ATS Corporation Announces New Contract Award Totaling $13.5 Million for Defense Logistics Agency — Press Release

by: Matthew Potter
October 5, 2010

Category: Business Line, Companies, Events, logistics, Press Releases | RSS 2.0

ATS Corporation Announces New Contract Award Totaling $13.5 Million for Defense Logistics Agency

MCLEAN, Va., Oct. 4 /PRNewswire/ — ATS Corporation (“ATSC” or the “Company”) (NYSE Amex: ATSC), a leading information technology company that delivers innovative technology solutions to government and commercial organizations, today announced that it has been awarded a new contract totaling $13.5 million over a four-year term with the U.S. Defense Logistics Agency (“DLA”) Information Operations Philadelphia organization. Under this contract, ATSC will continue to provide full life cycle support for the Subsistence Total Order and Receipt Electronic System (“STORES”). STORES is the primary system used by the military for the ordering and receipt of food and other subsistence items which processes transactions exceeding $4 billion annually. The system handles comprehensive supply chain management, from military dining facilities to commercial food vendors worldwide.

ATSC Senior Vice President of Federal Programs, John Hassoun said, “ATSC is pleased to have been entrusted by the Defense Logistics Agency to continue our support of the mission-critical STORES system which enables the safe, efficient and effective ordering and receipt of food and other subsistence items for our troops across the globe.”

About ATS Corporation

ATSC is a leading provider of software and systems development, systems integration, infrastructure management and outsourcing, information sharing, training and consulting to the Department of Defense, Federal civilian agencies, public safety and national security customers, as well as commercial enterprises. Headquartered in McLean, Virginia, the Company has more than 600 employees at 10 locations across the country.

Any statements in this press release about future expectations, plans, and prospects for ATSC, including statements about the estimated value of the contract and work to be performed, and other statements containing the words “estimates,” “believes,” “anticipates,” “plans,” “expects,” “will,” and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: our dependence on our contracts with federal government agencies for the majority of our revenue, our dependence on our GSA schedule contracts and our position as a prime contractor on government-wide acquisition contracts to grow our business, and other factors discussed in our latest annual report on Form 10-K filed with the Securities and Exchange Commission on March 24, 2010. In addition, the forward-looking statements included in this press release represent our views as of October 4, 2010. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to October 4, 2010.

Additional information about ATSC may be found at www.atsc.com.

SOURCE ATS Corporation

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