Evermedia Group and Honeywell Technology Solutions sign subcontract agreement

The Evermedia Group (PINKSHEETS: EVRM) affiliate System Technology Solutions, Inc. (STS) announced a task order driven subcontract agreement with Honeywell Technology Solutions, Inc. (Honeywell), a division of Honeywell International.

Under a $22,426,474, indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee, performance-based prime contract, STS will provide engineering support to the Navy, Department of Defense (DoD), and other government agencies, including the Defense Logistics Agency (DLA). This development follows the Department of the Navy approval of STS's capabilities to accommodate The Space and Naval Warfare Systems Center (SPAWAR); this authorization required a technical review of STS conducted by Department of Defense. Previously mentioned in a late August press release, STS recently received approval to identify Honeywell as prime.

By its terms, the subcontract agreement indicates STS will perform a broad range of SPAWAR services directed toward the commission of Automated Fuel Handling Equipment (AFHE). Specifically, the majority of tasks within STS's capabilities will include automated equipment installation for fuel handling facilities pursuant to the Phase IIB Automation Program and Automated Tank Gauging (ATG) replacement program. Under the subcontract, STS technicians are responsible for the installation of ATG and automated fuel service station equipment in accordance with DLA-established standards and guidelines. Additionally, STS must coordinate these tasks between existing field devices and legacy Business Systems Modernization (BSM) software systems, formally known as Fuel Automated Systems (FAS). Although AFHE represents the primary focus of the subcontract agreement, other tasking available to STS includes installation and maintenance of enhanced security systems and automated information system development such as database, Geographical Information Systems (GIS), and web-based systems.

According to Dick Weitzel, CEO of STS, "We're enthusiastic the Honeywell subcontract will demonstrate its value in both the short and long term. Currently, we're preparing to perform issued task orders, bearing in mind the importance of our continued relationship to Honeywell," said Weitzel. "We greatly appreciate the opportunity to participate in this renovation effort; STS will perform our ATG tasks such that Honeywell will extend us more opportunities."