Legend Power Systems Inc
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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Growth
Based in Canada
Company profile

Legend Power Systems Inc. is a Canada-based company, which is engaged in providing energy management platform. The Company's principal business activities are the assembly, marketing, and sale of a, the SmartGATE, which enables power management of an entire commercial or industrial building. The Company operates through two segments: : Legend Power Systems Canada (Legend Canada) and Legend Power Systems Corp.- U.S. (Legend U.S.). SmartGATE is an energy management system that installs after the meter in line with its switchgear. The Company serves various sectors, including commercial real estate (CRE) multi-family, commercial real estate (CRE) office, industrial, education, and energy service companies (ESCOs). The Company's subsidiary include Legend Power Systems Corp.

Closing Price
$0.209
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.209
Day's Low
0.209
Volume
2,500

KBR to Protect U.S. Air Force Systems and Software with $44M Task Order

6:00 am ET May 23, 2022 (PR Newswire) Print

KBR will identify, mitigate, and eliminate vulnerabilities and protect systems and software from unauthorized access, use, disclosure, disruption, modification or destruction.

KBR (NYSE: KBR) announced today it has been awarded a $44 million task order to protect U.S. Air Force systems and software from unauthorized access, use, disclosure, disruption, modification or destruction. This effort directly supports the Air Force Life Cycle Management (AFLCMC) Cyber Systems Engineering Directorate.

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KBR was awarded this contract under the Department of Defense Information Analysis Center's (DoD IAC) multiple-award contract (MAC) vehicle. These DoD IAC MAC task orders (TOs) are awarded by the U.S. Air Force's 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the Defense Technical Information Center (DTIC) repository and the R&D and S&T community.

"We are excited to be a part of this significant project to protect the Air Force's most vital systems, to include command and control, force protection and emerging technology systems and capabilities," said Byron Bright, KBR Government Solutions President. "This is an important win for KBR's continued growth in the Air Force cybersecurity area and is indicative of our strategic commitment to cybersecurity."

Under the five-year task order, KBR will perform research, analysis, and assessments for the AFLCMC Engineering Directorate to identify, mitigate, and eliminate system vulnerabilities to protect systems and software. KBR will work to reduce the residual risk to operating USAF systems and software and shall include conducting assessments to inform the implementation of the information security requirements prescribed by the Federal Information Security Modernization Act and other Department of Defense and USAF directives for cybersecurity and Information Assurance.

KBR is proud to be a leader in advancing air, space, cyber, and missile defense systems for the U.S. military. For more than 10 years, KBR has researched, assessed, and engineered cybersecurity solutions in support of critical DoD systems.

About DoD IAC Program

The DoD IAC, sponsored by Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science and technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission critical roles in 34 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com.

Forward Looking Statement

The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the significant adverse impacts on economic and market conditions of the COVID-19 pandemic and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company's ability to manage its liquidity; the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; the possibility of cyber and malware attacks; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.

The company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

This material is based upon work supported by the DoD Information Analysis Center Program (DoD IAC), sponsored by the Defense Technical Information Center under Contract No. FA8075-18-D-0015.

Approved for Public Release, Distribution Unlimited. Any opinions, findings and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the DoD.

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SOURCE KBR, Inc.

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