Versar, Inc. (NYSE Amex:VSR) announced today that its wholly owned subsidiary, Professional Protection Systems Limited (PPS), located in Milton Keynes United Kingdom (UK), was awarded a framework agreement from Firebuy, a UK Government Professional Buying Organization specializing in fire, risk and safety products, and services. The estimated £3 million, or $4.6 million, award has an initial two year period followed by a further two year extension. The new award follows a previous Firebuy contract awarded in September 2009 for PPS’s new range of Gas Tight Suits. This new contract offers UK Emergency Services and other public sector organizations the ability to refresh or replace their current service equipment. PPS provides mass decontamination and personal protective equipment to organizations throughout the UK.
PPS’s two framework agreements, covering a maximum four year period give PPS the ability to provide equipment, training, and full service maintenance to UK organizations throughout the country.
Mark Whitcher, Managing Director of PPS, said, “PPS continues to develop relationships across the Emergency Services, Government Agencies and Industrial Markets in the UK, building on the 60 years of quality product supply with efficient and managed maintenance and service program. The award of both of these framework agreements develops and strengthens the growing supplier relationship of PPS to UK Emergency Services and Government Agencies.”
VERSAR, INC., headquartered in Springfield, VA, is a publicly held international professional services firm supporting government and industry in national defense/homeland defense programs, environmental health and safety and infrastructure revitalization. VERSAR operates a number of web sites, including the corporate Web sites, http://www.versar.com; http://www.homelanddefense.com; http://www.geomet.com; http://www.viap.com; http://www.dtaps.com; www.ppsgb.com; www.adventenv.com.This press release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar’s Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended June 26, 2009. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.