Sysorex Awarded Army PMSS3 Contract Vehicle

Company is one of 12 selected for the $461 million, 5-year contract

PALO ALTO, Calif. – Sysorex (NASDAQ: SYRX), a developer of high performance analytics software and solutions today announced that the Army’s Program Executive Office for Enterprise Information Systems (PEO EIS) has awarded one of its Program Management Support Services – 3 (PMSS3) contract vehicles to Sysorex’s Government Services (SGS) division. SGS is one of the five small businesses among 12 total awardees who will compete for this 5 year, $461 million IDIQ contract. As previously disclosed in filings made by Sysorex with the Securities and Exchange Commission, the award of the contract was originally made in 2014 but was stayed due to legal challenges presented by certain unsuccessful bidders. The contract start date is effective immediately.

“We are pleased to be selected by the PEO EIS to help it meet its operational objectives via the PMSS3 contract,” said Nadir Ali, CEO of Sysorex. “Moreover, as one of just five small businesses to be awarded this contract vehicle, we believe this is recognition of SGS’s ability to execute in support of important federal program management projects like PMSS3.”

Under the terms of the PMSS3, contract awardees will provide the Army’s PEO EIS headquarters, directorates, project/product offices and related organizations with the full range of program management support services in the functional areas of Project/Product Management Support; Business Process Reengineering (BPR) Support; Information Systems Security Support; Contingency Planning Support; Physical Security Support; Enterprise Design, Integration, and Consolidation Support; Systems Operation and Maintenance Support; Integrated Logistics Support; and Other Services and Support for the life cycle activities that are required by the organizations.

Sysorex Government Services also holds several other federal contract vehicles including NITAAC CIO-CS, NASA SEWP V, and a subcontract on the Army’s EITS.

About Sysorex
Sysorex develops the systems and solutions that power the data-driven enterprise. With an innovative approach to big data, analytics and the Internet of Things (IoT), we blend virtual data from software and networks with the huge volume of physical data generated by mobile devices and Internet-connected things to open new worlds of insight. Our unique solutions are helping organizations worldwide improve decision making, increase productivity, and fuel the discoveries of tomorrow. Headquartered in Palo Alto, California, we have regional offices in North America, South America, Europe and the Middle East. Visit Sysorex.com, follow us @SysorexGlobal and Link up on LinkedIn.

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 Sysorex 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, the company’s ability to obtain financing, competition, general economic conditions and other factors that are detailed in the company’s periodic and current reports available for review at www.sec.gov. 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.

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Contacts

Sysorex:
A. Sage Osterfeld, +1 (760) 707-0459
sage.osterfeld@sysorex.com
or
Sysorex Investor Relations:
CorProminence LLC
Scott Arnold, +1 (516) 222-2560
Managing Director
www.corprominence.com

By |2017-03-01T14:36:14+00:00March 16th, 2016|Categories: News|Tags: , , |

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