DRC Enters Into Cooperative Research and Development Agreement With the U.S. Army Communications-Electronics Research, Develo...
20 August 2013 - 2:00PM
Dynamics Research Corporation (Nasdaq:DRCO), a leading technology
and management consulting company focused on driving performance,
process and results for government clients, today announced that it
has entered into a Cooperative Research and Development Agreement
with the Intelligence and Information Warfare Directorate of the
U.S. Army Communications-Electronics Research, Development and
Engineering Center.
Under the agreement, DRC and the Army will accelerate the
integration, assessment and transition of technology with minimized
development and lifecycle costs. Work under the agreement will
focus on development and evaluation in a tactical cloud integration
laboratory with the objective of transitioning advancements to the
Distributed Common Ground System standard cloud.
"DRC is on the forefront of high performance computing. We value
this opportunity to work collaboratively with our government
customers to research next generation models and develop prototypes
that bring the benefits of big data to real world missions," said
Jim Regan, DRC's chairman and chief executive officer.
"Understanding the credibility and the origin of data will allow
users to make better decisions on the battlefield."
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides technology and
management consulting solutions focused on driving performance,
process and results for government clients. DRC offers innovative
solutions and delivers rock-solid results. DRC has large company
capabilities and small company agility. Founded in 1955, DRC is a
publicly held corporation (Nasdaq:DRCO) and maintains more than 25
offices nationwide with major offices in Andover, Massachusetts and
the Washington, D.C. region. For more information please visit our
website at www.drc.com.
Certain statements contained in this news release, which are not
historical facts or are related to future plans, events, revenues
and earnings expectations, objectives and outlooks, are forward
looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and, by their nature, are uncertain
and subject to a number of risks and uncertainties that could
adversely affect the Company's results. We can provide no assurance
that these statements will prove to be correct. Consequently,
actual results could materially differ from these statements. For
more detailed information concerning how these risks and
uncertainties could affect the Company's financial results, please
refer to DRC's most recent forms 10-K and 10-Q and other documents
filed with the Securities and Exchange Commission. Further, the
Company is under no duty or obligation to update or revise any
forward looking statements as a result of events or new
information.
CONTACT: Investors:
Chris Witty
Darrow Associates, Inc.
646.438.9385
cwitty@darrowir.com
Media:
Ilina Dimitrova
Sage Communications (for DRC)
703.531.8256
ilinad@aboutsage.com
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