HSCC Awarded $14M Contract for Superfund
ARLINGTON, Va.-(Business Wire)-August 31, 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) was awarded a $14 million contract for health physics and on-site laboratory support services at the FUSRAP Maywood Superfund Site (FMSS). Since 1999, SEC has successfully performed environmental remediation services as a subcontractor through the United States Army Corps of Engineers (USACE) at the Maywood, NJ site.
"SEC is excited about continuing our support to the USACE and EPA Region 2 mission in providing these highly technical environmental services,” said SEC CEO and HSCC President, Christopher Leichtweis. The Maywood Superfund Site has been one of SEC’s signature projects dating back to 1996. “SEC appreciates the opportunity to support this site for four more years."
This delivery order contract with a maximum capacity of more than $14 million, was awarded to SEC for a one year base period through September 30, 2010, and three option years taking the contract end date through September 2013. SEC’s scope of work includes radiological engineering and health physics, industrial hygiene, radiological protection operations, and database management to support soil remediation activities on multiple sites in Bergen County, NJ.
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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