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Homeland Security Capital Corp.’s (HOMS.OB) Security Integrator Subsidiary Awarded $100,000 in Security Work

Source: http://Blog.QualityStocks.net/?p=17321
Posted on Thursday, August 20th, 2009 | In Market Commentary, Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -

Homeland Security Capital Corp. is an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief and security solutions to government and commercial customers. HSCC has just made a major announcement that will be critical to the future of the company for expansion and positive cash flow.

HBCC announced that Nexus Technologies Group, a mid-Atlantic security integrator for the corporate and governmental security markets, and majority owned subsidiary of HSCC, has been awarded a contract totaling approximately $100,000 for services and equipment to facilitate the expansion of the security system at a Nuclear Power Generating Facility.

A high profile east coast utility is currently upgrading and expanding its security infrastructure and security systems at one of its Nuclear Power Generating Facilities located in the mid-Atlantic region. Nexus has established a pristine reputation and has been the vendor of choice for this utility at several other Nuclear Power Generating Facilities. This additional contract has been issued to Nexus to provide engineering, technical and project management services to support this highly complex work process at another of the utility’s nuclear plants. Furthermore, Nexus will be deploying complex technologies and supplying specialized equipment required to complete these projects.

When asked about the contract, NEXUS CEO Michael T. Brigante stated, “The Company was awarded these contracts based on our technical abilities and expertise as well as our previous experience working with these technologies at other nuclear power stations. Our presence in this segment of the security industry continues to grow as we seek high value complex projects in the energy infrastructure marketplace.”

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