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Sypris Electronics (SYPR) Awarded Multi-Year, $200 Million IDIQ Contract from the U.S. Department of Defense

Nov. 11, 2009 (Business Wire) — Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/NM: SYPR), announced today that it has been awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract from the United States Department of Defense (DoD) for its RASKL® (KIK-30) electronic key fill device. This contract is in support of the DoD’s modernization effort to replace the aging KYK-13 key fill device. The product was designed and will be produced at the Sypris Electronics facility located in Tampa, Florida.

The RASKL IDIQ contract is for a five-year period with a not-to-exceed value of $200 million. The IDIQ contract is the U.S. Government’s vehicle for its Services and Agencies to order the RASKL and product ancillaries.

The Really Simple Key Loader, or RASKL, is a modernized electronic key fill product used for loading keying data into secure communication equipments. Due to the demanding, tactical environments for which the product was designed, RASKL is fully ruggedized, small, lightweight, requires no formal training and implements a one-button “key squirt” process for simplified loading operations. The RASKL holds up to 40 modern electronic keys and is depot repairable.

“Sypris Electronics is a strategic partner and key contractor with the Department of Defense in support of their security initiatives and modernization efforts,” said John Walsh, President of Sypris Electronics. “This contract award further demonstrates our position as a leading provider of information assurance solutions to the U.S. Government.”

Sypris Electronics is a world-class, integrated systems solutions provider. Our ruggedized electronic products, advanced engineering services and complete electronic manufacturing capabilities are aligned to provide our customers the best people, practices and technologies to continually exceed expectations. We consistently promote an agile, innovative culture by strategically partnering with leading-edge technology companies, agencies and universities. With over 40 years of experience, Sypris Electronics is proud to develop, manufacture and integrate leading technologies into mission critical electronics systems that secure America’s interest. Visit for additional company information.

Wednesday, November 11th, 2009 Uncategorized
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