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Tempus Applied Solutions Awarded USAF Contract

Jun 27, 2017
OTC Disclosure & News Service

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Tempus Applied Solutions Awarded USAF Contract

Tempus to provide technical services and flight operations to the USAF Weapons Development and Integration Directorate, Platform Integration Function
PR Newswire

WILLIAMSBURG, Va., June 27, 2017

WILLIAMSBURG, Va., June 27, 2017 /PRNewswire/ -- Tempus Applied Solutions (the "Company") announced today that it has been awarded a contract from the United States Air Force (USAF) to provide technical services and flight operations to the USAF Weapons Development and Integration Directorate, (WDID) Platform Integration Function, for aviation systems.

Tempus Applied Solutions Logo (PRNewsFoto/Tempus Applied Solutions Holdin) (PRNewsFoto/Tempus Applied Solutions Holdin)

Tempus will integrate the USAF's High-Altitude LIDAR Atmospheric Sensing (HALAS) system into a modified Gulfstream IV aircraft owned by the Company. The laser-equipped sensor has the capability of measuring, with great precision, atmospheric conditions well into the stratosphere. Tempus will assist in the airborne testing of USAF's ground-proven HALAS system upon completion of the sensor integration and airframe modifications. If exercises are successful, atmospheric testing will be substantially improved, with a significant reduction in error factors from older sensing capabilities.

"Tempus is looking forward to working with the USAF on this project," said Tempus CEO Scott Terry. "This is a great opportunity to participate in a project that will provide critical insight into atmospheric conditions and its effect on next-generation aviation platforms. We hope to continue working on such programs with USAF in the future."

The contract consists of two parts; aircraft modification/integration and flight operations. Modifications will take place at Tempus' Brunswick, Maine, modification center and will consist of significant engineering and electrical modifications, including the integration of an ultraviolet laser, telescope and advanced optical sensors. Under the contract, once the aircraft modifications have been completed, fifty hours of flight operations and testing are to be conducted by Tempus in the United States and selected oceanic areas. Tempus expects the contract to generate total revenues of approximately $1.2 million.

The contract will be executed through the course of 2017, with modifications occurring from June 2017 to September 2017 and flight operations beginning in October 2017. Assuming successful testing of the installed equipment during flight, Tempus intends to continue to offer the system for a variety of commercial and military purposes starting in 2018.

For more information on Tempus, visit tempus-as.com.

MEDIA CONTACT:
Katherine Terry, public relations manager
[e-mail] | +1 864.901.8114

ABOUT TEMPUS APPLIED SOLUTIONS HOLDINGS INC. (OTC: TMPS): Tempus provides design, engineering, systems integration and flight operations solutions that support critical aviation mission requirements for a variety of customers including the United States Department of Defense, other U.S. government agencies, foreign governments and select corporations and individuals in the private sector. Our experienced team of professionals provides efficient, economical and flexible service that responds to the most challenging demands facing the aviation industry today. Our commitment to safety and security has earned us a reputation as one of the most forward-thinking aviation companies worldwide. We are headquartered in Williamsburg, Virginia.

FORWARD LOOKING STATEMENTS:
This communication contains forward-looking statements concerning anticipated services and revenues under the new contract with the USAF. Actual events or results could differ materially from those described or implied herein, in particular if unexpected technical issues arise in connection with the installation of the testing equipment or its operation during flight. In addition, the anticipated subsequent offering of the testing system does not ensure that the Company will be successful in winning contracts for its use. The forward-looking statements are also subject to the risks described in reports filed with the Securities and Exchange Commission by Tempus Applied Solutions Holdings Inc., and other risks and uncertainties. We do not undertake any obligation to update any forward-looking statements to reflect events or results after the date they were made, whether as a result of new information, new circumstances or otherwise, except as may be required under applicable laws.

TEMPUS APPLIED SOLUTIONS HOLDINGS INC.
471 McLaws Circle| Williamsburg, VA 23185
+1 757.865.7779| [e-mail]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tempus-applied-solutions-awarded-usaf-contract-300480749.html

SOURCE Tempus Applied Solutions


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