Versar Awarded $5 Million NOAA Chesapeake Bay Office Contract
Versar, Inc. (NYSE Amex: VSR) announced today the award of a new $5 million, three-year contract from the U.S. Department of Commerce, National Oceanic & Atmospheric Administration (NOAA) to provide scientific and technical support to the National Marine Fisheries Service’s Chesapeake Bay Office (NCBO). Versar will provide services including habitat survey design and assessments, ecosystem restoration, fisheries modeling, ecosystem-based management, information management, and educational outreach. On-site scientific staff may provide support at a number of different facilities, including the Cooperative Oxford Laboratory in Oxford, Maryland, and at NCBO headquarters in Annapolis, Maryland.
Mr. Anthony Otten, CEO of Versar, said, “We are pleased that NOAA selected Versar to continue to assist their Chesapeake Bay Office in meeting its natural resources and environmental management responsibilities for the Chesapeake Bay. This contract complements other major Versar Chesapeake Bay Program contracts with the Maryland Department of Natural Resources. Versar has been deeply involved in natural resource management of the Chesapeake Bay for over 30 years and we look forward to continuing to provide quality scientific services to meet the environmental challenges facing the Bay.”
VERSAR, INC., headquartered in Springfield, VA, is a publicly held global project management company providing sustainable solutions to government and commercial clients in construction management, environmental services, munitions response, telecommunications and energy. VERSAR operates a number of web sites, including the corporate Web sites, www.versar.com, www.homelanddefense.com, www.geomet.com; www.viap.com; www.dtaps.com; www.adventenv.com, and www.ppsgb.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 25, 2010, as updated from time to time in the Company’s periodic filings The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.
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