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SAIC Completes Acquisition of Icon Systems, Inc. SAN DIEGO and MCLEAN, Va., April 21, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Science Applications International Corporation (NYSE: SAI) announced today that it has completed the acquisition of Icon Systems, Inc. (Icon) a recognized leader in the design, development and production of state-of-the- art laser-based systems and products for military training and testing.
SAIC Completes Acquisition of Icon Systems, Inc. SAN DIEGO and MCLEAN, Va., April 21, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Science Applications International Corporation (NYSE: SAI) announced today that it has completed the acquisition of Icon Systems, Inc. (Icon), a recognized leader in the design, development and production of state-of-the-art laser-based systems and products for military training and testing. This acquisition strengthens SAIC's position in the live training environment and enables the company to provide a more comprehensive array of capabilities in this arena.
Headquartered in San Diego with more than 100 employees, Icon's capabilities include expertise in Multiple Integrated Laser Engagement System (MILES) and Tactical Engagement Simulation System (TESS) technologies for individual combatant and platform live training.
Icon will function as an operation within SAIC's Analysis, Simulations, Systems, Engineering and Training business unit, and will operate under the continuing leadership of Himanshu Parikh, Icon's co-founder and chief executive officer. "This acquisition represents a significant step toward our goal to advance our live training offerings," said Beverly Seay, SAIC senior vice president and business unit general manager. "The need for this type of simulated training will continue to grow across the military services because it is critical to preparing the warfighter for success in combat. This is a solid strategic move that gives us significant opportunities to help our customers -- both national and international -- enhance warfighter readiness and effectiveness."
About SAIC SAIC is a FORTUNE 500(R) scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure and health. The company's approximately 44,000 employees serve customers in the Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008. For more information, visit http://www.saic.com.
SAIC: From Science to Solutions(R) Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward- looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2008, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
Contact: Melissa Koskovich 703-676-6762 koskovichm@saic.com Laura Luke 703-676-6533 laura.luke@saic.com SOURCE SAIC http://www.saic.com
SAIC Signs Agreement to Acquire Icon Systems, Inc. SAN DIEGO and MCLEAN, Va., March 10, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Science Applications International Corporation (NYSE: SAI) announced today that it has signed a definitive agreement to acquire Icon Systems, Inc. (Icon) a recognized leader in the design, development and production of state-of-the- art laser-based systems and products for military training and testing. This acquisition strengthens SAIC's position in the virtual and live training environments and allows the company to provide a more comprehensive array of capabilities in this arena.
Icon will be an operation within SAIC's Analysis, Simulations, Systems, Engineering and Training business unit under the continuing leadership of Himanshu Parikh, Icon's co-founder and chief executive officer. "Like SAIC, Icon is a company of entrepreneurs and innovators who look for ways to solve our customers' most vexing challenges," said Parikh. "Our cultures match up well. We both have a strong focus on providing opportunities for our people and building close relationships with our customers."
"We are extremely pleased with this acquisition as it represents a significant step toward our goal of embedding training and achieving convergence in live, virtual and constructive offerings," said Beverly Seay, SAIC senior vice president and business unit general manager. "Icon is uniquely positioned to provide the government with tactical engagement simulation systems containing current and next generation products and technologies. They have transformed the live training industry by successfully fielding an advanced wireless system for laser-based tactical training, substantially reducing the life cycle logistics cost for those systems."
"We look forward to welcoming the Icon team of professionals to the SAIC team," said Deborah Alderson, president of SAIC's Defense Solutions Group. "Their skills and technology coupled with our proven training systems will position SAIC to become a major provider of embedded training in a wide variety of combat vehicles, making the transition from training to real world seamless to our warfighters and their commands."
The acquisition is expected to close in April 2008, subject to customary closing conditions including termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
About Icon Headquartered in San Diego with more than 100 employees, Icon is a recognized leader in the design, development and production of state-of-the- art laser-based systems and products for military training and testing. Icon's capabilities include expertise in Multiple Integrated Laser Engagement System (MILES) compatible Tactical Engagement Simulation Systems (TESS) for individual combatant and platform live training.
About SAIC SAIC is a leading provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. Government civil agencies, as well as to customers in selected commercial markets. With approximately 44,000 employees in more than 150 cities worldwide, SAIC engineers and scientists solve complex technical challenges requiring innovative solutions for customers' mission-critical functions. SAIC had annual revenues of $8.3 billion for its fiscal year ended January 31, 2007.
SAIC: FROM SCIENCE TO SOLUTIONS(R) Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward- looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2007, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Contact: Melissa Koskovich, McLean
SOURCE SAIC
Icon Products Showcased at Capitol Hill Demonstration San Diego, CA--February 8, 2008 – Icon Systems, Inc. (Icon) supported The U.S. Army Program Executive Office for Simulation, Training and Instrumentation’s (PEO STRI) annual Capitol Hill Demonstration in Washington, D.C., where members of Congress and their staffs had the opportunity to experience military simulations and training devices that prepare our Warfighters for their real world missions, to include deployments to Iraq or Afghanistan.
The Icon products showcased during the event were the Instrumented Multiple Integrated Laser Engagement System Combat Vehicle System (IMILES CVS) and the Wireless Independent Target System (WITS). Both systems are being purchased and fielded by PEO STRI to various locations throughout the Army. The WITS system is currently in use at the Army’s premier live training facilities, the Combat Training Centers. The IMILES CVS will start fielding to Army installations this summer. Both systems use wireless technology to make the system easier to use and install in various training applications. In addition, the IMILES CVS program uses components of the WITS program to lower costs and increase sustainability in the field.
PEO STRI demonstrated its various programs to Congress members and their staffs on Tuesday, Feb. 5 in the Dirksen Auditorium, and on Thursday, Feb. 7 in the Rayburn Foyer. The demonstrations show a wide range of PEO STRI’s products and capability to support our Warfighters. Icon is especially proud to have its products selected as part of the PEO STRI team for the demonstration. CSM Bill Beck, US Army, Retired, an Icon employee from the Orlando Office was one of the approximately 120 government and contract personnel who supported the event.
Historically, PEO STRI’s Capitol Hill Demonstration has attracted more than 700 guests, including Senators, Representatives and their supporting professional and personal staff. It showcased the importance of supporting the training devices and tools necessary to keep our Armed Forces ready and strong.
Icon has participated in this annual event for the past three years and we are proud of our relationship with PEO STRI and our ultimate user – the Warfighter.
This event was sponsored by Senators Mel Martinez and Bill Nelson, along with Representatives Ric Keller, Tom Feeney, Randy Forbes, and Solomon Ortiz.
Icon Systems Signs Tracer Effects Modification to the MILES-CVS Program San Diego, CA--August 17, 2007 – Icon Systems today announced that they have signed a modification to their contract with Tec-Masters to provide realistic virtual tracer effects into the primary sights of the Army’s Abrams and Bradley family of combat vehicles in support of the Multiple Integrated Laser Engagement System (MILES)-Combat Vehicle System (CVS) training system. This capability will give the crews more realistic training by incorporating virtual content into a live training simulation. Icon will team with D&S Consultants, Inc. (DSCI) to develop engineering prototypes which will be evaluated and tested by users, leading to a production effort.
Icon chose DSCI as sub-contractor for the Tracer Effects modification to the CVS program based on their demonstrated talent in the virtual simulation field. Himanshu Parikh, Icon’s CEO added, “We are excited to be working with the DSCI team. I’m confident that our combined experience and dedication will deliver the Warfighter an increased training capability that is critical in today’s challenging, full spectrum operations. This is a great enhancement to our existing CVS effort.”
“DSCI has a very good working relationship with Icon Systems and we believe that this joint effort will provide the DoD training community with an innovate and comprehensive solution for its virtual injection of simulated effects. With Icon’s recognized experience in building live training systems and DSCI’s expertise in virtual simulation and optics, this was a natural partnership,” said DSCI’s Chief Executive Officer, Steven A. De Chiaro. Earlier this year (please see our 5 March 2007 press release) Icon Systems through its partner Tec-Masters, was awarded a contract to provide MILES- CVS to PM TRADE’s Product Manager for Live Training Systems. MILES CVS will replace older MILES equipment currently used in the Army’s force-on-force training exercises with state-of-the-art equipment providing better training fidelity. MILES CVS will provide an advanced training capability, reduced life cycle support costs and more realistic simulation technology for combat vehicle systems. The tracer effects modification was an objective requirement for the base MILES-CVS.
Icon Systems wins Multiple Integrated Laser Engagement System Combat Vehicle System (MILES CVS) San Diego, CA--March 5, 2007-San Diego based Icon Systems, Inc., has
been awarded a contract to provide Multiple Integrated Laser Engagement System
(MILES) Combat Vehicle Systems (CVS) to the U.S. Army Program Executive Office
for Simulation, Training and Instrumentation (PEO STRI). The contract, awarded
through Tec-Masters, Inc., is worth $35 million if all options are exercised.
MILES CVS will replace older MILES equipment currently used in the Army’s
force-on-force training exercises with state-of-the-art equipment providing
better training fidelity. MILES CVS utilizes One Tactical Engagement Simulation
System (OneTESS) technology, while providing an advanced training capability,
reduced life cycle support costs and more realistic simulation technology for
combat vehicle systems. Work on the project will be completed in the Icon Systems San Diego and
Orlando offices. Both offices anticipate expansion as a result of the contract.
“The MILES CVS program takes advantage of Icon Systems’ core competence – delivering reliable and innovative tactical engagement simulation systems to our military customers,” said Himanshu Parikh, CEO and founder of Icon Systems. “We are pleased to be chosen by Tec-Masters as a key team member to provide our troops with realistic training systems.” Icon Systems specializes in state-of-the-art design, development and
production of innovative, rugged, and quality Tactical Engagement Simulation
Systems (TESS) products which promote and enhance warfighter and first responder
readiness and effectiveness. Icon Systems, established in 1992, is a privately
owned and operated company, with engineering, manufacturing and administrative
facilities in San Diego, CA and Orlando, FL. Tec-Masters, Inc. (TMI) is a Small Business with headquarters in Huntsville, AL and offices located throughout the United States to provide engineering, information systems technology, logistics support, multimedia and management services.
Icon Systems wins Best Program and Innovation awards and spot on the Military Training Technology Top 100 List San Diego, CA--December 6, 2005-San Diego based Icon Systems, Inc.,
with offices in San Diego, CA and Orlando, FL, has been named to the Military
Training Technology "Top 100" List for 2005 and received two awards for its
efforts, Best Program and Innovation. The Top 100 is compiled by Kerrigan Media International and Military Training
Technology magazine, and provides a listing of companies that have made a
significant impact in the military training industry during the past year. Military Training Technology invited almost 300 candidates to provide
information for the awards and also invited any interested companies to apply.
Based on submissions and additional information, the publication's editorial
board and a panel of independent experts then selected 100 winners. Companies
were selected based on various criteria, which, in part, included sales,
end-user feedback, innovations and need for the solution. Kerrigan cited Icon for its accomplishments in the field of tactical training
systems: "Icon Systems continues to bring new ideas to the tactical engagement
system arena. As a key partner on the OneTESS team, Icon is bringing its
innovation, engineering and manufacturing expertise to allow revolutionary
indirect fire realism on future training battlefields. Its implementation of
technologies on OneTESS will not only support today’s force on force
requirements, but tomorrow’s integrated LVC warfighter’s training and
operational battlefield demands.”
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