SYS Technologies Announces Task Order Award for Heavy UNREP System

SAN DIEGO--(BUSINESS WIRE)--June 3, 2003--SYS Technologies (OTCBB:SYYS) has been awarded a $1.6M Task Order for development of a heavy Underway Replenishment (UNREP) system for the U.S. Navy. SYS Technologies will provide the engineering, design and drafting support required to develop a heavy UNREP system capable of transferring larger loads more frequently and at greater ship separation, which improves safety. This Task Order is the first significant tasking received under the new Heavy UNREP Contract, awarded by the Port Hueneme Division of the Naval Surface Warfare Center on Sept. 15, 2002. UNREP is a method of transferring fuel, potable water, munitions, provisions and spare parts from one vessel to another while the ships are underway. The new heavy UNREP system will provide greater transfer capability, improve the ability of conning officers to maintain station keeping during transfer and increase safety by decreasing the risk of collision during high sea states. Chuck Vandeveer, senior vice president enterprise solutions division at SYS Technologies, stated, "This is the first significant funding received for the new Heavy UNREP Program, which has received the green light and financial support from the Pentagon to develop the next generation of UNREP equipment to serve the Fleet in the 21st Century. SYS Technologies is very happy to be a part of this effort as the Prime Contractor." SYS Technologies has provided engineering, technical, financial and management services to commercial and U.S. government customers since 1966. It currently has several multiple-year management and engineering service contracts with the U.S. Navy and General Services Administration at various locations across the country. The company is publicly traded (OTCBB:SYYS). SYS Technologies has headquarters in San Diego at 5050 Murphy Canyon Road, San Diego, Calif. 92123, and has offices in Carlsbad and Oxnard, Calif., and Arlington and Chesapeake, Va. For additional information, visit the SYS Technologies Web site at http://www.systechnologies.com. This press release includes "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release regarding the company's strategies, plans, objectives, expectations, and future operating results are forward-looking statements. Although SYS believes that the expectations reflected in such forward-looking statements are reasonable at this time, it can give no assurance that such expectations will prove to have been correct. Actual results could differ materially based upon a number of factors including, but not limited to, the state of economy, competition, unanticipated business opportunities, availability of financing, market acceptance, government regulation, dependence on key personnel, limited public market and liquidity, shares eligible for future sale, continuation and renewal of contracts and other risks that may apply to the company including risks that are disclosed in the company's Securities and Exchange Commission filings.