XeDAR Corporation Wins State Department Contract For GSA SmartBUY Electronic Records Management Project
DENVER--(BUSINESS WIRE)--XeDAR Corporation (OTCBB: XDRC), a provider of homeland security and defense consulting and IT security services to our national intelligence agencies and the Departments of Defense, Homeland Security and others, announced today that its Point One subsidiary has been awarded a GSA SmartBUY contract from the Department of State's United Nations Research Unit. Point One shall assist in the Phase One implementation of a multi-phase effort to create a secure, comprehensive electronic document and records management (EDRM) system. That work is expected to be completed within six months.
Phase One of this new, secure records management system begins the automation of the United States Mission to the United Nations (U.S.U.N.) records by digitizing and indexing the Research Unit records from 1994 to present, with the long-term project goal being to incorporate archival records from 1949 into the records management system. The remaining two phases of the project will complete archival automation and will address expanded access to the archives database, allowing users beyond the UN Research Unit the capability to retrieve, file, and retire files electronically. Secure, electronic access to this data translates to immediate and significant savings in labor and storage costs.
"This GSA SmartBUY contract is an explicit recognition of two national priorities: one, that homeland security depends more than ever on sharing critical information between agencies in a system as secure and threat-proof as possible; and two, that accessible electronic data makes government more efficient and knowledgeable in its communications, decision-making and security responsibilities—all the while saving taxpayer dollars," said Dale Smith, Director of Point One. "The EDRM software provided by XeDAR that the federal government has contracted with its subsidiary Point One to purchase under the SmartBUY program, means that XeDAR stands as the sole-source provider of EDRM software for the U.S. government for a five-year period, a clear recognition of its superior functionality, capability, and reliability."
Smith added that "the U.S.U.N. contract to implement secure records automation will facilitate better inter-agency communication and more productive, secure collaboration and could signal the initiation of the federal mandate that all federal agencies install EDRM software—absolutely essential to our homeland cyber security and potentially a tremendous opportunity for XeDAR in the near future.
"We enjoy an obvious competitive advantage, and the potential revenue opportunity is huge," said Smith.
About XeDAR Corporation
XeDAR Corporation provides strategic consulting, systems analysis, predictive modeling, digital imaging, and geospatial data analysis tools and services to the Department of Homeland Security, the Department of Defense and other national intelligence agencies, as well as commercial clients.
Forward-Looking Statements
The statements included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "seek," or "believe." These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations about future events. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance, or achievements expressed or implied by the forward looking statements, including, but not limited to: (1) integration of operations as we acquire companies and (2) our ability to win additional government business based on the expertise of the combined companies. In particular, you should consider the risks outlined under the heading "Risk Factors" in our most recent Annual Report on Form 10-KSB. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements apply only as of the date of this news release; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this report or those that might reflect the occurrence of unanticipated events.
Copyright 2008 Business Wire All Rights Reserved