Homeland Security Capital Corporation Awarded First Stimulus Related Contract
ARLINGTON, Va.-(Business Wire)-August 25, 2009 - Homeland Security Capital Corporation “HSCC” (OTCBB:HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief and security solutions to government and commercial customers, announced today that its environmental remediation subsidiary, Safety and Ecology Corporation (SEC) along with their teaming partners were awarded a Master Task Order Agreement (MTOA) stimulus funded contract with a maximum value potential of $100M from Los Alamos National Laboratory (LANL).
The Team, including SEC’s protégé company ARS International (ARS), was awarded one of four MTOA contracts from LANL. The task orders are partially stimulus funded by the American Recovery and Reinvestment Act (ARRA) and contain a maximum capacity of $100M. The four awarded companies will bid competitively for a variety of Remedial Action (RA) and Decommissioning and Demolition (D&D) services at LANL Technical Area-21.
According to the Weapons Complex Monitor Special Bulletin released in August, Los Alamos will receive $212M in ARRA cleanup funds, of which approximately $79M will go toward addressing more than 20 buildings/structures at TA-21.
“SEC is thrilled to support ARS on this critical contract for LANL as it provides an opportunity for us to demonstrate our value in the stimulus mission,” said SEC President, Mark J. Duff. “SEC stands ready to provide the strongest managers, technologies and resources to support this northern New Mexico initiative.”
LANL spokesman Fred deSousa said, “Overall, 11 companies submitted bids for the master task order agreements. Of the winners, these companies met our criteria better than the others and we believe they’ll be the ones to provide the value the taxpayers expect.”
C. Thomas McMillen, Chairman and CEO of HSCC commented, “We are pleased to be awarded this first stimulus related contract. SEC has bid on several shovel ready projects to be funded by stimulus spending and this award indicates that the funding put in place earlier this year is beginning to flow to the projects.”
SEC is prepared to return to LANL to perform RA/D&D services. SEC was a recipient of the 2009 LANL Pollution Prevention Awards for successful completion of a demolition project achieving significant waste avoidance through a strategic characterization, processing, and debris segregation methodology.
To view the official LANL press release please visit:
http://www.lanl.gov/scat/los_alamos_national_laboratory_names_cleanup_subcontractors
About Safety and Ecology Corporation
Safety and Ecology Corporation (SEC) is a rapidly growing environmental services company in the U.S., providing services nationally, in Europe and the Caribbean. The Company specializes in the removal and remediation of hazardous nuclear materials for the U.S. Department of Energy, U.S. Department of Defense, and other federal agencies. SEC also provides advanced environmental services for private industry across the country and internationally. Since its founding in 1991, SEC has grown approximately 30 percent per year, and has emerged as a technology innovator with more than 450 personnel worldwide and with annual revenues of more than U.S. $70 million. For more information on SEC, visit www.sec-tn.com.
About Homeland Security Capital Corporation
Homeland Security Capital Corporation is a company engaged in the strategic acquisition, development, and consolidation of homeland security-related businesses, within the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland. HSCC operates businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities.
HSCC’s portfolio of companies, in addition to SEC, includes:
Nexus Technologies Group, a mid-Atlantic security integrator for the corporate and governmental security markets that specializes in non-proprietary integrated security solutions including access control, alarm, video, communication, perimeter protection and bomb and metal detection security systems. Utilizing cutting-edge technologies, Nexus provides innovative, engineered and scalable solutions to effectively protect people, property and assets. For more information about Nexus, visit www.nexusna.com.
Polimatrix, Inc., a system integrator and total solutions provider delivering advanced radiation and nuclear protection and detection services. The company has been operating since September 2006 as a joint venture between Homeland Security Capital Corporation and Polimaster, Inc. For more information about Polimatrix, visit www.polimatrix.com.
For more information about Homeland Security Capital Corporation, visit www.hscapcorp.com.
Forward-Looking Statement
This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future activities, performance, events or developments, are forward-looking statements. Although HSCC believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements.
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