Horne Engineering Services To Expand and Accelerate Support to the Transportation Security Administration
FALLS CHURCH, Va.--Aug. 2, 20059, 2005--Value of first option year of contract tripled from $1.9 million to $5.9 Million |
Spectrum Sciences & Software Holdings Corp. (OTCBB: SPSC) announced today that the Transportation Security Administration (TSA) has exercised the first option year of its contract with Horne Engineering Services, LLC, and has significantly expanded the work requirements -- tripling the value of the option year from $1.9 million to $5.9 million. Horne Engineering Services is a wholly owned subsidiary of Spectrum Sciences & Software Holdings Corp.
Under this contract, which was first awarded in August 2004, Horne Engineering Services has been assisting TSA in the development and implementation of a nationwide Occupational Safety and Health (OSH) Program. Support services include initial hazard assessments, inspections, industrial hygiene services, mishap and incident investigations, reporting and recordkeeping, training development, technical research, policy development, and evaluations.
With the exercise of the first option year, the contract is being accelerated with no change in the overall contract dollar value as awarded. The original scope of work for the first option year called for Horne Engineering Services to conduct airport assistance reviews and follow-up support at 100 U.S. airports. That number has been increased to 444 airports, where 45,000 TSA personnel work to protect the nation's commercial air transportation system.
Horne Engineering staff will also provide safety support services, such as ergonomic and fire protection reviews of new designs for baggage handling systems, office reconfigurations, and workstation layout. They will analyze incident data to look for trends that may be used to formulate control measures for specific occupational injuries. And they will participate in and support Safety Action Team meetings at airports. As called for under the original scope of work, they will also develop a safety bulletins, concept papers, and training packages on a broad variety of safety topics. Darryl K. Horne, President and Chief Executive Officer of Spectrum Sciences & Software Holdings Corp., said, "We are gratified by TSA's confidence in our ability to help the agency improve safety and the working conditions for employees at TSA locations around the country. These TSA employees are providing an invaluable service under often trying conditions, and these are the people for whom our work is being performed."
About Spectrum Sciences & Software Holdings Corp.
Spectrum Sciences & Software Holdings Corp. is a growth-oriented, customer-focused company that provides an integrated suite of manufacturing, procurement, technology, and technical engineering services. The company currently has more than 350 employees within its family of subsidiaries, which include Horne Engineering Services (http://www.horne.com/), Spectrum Sciences & Software, Inc. (http://www.specsci.com), M&M Engineering (http://www.mmeng.net), and Coast Engine and Equipment Company (CEECO).
More information about Spectrum Sciences & Software Holdings Corp. can be found at www.spectrumholdingscorp.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.