Big data and IT infrastructure firm’s Lilien division among those selected as a NITAAC Prime Contract Holder
PALO ALTO, Calif. – Big data software solutions and infrastructure provider Sysorex (NASDAQ: SYRX) today announced that its Lilien Systems division has been selected as one of the 65 Prime Contract Holders under the Chief Information Officer – Commodities and Solutions (CIO-CS) contract by National Institutes of Health Information Technology Acquisition and Assessment Center (NITAAC).
CIO-CS, a multiple-award Government-Wide Acquisition Contract (GWAC), is a 10 year Indefinite Delivery/Indefinite Quantity (IDIQ) contract with a maximum value of $20 billion with a one 60-month base period from May 1, 2015 to April 30, 2020; and one 60-month option period from May 1, 2020 to April 30, 2025. As a CIO-CS Prime Contract Holder, Lilien is among a handful of companies allowed to fulfill task orders from federal, civilian or DoD agencies seeking to acquire IT commodities and solutions.
The CIO-CS contract is Sysorex’s third such contract award in the past two months. In March, Sysorex was awarded a subcontract on the $249 million Enterprise Information Technology Services (EITS) contract from the US Army. In early April, it received an award on the NASA SEWP V contract.
For more information on the Chief Information Officer – Commodities and Solutions (CIO-CS) contract, visit the NITAAC website at: https://nitaac.nih.gov/nitaac/.
Through focused, custom technology solutions, Sysorex (NASDAQ:SYRX) provides cyber security, data analytics, cloud solutions, Mobile/BYOD solutions and strategic outsourcing to government and commercial clients in major industries around the world. From identifying security risks to helping clients realize value from their big data strategies, Sysorex has the experience, technology, partners, and agility to be your trusted IT partner. Visit Sysorex.com, follow @SysorexGlobal and like us on Facebook.
Safe Harbor Statement
All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of the registrant and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of global economic conditions, the performance of management and employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic and current reports available for review at www.sec.gov. Additionally, the CIO-CS contract is an indefinite delivery indefinite quantity (IDIQ) contract that provides for an indefinite quantity of services or stated limits of supplies for a fixed period. We cannot determine the precise quantities of supplies or services and, therefore, are unable to predict the amount of revenue that will be generated from such IDIQ contract, if any. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.
A. Sage Osterfeld, (760) 707-0459
Sysorex Investor Relations:
Scott Arnold, (516) 222-2560