DRC Announces Award of Food and Drug Administration Scientific Computing Contract
02 Janeiro 2013 - 11:00AM
-- $50M Ceiling Value Contract Awarded to High Performance
Technologies, Inc. Subsidiary
-- Leverages Health IT Capabilities Supporting the FDA in
Adopting Emerging Technologies
Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of
innovative management consulting, engineering, science and
technology solutions to federal and state governments, today
announced its wholly owned subsidiary, High Performance
Technologies, Inc., has been awarded a new contract from the Food
and Drug Administration (FDA) to provide scientific computing
services. The single award task order contract has a ceiling value
of $50 million and a five year period of performance, which began
September 17, 2012.
Under the terms of the contract, DRC will provide a wide range
of science and engineering services to support the FDA in
leveraging new technologies and ensuring the necessary processing,
storage and connectivity support needed to achieve its scientific
computing objectives. DRC will work closely with researchers and
scientific computing users to facilitate document requirements,
perform system analysis, and provide prototypes of new
technologies.
"DRC's High Performance Technologies Group is at the forefront
of cutting-edge scientific computing best practices," said Jim
Regan, DRC's chairman and chief executive officer. "We are looking
forward to providing our deep expertise in high performance
computing and systems engineering to support the FDA's scientific
computing needs related to its mission to enhance public
health.
"This engagement represents a milestone achievement in the
execution of our growth strategy, advancing our federal healthcare
market penetration. While we already have a significant level of
business at the Department of Veterans Affairs and with the
Military Health System, this new relationship with the FDA
establishes a strong presence for DRC within the Department of
Health and Human Services. We look forward to continuing to expand
our business with federal healthcare clients," added Regan.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable
performance improvements for government customers through the
delivery of innovative management consulting, engineering, science
and technology solutions. DRC offers the capabilities of a large
company and the responsiveness of a small company, backed by a
history of excellence and customer satisfaction. Founded in 1955,
DRC is a publicly held corporation (Nasdaq:DRCO) and maintains more
than 25 offices nationwide with major offices in Andover,
Massachusetts and the Washington, D.C. region. For more
information please visit our website at 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.
CONTACT: Investors:
Chris Witty
Darrow Associates, Inc.
646.438.9385
cwitty@darrowir.com
Media:
Duyen "Jen" Truong
Sage Communications (for DRC)
703.584.5645
dtruong@aboutsage.com
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