SI International Awarded $138 Million Business Process Outsourcing Contract with U.S. Patent and Trademark Office
RESTON, VA – September 7, 2006 – SI International, Inc. (Nasdaq: SINT), an information technology and network solutions (IT) company, today announced that the Company has been awarded the Pre-Grant Publication Classification Services contract by the Department of Commerce’s United States Patent and Trademark Office (USPTO). As the sole winner of the new prime contract, SI International will assist the USPTO with pre-grant publication classification services to support USPTO’s core mission of examining, granting, and disseminating patents and trademarks. The business process outsourcing contract has a one-year base period with four one-year option periods and five one-year award term years. The contract is valued at $138 million over the ten-year period, if all options and award terms are exercised.
SI International will provide expert documentation classification services, software and electronic performance support technologies in building an integrated system to determine appropriate patent classifications for pre-grant publications. SI International will recruit and train a 150 person staff over the next several months. Once SI International’s facilities are operational, it is expected that SI International will assist the USPTO in classifying approximately 38,000 patent applications per month. The new facility will be located in Harrisonburg, Virginia.
“We are extremely honored to have been selected to deliver mission-critical business process outsourcing solutions to a new client, the U.S. Patent and Trademark Office,” said Brad Antle, President and CEO of SI International. “Through past performance for the Department of State and Department of Homeland Security, we have demonstrated our expertise in incorporating innovative technologies that support mission performance and records management in the most economic and efficient manner.
About SI International: SI International, a member of the Russell 2000 index, is a customer-focused professional services company, delivering critical information technology solutions and services enhancing mission capabilities, principally for the federal government. The Company defines, designs, develops, deploys, trains, operates, and maintains information technology and network solutions for federal civilian and defense agencies. SI International is ranked as the 40th largest Federal Prime IT Contractor by Washington Technology and has approximately 4,300 employees. More information about SI International can be found at www.si-intl.com.
The above-referenced statements may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals, financial information or reporting, and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements may involve a number of risks and uncertainties, which are described in the Company’s filings with the Securities and Exchange Commission. These risks and uncertainties include: changes in federal government (or other applicable) procurement laws, regulations, policies and budgets; risks relating to contract performance; changes in the risks associated with the competitive process or environment (including as a result of bid protests); and the important factors discussed in the Risk Factors section of the annual report on Form 10-K/A filed by the Company with the Securities and Exchange Commission and available directly from the Commission at www.sec.gov. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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Contact: Alan Hill
SI International
703-234-6854
alan.hill@si-intl.com