Wave Systems on Winning Team for U.S. Army Contract
EE, Mass.--(BUSINESS WIRE)--Dec. 22, 2005--Wave Systems Corp. (Nasdaq: WAVX - www.wave.com) announced today that the company has teamed with NCI Information Systems, Inc., a wholly owned subsidiary of NCI, Inc. (NASDAQ:NCIT - www.nciinc.com), in connection with a Total Engineering and Integration Services (TEIS) contract awarded to NCI Information Systems, Inc. by the United States Army Information Systems Engineering Command (USAISEC).
Under the TEIS contract, NCI Information Systems, Inc. is to provide information systems engineering and information technology support to the USAISEC, and other federal agencies worldwide. This indefinite delivery/ indefinite quantity (ID/IQ) program has a five-year period of performance, containing a base year and four, one-year option periods, with a total ceiling value of $804 million. The teaming agreement envisions that Wave will supply its computing solutions products, subject to the completion of a subcontract (and related task orders) to be entered into between Wave and NCI Information Systems, Inc.
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Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the ability to forge partnerships required for deployment, changes in consumer and corporate buying habits, chip development and production, the rapid pace of change in the technology industry and other factors over which Wave Systems Corp. has little or no control. Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.
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