DLH to Provide Information Technology Services at National Institute on Drug Abuse
February 13 2024 - 8:00AM
DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the
“Company”), a leading Health IT provider of digital
transformation and cybersecurity, science research and development,
and systems engineering and integration, today announced that it
has been awarded a contract to continue providing information
technology services for the National Institutes of Health’s (“NIH”)
National Institute on Drug Abuse (“NIDA”). NIDA is the lead federal
agency supporting scientific research on drug use and addiction.
The new award extends a partnership that began with DLH’s first
contract with NIDA in 2014. The contract includes a base period of
one year with four one-year options, for a total value of
approximately $23 million. Through this award, DLH will provide a
host of information technology services for NIDA, including
managing the operations of an integrated advanced clinical/research
informatics series of systems which enables researchers to share
data and resources in real time. Additionally, the Company will be
responsible for the research, design, development, and maintenance
of clinical and scientific informatics, Intranet applications, and
public web pages, as well as IT infrastructure and desktop support.
This work is 100% NIH funded.
“NIDA-supported research leads to the development of effective
prevention and treatment interventions that affect the more than 40
million people in the United States with substance use disorders
and their families,” said Diane Yarnell, President of DLH’s Health
IT Operations Center. “That NIDA continues to choose DLH for this
important work is a testament to our team’s superb execution and
commitment to excellence.”
About DLH
DLH (NASDAQ:DLHC) delivers improved health and national security
readiness solutions for federal programs through science research
and development, systems engineering and integration, and digital
transformation. The Company’s experts in public health, performance
evaluation, and health operations solve the complex problems faced
by civilian and military customers alike, leveraging digital
transformation, artificial intelligence, advanced analytics,
cloud-based applications, telehealth systems, and more. With over
3,200 employees dedicated to the idea that “Your Mission is Our
Passion,” DLH brings a unique combination of government sector
experience, proven methodology, and unwavering commitment to
innovation to improve the lives of millions. For more information,
visit www.DLHcorp.com.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995:
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements relate to future events or DLH’s future
financial performance. Any statements that refer to expectations,
projections or other characterizations of future events or
circumstances or that are not statements of historical fact
(including without limitation statements to the effect that the
Company or its management “believes”, “expects”, “anticipates”,
“plans”, “intends” and similar expressions) should be considered
forward looking statements that involve risks and uncertainties
which could cause actual events or DLH’s actual results to differ
materially from those indicated by the forward-looking statements.
Forward-looking statements in this release include, among others,
statements regarding estimates of future revenues, operating
income, earnings and cash flow. These statements reflect our belief
and assumptions as to future events that may not prove to be
accurate. Our actual results may differ materially from such
forward-looking statements made in this release due to a variety of
factors, including: the risk that we will not realize the
anticipated benefits of acquisitions (including anticipated future
financial performance and results); the diversion of management’s
attention from normal daily operations of the business and the
challenges of managing larger and more widespread operations; the
inability to retain employees and customers; contract awards in
connection with re-competes for present business and/or competition
for new business; our ability to manage our debt obligations;
compliance with bank financial and other covenants; changes in
client budgetary priorities; government contract procurement (such
as bid and award protests, small business set asides, loss of work
due to organizational conflicts of interest, etc.) and termination
risks; the impact of inflation and higher interest rates; and other
risks described in our SEC filings. For a discussion of such risks
and uncertainties which could cause actual results to differ from
those contained in the forward-looking statements, see “Risk
Factors” in the Company’s periodic reports filed with the SEC,
including our Annual Report on Form 10-K for the fiscal year ended
September 30, 2023, as well as subsequent reports filed thereafter.
The forward-looking statements contained herein are not historical
facts, but rather are based on current expectations, estimates,
assumptions and projections about our industry and business.
Such forward-looking statements are made as of the date hereof
and may become outdated over time. The Company does not assume any
responsibility for updating forward-looking statements, except as
may be required by law.
INVESTOR RELATIONSContact: Chris WittyPhone:
646-438-9385Email: cwitty@darrowir.com
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