Dynamics Research Corporation Wins $22.5 Million Contract for Colorado Department of Human Services' County Infrastructure
03 Abril 2006 - 5:17PM
PR Newswire (US)
Five-Year Contract with Department of Human Services Has Three
One-Year Options for Potential Additional $16.4 Million ANDOVER,
Mass., April 3 /PRNewswire-FirstCall/ -- Dynamics Research
Corporation (NASDAQ:DRCO) announced that it had been selected by
Colorado's Department of Human Services (CDHS) to continue
providing infrastructure support and management of the statewide
CDHS County Infrastructure under a new five-year contract worth
$22.5 million. The new contract, when finalized, will continue an
existing nine-year relationship between DRC and CDHS. It will
contain three one-year options with additional potential revenue of
$16.4 million beyond the initial five-year contract, raising the
total potential value of this contract to $38.9 million. "This win
reflects DRC's partnership with the state of Colorado and our
successful past performance and commitment to providing pragmatic,
evolutionary technology solutions," said DRC senior vice president
and general manager Tom Kelly. "Since 1997, CDHS has been one of
the premier programs in our Systems Engineering and Information
Technology Group. We look forward to continue providing the most
advanced and creative solutions possible to help CDHS achieve its
important mission in an affordable manner." "In recent years DRC
began implementing IT Infrastructure Library (ITIL) best management
practices into support and management of the CDHS's County
Infrastructure, generating notable service improvements and
demonstrating DRC's commitment to the customer's long-term success.
Over the next five years we will implement enhancements to further
advance service delivery, support, customer satisfaction and
quality assurance," Kelly added. The CDHS County Infrastructure
supports more than 7,000 county and state workers with web-based
access to applications supporting child welfare, eligibility, child
support and child care. Infrastructure support services provided by
DRC include operation and maintenance of enterprise wireless and
land-based networks, servers and storage; disaster recovery;
databases; and related software distribution for the thousands of
workers using the system. About Dynamics Research Corporation DRC
is headquartered in Andover, Massachusetts and has major offices in
Vienna, Virginia and Fairborn, Ohio. The company has 27 additional
field offices throughout the United States providing direct support
to all branches of the Department of Defense and several State
Government Agencies. Dynamics Research Corporation is an innovative
solutions provider that partners with its customers to apply proven
processes and technologies. For more than 50 years, DRC has
delivered technical and information technology services that
enhance the performance and cost effectiveness of its customers'
mission critical systems. For additional information about DRC
please visit our website at http://www.drc.com/. Safe harbor
statements under the Private Securities Litigation Reform Act of
1995: Some statements contained or implied in this news release,
may be considered forward-looking statements, which by their nature
are uncertain. Consequently, actual results could materially
differ. For more detailed information concerning how risks and
uncertainties could affect the company's financial results, please
refer to DRC's most recent filings with the SEC. The company
assumes no obligation to update any forward-looking information.
CONTACTS: Investors: Elise Caffrey, Vice President & Treasurer
(978) 289-1545 Media: Geoff Livingston (703) 748-0300, Ext. 203
DATASOURCE: Dynamics Research Corporation CONTACT: Investors: Elise
Caffrey, Vice President & Treasurer of Dynamics Research
Corporation, +1-978-289-1545, ; or Media: Geoff Livingston for
Dynamics Research Corporation, +1-703-748-0300, Ext. 203, Web site:
http://www.drc.com/
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