SYS Technologies to Showcase Content Delivery System at National Association of Broadcasters Show
April 09 2008 - 8:55AM
Business Wire
SYS Technologies, Inc. (�SYS�) (AMEX:SYS), a leading provider of
information connectivity solutions that enable situational
awareness and real-time collaboration, will be exhibiting their
content delivery system at the National Association of Broadcasters
(NAB) show at the Las Vegas Convention Center, April 14-17. The NAB
show is the world�s largest electronic media show with more than
110,000 digital media professionals in attendance. SYS, which
recently signed an agreement to be acquired by Kratos Defense
Solution (Nasdaq:KTOS), will be demonstrating new features and
functionality of its IP-based content delivery system. Part of the
demonstration will include delivery of MPEG-4 AVC video in both
standard and high definition formats to low-cost IPTV players. �Our
goal is to offer a flexible and scaleable IP-based distribution
system that integrates and leverages best-of-breed components,"
said Cliff Cooke, President and CEO of SYS. "Our content
distribution solution is capable of supporting a wide variety of
use-models, including business television, distance learning and
training, and digital advertising. We also see significant
applications for this technology in the DOD and other Federal
Government agencies. � About SYS Technologies SYS (AMEX:SYS), is a
leading provider of information connectivity solutions that
capture, analyze and present real-time information to our customers
in the Department of Defense, Department of Homeland Security,
other government agencies and to commercial companies. Using
interoperable communications software, sensors, digital video
broadcast and surveillance technologies, wireless networks, network
management, decision-support tools and Net-centric technologies,
our technical experts enhance complex decision-making. We also
provide solution lifecycle support with program, financial, test
and logistical services and training. Founded in 1966, SYS is
headquartered in San Diego and has principal offices in California
and Virginia. For additional information, visit
www.systechnologies.com. About Kratos Defense & Security
Solutions Kratos Defense & Security Solutions, Inc.
(Nasdaq:KTOS) provides mission critical engineering, IT services
and war fighter solutions for the U.S. federal government and for
state and local agencies. Principle services include C5ISR, weapon
systems lifecycle support, military weapon range and technical
services, network engineering services, advanced IT services,
security and surveillance systems, and critical infrastructure
design and integration. The Company is headquartered in San Diego,
California, with resources throughout the U.S. and in key strategic
military locations. News and information are available at
www.kratosdefense.com. Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements
including, without limitation, expressed or implied statements
concerning the Company�s expectations regarding the timing of
closing of the acquisition, anticipated benefits to be realized
from the acquisition, future financial performance and cash flows
and market developments that involve risks and uncertainties. Such
statements are only predictions, and the Company�s actual results
may differ materially. Factors that may cause the Company�s results
to differ include, but are not limited to: risks that the closing
of the proposed merger between SYS and Kratos will be delayed or
that the conditions to closing will not be satisfied; risks that
the integration will prove more costly, take more time, or be more
distracting than currently anticipated; risks that the transaction
will cause disruption of the Company�s operations and distraction
of its management; risks of adverse regulatory action or
litigation; risks associated with debt leverage; risks that changes
or cutbacks in spending by the U.S. Department of Defense may
occur, which could cause delays or cancellations of key government
contracts; failure to successfully consummate acquisitions or
integrate acquired operations and competition in the marketplace
which could reduce revenues and profit margins. The Company
undertakes no obligation to update any forward-looking statements.
These and other risk factors are more fully discussed in the
Company�s Securities and Exchange Commission filings. Additional
Information In connection with the proposed acquisition of SYS by
Kratos Defense & Security Solutions, Inc. (�Kratos�), Kratos
intends to file with the U.S. Securities and Exchange Commission
(the �SEC�) a registration statement on Form S-4, containing a
joint proxy statement/prospectus and other relevant materials.
INVESTORS AND SECURITY HOLDERS OF KRATOS AND SYS ARE URGED TO READ
THE JOINT PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE
BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT KRATOS, SYS AND
THE ACQUISITION. The joint proxy statement/prospectus and other
relevant materials (when they become available), and any other
documents filed by Kratos or SYS with the SEC, may be obtained free
of charge at the SEC�s web site at www.sec.gov. In addition,
investors and security holders may obtain free copies of the
documents filed with the SEC by Kratos by directing a request to:
Kratos Defense & Security Solutions, Inc., 4810 Eastgate Mall,
San Diego, CA 92121, Attn: Investor Relations, or by going to
Kratos�s corporate website at www.kratosdefense.com. Investors and
security holders may obtain free copies of the documents filed with
the SEC by SYS by contacting SYS Technologies, Inc., 5050 Murphy
Canyon Road, Suite 200, San Diego, CA 92123, Attn: Investor
Relations, or by going to SYS� corporate website at
www.systechnologies.com. Kratos, SYS and their respective executive
officers and directors may be deemed to be participants in the
solicitation of proxies from the stockholders of Kratos and SYS in
favor of the acquisition. Information about the executive officers
and directors of Kratos is set forth in the proxy statement for
Kratos�s 2007 Annual Meeting of Stockholders, which was filed with
the SEC on October 10, 2007. Information about the executive
officers and directors of SYS and their ownership of SYS common
stock is set forth in the proxy statement for SYS�s 2007 Annual
Meeting of Stockholders, which was filed with the SEC on October
29, 2007. Investors and security holders may obtain more detailed
information regarding the direct and indirect interests of Kratos,
SYS and their respective executive officers and directors in the
acquisition by reading the joint proxy statement/prospectus
regarding the acquisition when it becomes available.
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