Homeland Security Capital Corporation Awarded BJC RADCON Contract
ARLINGTON, Va.-(Business Wire)-September 23, 2009 - Homeland Security Capital Corporation (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 contract, through a majority owned subsidiary called SEC RADCON Alliance, LLC (SECRA, LLC). With an estimated total contract value of $65 million, awarded by Bechtel Jacobs Company, LLC (BJC) the contract is to provide radiological and industrial hygiene services to support U.S. Department of Energy (DOE) Oak Ridge Operations Office. Other members of SECRA, LLC include Dade Moeller & Associates Inc., and ARS International.
SEC, as the incumbent subcontractor, has performed this work for BJC, for over a decade. BJC holds the direct contract with DOE. Under the new contract, the team will continue to provide Radiological Control Technicians (RCT’s) Industrial Hygiene Technicians, Health Physics Professionals and Industrial Hygienists in addition to providing a health physics and industrial hygiene instrumentation program in support of BJC’s Environmental Management clean-up contract with the DOE Oak Ridge Operations Office.
“We appreciate the opportunity to continue supporting DOE’s mission here in Oak Ridge, and we are excited about the added-value dimensions offered to BJC through our LLC,” said Jack Macrae, SECRA, LLC President.
The original contract awarded in 1999 to the SEC Radcon Alliance, was competitively re-bid. Work performed under the new subcontract includes supporting BJC’s mission to close numerous facilities on behalf of DOE. Some scope is being funded by the American Reinvestment and Recovery Act (ARRA). The period of performance is from award through December 2011, plus two 6-month options. SEC is pleased to announce, as of Sept 6, 2009, the company has again exceeded one million hours without a significant injury and without a lost work day accident on the Radcon project. This milestone measurement captures 36 months of performance without a lost time accident and represents SEC’s continued excellent culture in workplace safety and health.
“We are pleased to win this recomplete, this is another example of our success in winning partially Stimulus funded projects,” said C. Thomas McMillen, Chairman and CEO of HOMS.
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 (HOMS)
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. HOMS 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.
HOMS’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 HOMS 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.
 |
 |
 |
|
||
 |
|
 |
|
||
Search Our News Using Google Search
Can't find what you want? Try using Google:
