Sypris Wins Award for Cryptographic Program
2023年11月13日 - 10:30PM
ビジネスワイヤ(英語)
Follow-On Program for Secure Communications
Infrastructure
Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc.
(Nasdaq/GM: SYPR), announced today that it has recently received a
follow-on award from a U.S. global defense contractor to
manufacture and test embedded circuit card assemblies that will
perform certain of the cryptographic functions for the Army Key
Management System (AKMS). Production is expected to begin in 2024.
Terms of the agreement were not disclosed.
The AKMS is a fielded system that consists of three subsystems:
local communications security management software (LCMS), automated
communications engineering software (ACES) and the simple key load
device. Under the umbrella of our nation’s Electronic Key
Management System, the AKMS provides tactical units and sustaining
bases with an organic key generation capability and an efficient
secure electronic key distribution means.
The LCMS workstation provides automated key generation,
distribution and communications security accounting. According to
news sources, the ACES, which is the frequency management portion
of AKMS, has been designated by the Military Communications
Electronics Board as the joint standard for use by all services in
development of frequency management and cryptographic net planning
and signal operation instructions generation.
The embedded circuit card assemblies to be produced by Sypris
will perform certain of the cryptographic functions for a
ruggedized, portable, hand-held simple key load device that will be
used to securely receive, store and transfer data between
compatible cryptographic and communications equipment. The device
incorporates features that provide for the streamlined management
of communications security key, electronic protection data and
signal operation instructions.
“This follow-on award is emblematic of our strong position as a
long-standing electronics manufacturing services partner in this
critical encrypted communications sector,” said Mark R. Kane, Vice
President & General Manager of Sypris Electronics. “Backlog on
this program now extends into 2025, which we believe will help
support the continuity of production and timely deliveries of this
important product to our national security for years to come.”
Sypris Electronics is a trusted provider of engineering and
manufacturing services for complex, mission-critical electronic
solutions for customers in the Defense, Space, Deep Sea
Communications and Industrial markets. Backed by over 50 years of
experience, the Company specializes in producing electronics for
high-cost-of-failure applications. For more information, please
visit www.sypriselectronics.com.
Forward-Looking Statements
This press release contains “forward-looking” statements
within the meaning of the federal securities laws.
Forward-looking statements include our plans and expectations of
future financial and operational performance. Each
forward-looking statement herein is subject to risks and
uncertainties, as detailed in our most recent Form 10-K and Form
10-Q and other SEC filings. Briefly, we currently believe that
such risks also include the following: the fees, costs and supply
of, or access to, debt, equity capital, or other sources of
liquidity; our failure to achieve and maintain profitability on a
timely basis by steadily increasing our revenues from profitable
contracts with a diversified group of customers, which would cause
us to continue to use existing cash resources; cost, quality and
availability or lead times of raw materials and electronic
components, natural gas or utilities including increased cost
relating to inflation; dependence on, retention or recruitment of
key employees and highly skilled personnel and distribution of our
human capital; the cost, quality, timeliness, efficiency and yield
of our operations and capital investments, including the impact of
inflation, tariffs, product recalls or related liabilities,
employee training, working capital, production schedules, cycle
times, scrap rates, injuries, wages, overtime costs, freight or
expediting costs; volatility of our customers’ forecasts and our
contractual obligations to meet current scheduling demands and
production levels, which may negatively impact our operational
capacity and our effectiveness to integrate new customers or
suppliers, and in turn cause increases in our inventory and working
capital levels; our failure to successfully complete final contract
negotiations with regard to our announced contract “orders”, “wins”
or “awards”; significant delays or reductions due to a prolonged
continuing resolution or U.S. government shut down reducing the
spending on products and services; adverse impacts of new
technologies or other competitive pressures which increase our
costs or erode our margins; breakdowns, relocations or major
repairs of machinery and equipment, especially in our Toluca Plant;
the termination or non-renewal of existing contracts by customers;
the costs and supply of insurance on acceptable terms and with
adequate coverage; the costs of compliance with our auditing,
regulatory or contractual obligations; health care or other benefit
costs; our failure to successfully win new business or develop new
or improved products or new markets for our products; war,
geopolitical conflict, terrorism, or political uncertainty,
including disruptions resulting from the Russia-Ukraine war arising
out of international sanctions, foreign currency fluctuations and
other economic impacts; our reliance on a few key customers, third
party vendors and sub-suppliers; inventory valuation risks
including excessive or obsolescent valuations or price erosions of
raw materials or component parts on hand or other potential
impairments, non-recoverability or write-offs of assets or deferred
costs; disputes or litigation involving governmental, supplier,
customer, employee, creditor, stockholder, product liability,
warranty or environmental claims; failure to adequately insure or
to identify product liability, environmental or other insurable
risks; unanticipated or uninsured product liability claims,
disasters, public health crises, losses or business risks; our
inability to patent or otherwise protect our inventions or other
intellectual property rights from potential competitors or fully
exploit such rights which could materially affect our ability to
compete in our chosen markets; changes in licenses, security
clearances, or other legal rights to operate, manage our work force
or import and export as needed; cyber security threats and
disruptions, including ransomware attacks on our systems and the
systems of third-party vendors and other parties with which we
conduct business, all of which may become more pronounced in the
event of geopolitical conflicts and other uncertainties, such as
the conflict in Ukraine; possible public policy response to a
public health emergency, including U. S or foreign government
legislation or restrictions that may impact our operations or
supply chain; or unknown risks and uncertainties. We undertake no
obligation to update our forward-looking statements, except as may
be required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231113907880/en/
Lawrence J. Bernicky Vice President of Finance
(813) 972-6040
Sypris Solutions (NASDAQ:SYPR)
過去 株価チャート
から 4 2024 まで 5 2024
Sypris Solutions (NASDAQ:SYPR)
過去 株価チャート
から 5 2023 まで 5 2024