U.S. Navy Executes Second Option Year

IR Nav

 September 7, 2018 - 8:30 AM EDT
Print Email Article Font Down Font Up Charts

U.S. Navy Executes Second Option Year

U.S. Marine Corps Forces Reserve – MARFORRES Regional Contracting Command contract was renewed for its second ordering period to Sysorex Government Services, Inc.

HERNDON, Va., Sept. 07, 2018 (GLOBE NEWSWIRE) -- Sysorex, Inc. (OTCQB: SYSX), a leading information technology solutions and services company, today announced that the MARFORRES Regional Contracting Command contract was renewed for its third ordering period (second option period) to Sysorex Government Services, Inc. a wholly owned subsidiary of Sysorex, Inc. Sysorex Government Services will continue to provide support for MARFORRES enterprise products supporting application optimization, visibility and control across the hybrid enterprise.

“We are pleased to continue our work on this important project with the MARFORRES RCC. The support for this program is critical for the readiness of our warfighters,” said Zaman Khan, CEO of Sysorex. “Our partners will ensure advance replacement parts that are processed prior to shipping cut-off time are shipped for a next business day delivery.”

Sysorex Government Services, Inc. also holds several other federal prime contract vehicles including GSA IT Schedule 70, NITAAC CIO-CS, NASA SEWP V, US PTO, FBI TAPS and BOP.

About Sysorex
Sysorex, Inc. (OTCQB: SYSX) provides information technology solutions and services to commercial and government customers primarily in the United States. Sysorex’s goal is to deliver right-fit information technology solutions that help organizations reach their next level of business advantage. To that end, Sysorex provides a variety of IT services and/or technologies that enable customers to manage, protect, and monetize their enterprise assets whether on-premises, in the cloud, or via mobile. For more information regarding Sysorex, please visit www.sysorexinc.com

Cautionary Statement Regarding Forward Looking Statements
All statements in this release that are not based on historical fact are “forward-looking statements” (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended), including but not limited to statements regarding Sysorex’s expectations of its ability to effectively pursue its operating priorities and strategies and to achieve growth and profitability.  You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words.  These forward-looking statements are subject to a number of risks, including those described in the risk factors set forth in Sysorex’s registration statement on Form 10, as amended, originally filed with the Securities and Exchange Commission (SEC) on June 15, 2018, including the Information Statement filed as exhibit 99.1 to the Form 10, as such factors may be updated from time to time in periodic filings with the SEC, which are available on the SEC’s web site at www.sec.gov.  Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements.  These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in Sysorex’s filings with the SEC. Sysorex undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

For More Information:
CORE IR
Scott Arnold, +1 516-222-2560
Managing Director
www.coreir.com

sysorex-logo3000x627.jpg


Source: GlobeNewswire (September 7, 2018 - 8:30 AM EDT)

News by QuoteMedia
www.quotemedia.com