TAMPA, Fla.--Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today it has received a subcontract award from Science Applications International Corp. (NYSE: SAIC) to be responsible for the design and development of a modernized Missile Electronic Encryption Device (MEED) for use in controlling access to US land-based intercontinental ballistic missile silos.
While SAIC will lead the program management process, Sypris Electronics will provide technical and NSA certification leadership. With more than 50 years of encryption and certification experience and fielding the Type 1 key loader, Really Simple Key Loader (RASKL®), Sypris provides a wealth of experience for the delivery of a modernized MEED. The 22-month program includes design, development, documentation, integration, testing, certification, training, maintenance, and logistics of a modernized MEED device.
Debra Delise, Vice President of Engineering and Business Unit Lead for Information Security Solutions commented, “Sypris’ experience and history in producing legacy devices and developing high assurance security solutions positions us well to provide the modernized MEED. Sypris is excited to be working with SAIC and the United States Air Force to deliver a next generation system that secures a very critical component of our nation’s defenses.”
Sypris is a global, integrated security solutions provider serving the Government and Commercial sectors. Sypris is well known for leadership in cryptography, key management, identity authentication and access management, cyber security operations, and associated professional services. Sypris promotes an agile, innovative culture and state-of-the-art solution sets by strategically partnering with leading‐edge technology companies, agencies and universities. With 50 years of experience, Sypris is proud to develop, manufacture and integrate leading technologies that secure our global partners’ interests. For more information, please visit www.sypriselectronics.com.
This press release contains “forward-looking” statements within the meaning of federal securities laws. Actual results could differ materially from those projected in such forward-looking statements as a result of certain risk factors, including but not limited to those risk factors set forth in the Annual Report on Form 10-K, dated and filed March 31, 2015 with the Securities and Exchange Commission (SEC) by our parent company, Sypris Solutions, Inc. and other filings that Sypris makes with the SEC from time to time.