Business
Allen Vanguard teams with Science Applications International Corporation (SAIC) to pursue CBRNE Defense and counter-IED opportunities
- SAIC, Allen-Vanguard team to develop CBRNE Defense technologies in order to pursue internationa...
About this update from Verisante Technology, Inc.
[{"type":"text","content":"\n\n\n\n- SAIC, Allen-Vanguard team to develop CBRNE Defense technologies in\n order to pursue international decontamination and counter-IED\n opportunities\n- SAIC to distribute Allen-Vanguard products to U.S. federal agencies and\n international customers\n\n\nOTTAWA, May 20 /CNW Telbec/ - Allen-Vanguard Corporation (the "Company"\nor "Allen-Vanguard") (TSX: VRS) of Ottawa, announced today that it has signed\nagreements with Science Applications International Corporation (SAIC)\n(NYSE:SAI), each for an initial term of two years.\n\n\n"SAIC is a significant participant in large U.S. DoD CBRNE hardware and\nlogistics programs and will be a strong and credible integration teammate. We\nexpect that SAIC can substantially improve our positioning in large programs\nin the US and Canada." said David E. Luxton, President and CEO of\nAllen-Vanguard. "The agreements with SAIC will also help strengthen our market\nchannels with the U.S. Government for our broad line of counter-IED and CBRNE\nproducts and services."\n\n\nIn the agreements, SAIC and Allen-Vanguard agree to jointly develop CBRNE\ndefense technologies and training solutions in order to meet emerging U.S. and\nCanadian requirements. The technologies will have applications in North\nAmerican defense and security programs with potential sales in international\nmarkets.\n\n\nUnder the terms of the agreements, SAIC will also serve as a distributor\nfor Allen-Vanguard CBRNE defense hardware and materials. SAIC has provided\nAllen-Vanguard products and training services to U.S. and overseas clients for\nmany years. Allen-Vanguard's low signature delivery systems are particularly\npopular for use in large outdoor event settings and among Special Forces\nusers. The distributor agreement allows SAIC to pass favorable pricing on to\nexisting and new clients via a number of contract vehicles.\n\n\nAllen-Vanguard said that the potential value of the agreements with SAIC\nwould become apparent in stages over the next 12-18 months. The Company noted\nthat the agreements announced today were an important step in its stated\nstrategy to team selectively with prime contractors and system integrators who\nmanage many of the major counter-IED and CBRNE programs for military and\nhomeland security customers on an outsourced basis.\n\n\nForward looking stat...