Sep. 15, 2009 (Business Wire) -- Homeland Security Capital Corporation “HSCC” (OTCBB:HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief and security solutions to government and commercial customers, announced today that Nexus Technologies Group (“Nexus”), a mid-Atlantic security integrator for the corporate and governmental security markets, has been awarded a contract and change orders totaling approximately $150,000 for the design, engineering and installation of an integrated security system at a large municipality’s public safety complex.
Nexus was originally hired to engineer and implement a complex integrated access control and CCTV system for this multi-use public safety complex. Encompassing in excess of 250,000 square feet and including a Police Station, Fire Station, EMS Station, 911 call center, Courthouse, and jail cells as well as several public areas, this project presented incredibly complex functionality, integration and connectivity challenges. In addition, the complex has several outlying buildings and Nexus is also integrating the operation of several gates and perimeter access devices.
After completion of the majority of the work, and a delay in the project due to financing issues, Nexus has been re-engaged to complete the installation and commissioning of the access control and CCTV systems at the facility. The highly specific and complex requirements of the building’s design and the diverse nature of the occupants required a highly engineered, multi-functional security solution that is a Nexus core competency.
Completion of the work under this contract is expected by the end of first quarter of fiscal 2010.
In addition, the dollar amount of the security upgrade work that Nexus was engaged to perform at Nuclear Power Generating Station reported on August 20, 2009, has been increased by 70% from $100,000 to $171,000. The increase in this contract represents Nexus’ continued expansion of its relationship with this owner of multiple Nuclear Generating Stations.
Completion of the work at the nuclear generating station is expected by the end of the second quarter of fiscal 2010.
Michael T. Brigante, Nexus’ CEO, commented, “These are two excellent examples of Nexus’ ongoing commitment to its customers. Our customer satisfaction programs, with our application of new technologies, unique design capabilities and cost efficiencies continue to make Nexus the provider of choice for complex projects.”
About Nexus Technologies Group
Nexus, a mid-Atlantic security integrator for the corporate and governmental security markets that specializes in non-proprietary integrated security solutions including access control, alarm, video, communication, perimeter protection and bomb and metal detection security systems. Utilizing cutting-edge technologies, Nexus provides innovative, engineered and scalable solutions to effectively protect people, property and assets. For more information about Nexus, visit www.nexusna.com.
About Homeland Security Capital Corporation (HSCC)
HSCC is a company engaged in the strategic acquisition, development, and consolidation of homeland security-related businesses, within the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland. HSCC operates businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities.
HSCC’s portfolio of companies, in addition to Nexus, includes:
Safety and Ecology Corporation (SEC) is a rapidly growing environmental services company in the U.S., providing services nationally, in Europe and the Caribbean. The Company specializes in the removal and remediation of hazardous nuclear materials for the U.S. Department of Energy, U.S. Department of Defense, and other federal agencies. SEC also provides advanced environmental services for private industry across the country and internationally. Since its founding in 1991, SEC has grown approximately 30 percent per year, and has emerged as a technology innovator with more than 450 personnel worldwide and with annual revenues of more than U.S. $70 million. For more information on SEC, visit www.sec-tn.com.
Polimatrix, Inc., a system integrator and total solutions provider delivering advanced radiation and nuclear protection and detection services. The company has been operating since September 2006 as a joint venture between Homeland Security Capital Corporation and Polimaster, Inc. For more information about Polimatrix, visit www.polimatrix.com.
For more information about Homeland Security Capital Corporation, visit www.hscapcorp.com.
This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future activities, performance, events or developments, are forward-looking statements. Although Homeland Security Capital Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements.