Castellum, Inc. Announces $4.1 Million First New Contract Win with its Protégé, Epic Systems, Inc.
Castellum, Inc. (NYSE-American: CTM), a cybersecurity, electronic warfare, and software engineering services company, has announced a $4.1 million contract win in collaboration with its protégé, Epic Systems, Inc. The contract, awarded by the National Science Foundation (NSF), is for supporting NSF's Administrative Services Help Desk. Castellum's subsidiary, Corvus Consulting, , will have a 49% work share on the contract.
Glen Ives, President and CEO of Castellum, emphasized the importance of this milestone win and the company's commitment to the Small Business Administration's 'Mentor-Protégé' program. This program is part of Castellum's growth strategy, allowing them to support disadvantaged businesses and generate revenue from opportunities not otherwise available to the company.
Castellum, Inc. (NYSE-American: CTM), una società di servizi di cybersecurity, guerra elettronica e ingegneria software, ha annunciato una vittoria contrattuale di 4,1 milioni di dollari in collaborazione con il suo protetto, Epic Systems, Inc. Il contratto, assegnato dalla National Science Foundation (NSF), riguarda il supporto al Servizio di Help Desk dei Servizi Amministrativi della NSF. La sussidiaria di Castellum, Corvus Consulting, avrà una quota di lavoro del 49% sul contratto.
Glen Ives, Presidente e CEO di Castellum, ha sottolineato l'importanza di questa vittoria fondamentale e l'impegno della società verso il programma 'Mentor-Protégé' dell'Amministrazione per le Piccole Imprese. Questo programma è parte della strategia di crescita di Castellum, che consente loro di supportare le aziende svantaggiate e generare entrate da opportunità altrimenti non accessibili all'azienda.
Castellum, Inc. (NYSE-American: CTM), una compañía de servicios de ciberseguridad, guerra electrónica e ingeniería de software, ha anunciado una ganancia de contrato de 4.1 millones de dólares en colaboración con su protegido, Epic Systems, Inc. El contrato, otorgado por la Fundación Nacional de Ciencia (NSF), es para apoyar el Servicio de Asistencia Administrativa de la NSF. La subsidiaria de Castellum, Corvus Consulting, tendrá una participación laboral del 49% en el contrato.
Glen Ives, Presidente y CEO de Castellum, enfatizó la importancia de esta victoria trascendental y el compromiso de la empresa con el programa 'Mentor-Protégé' de la Administración de Pequeñas Empresas. Este programa es parte de la estrategia de crecimiento de Castellum, permitiéndoles apoyar a empresas desfavorecidas y generar ingresos a partir de oportunidades que de otra manera no estarían disponibles para la empresa.
Castellum, Inc. (NYSE-American: CTM)은 사이버 보안, 전자 전쟁 및 소프트웨어 엔지니어링 서비스 회사로서, 자신의 후배인 Epic Systems, Inc.와 협력하여 410만 달러 계약 수주를 발표했습니다. NSF(국립과학재단)가 수여한 이 계약은 NSF의 행정 서비스 헬프 데스크 지원을 위한 것입니다. Castellum의 자회사인 Corvus Consulting은 계약에서 49%의 작업 비율을 가질 것입니다.
Castellum의 회장 겸 CEO인 Glen Ives는 이번 중요한 승리의 중요성과 중소기업청의 '멘토-후배' 프로그램에 대한 회사의 의지를 강조했습니다. 이 프로그램은 Castellum의 성장 전략의 일환으로, 그들이 불우한 기업을 지원하고 회사가 otherwise 이용할 수 없는 기회로부터 수익을 창출할 수 있도록 합니다.
Castellum, Inc. (NYSE-American: CTM), une entreprise de services en cybersécurité, guerre électronique et ingénierie logicielle, a annoncé une gain de contrat de 4,1 millions de dollars en collaboration avec son protégé, Epic Systems, Inc. Le contrat, attribué par la National Science Foundation (NSF), est destiné à soutenir le service d'assistance administrative de la NSF. La filiale de Castellum, Corvus Consulting, aura une part de travail de 49% sur le contrat.
Glen Ives, Président et CEO de Castellum, a souligné l'importance de cette victoire décisive et l'engagement de l'entreprise envers le programme 'Mentor-Protégé' de la Small Business Administration. Ce programme fait partie de la stratégie de croissance de Castellum, leur permettant de soutenir les entreprises défavorisées et de générer des revenus grâce à des opportunités autrement indisponibles pour l'entreprise.
Castellum, Inc. (NYSE-American: CTM), ein Unternehmen für Cyber-Sicherheit, elektronische Kriegsführung und Software-Engineering-Dienstleistungen, hat einen Vertrag im Wert von 4,1 Millionen Dollar gewonnen, in Zusammenarbeit mit seinem Protegé, Epic Systems, Inc. Der Vertrag, der von der National Science Foundation (NSF) vergeben wurde, dient zur Unterstützung des Verwaltungsdienstleitungs-Helfers der NSF. Die Tochtergesellschaft von Castellum, Corvus Consulting, wird einen 49%-Anteil an der Arbeit im Vertrag haben.
Glen Ives, Präsident und CEO von Castellum, hob die Bedeutung dieses Meilensteins hervor und betonte das Engagement des Unternehmens für das 'Mentor-Protégé'-Programm der Small Business Administration. Dieses Programm ist Teil der Wachstumsstrategie von Castellum, die es ihnen ermöglicht, benachteiligte Unternehmen zu unterstützen und Einnahmen aus Gelegenheiten zu generieren, die dem Unternehmen sonst nicht zur Verfügung stünden.
- Secured a new $4.1 million contract with the National Science Foundation
- 49% work share for Castellum's subsidiary, Corvus Consulting,
- Participation in the SBA 'Mentor-Protégé' program opens up new revenue opportunities
- None.
Insights
This contract win is a positive development for Castellum, albeit modest in scale. The
The strategic value of this contract lies in Castellum's participation in the SBA Mentor-Protégé program. This initiative could potentially open doors to larger government contracts in the future, which are often set aside for small or disadvantaged businesses. By mentoring Epic Systems, Castellum positions itself to benefit from contracts it might not otherwise be eligible for, potentially accelerating its growth trajectory in the federal contracting space.
Investors should view this as a positive indicator of Castellum's ability to execute its growth strategy and diversify its revenue streams. However, given the relatively small size of the contract, it's unlikely to have a significant immediate impact on the company's financial performance.
VIENNA, Va., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) (“Castellum”), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, announces that teaming with its protégé Epic Systems, Inc. (“Epic”), a new
“We are proud to share this major milestone win with our protégé, Epic. We are very committed to providing mentor support and meeting our obligations to help Epic grow and succeed with more and larger wins in the future. The Small Business Administration “Mentor-Protégé” program is an important part of our growth strategy that allows us to help disadvantaged businesses succeed and generate revenue from opportunities otherwise not available to Castellum,” said Glen Ives, President and Chief Executive Officer of Castellum.
About Castellum, Inc.
Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government - https://castellumus.com/.
Cautionary Statement Concerning Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as “estimate,” “project,” “believe,” “anticipate,” “shooting to,” “intend,” “plan,” “foresee,” “likely,” “will,” “would,” “appears,” “goal,” “target” or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget or continuing resolution; and the Company’s ability to maintain the listing of its common stock on the NYSE American LLC. For a more detailed description of these and other risk factors, please refer to the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (“SEC”) which can be viewed at www.sec.gov. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.
Contact:
Glen Ives
President and Chief Executive Officer
Phone: (703) 752-6157
Contact: Info@castellumus.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0de00ee-75fd-41d4-964f-ab1f3eeadab4
FAQ
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