Sypris Electronics Awarded Multi-Year, $400 M IDIQ Contract from the Department of Defense

(Tampa, Fl., March 28, 2007) -- Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc., announced today it has been awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract from the Department of Defense for its KIV-19M Link Encryptor. This contract is in support of the U.S. Government's Cryptographic Modernization Initiative.

The competitive, five-year IDIQ contract is for the products of two vendors, including Sypris Electronics' cryptographically modernized KIV-19M. The contract has a not-to-exceed value of $400 million.

The KIV-19M is a fully ruggedized, dual channel Link Encryptor device designed to survive a host of battlefield conditions. The KIV-19M is a compact and lightweight unit with technology advancements not found in most encryption equipment. The KIV-19M will provide cryptographic security for all classifications of digital data traffic at exceptionally high speeds. A full range of ancillary devices and services are also available making the KIV-19M application, installation and maintenance simple, reliable and cost effective.

"We have a long-standing relationship of providing quality Information Assurance products and services to the Department of Defense. This award demonstrates our role as a key contractor in the Department of Defense-led, multibillion-dollar Crypto-Modernization Initiative," said Bob Sanders, President of Sypris Electronics. "This contract enables us to maintain our position as a leading supplier of Information Assurance equipment to the U.S. Government."

Source : Sypris Electronics