PAE Awarded Task Order by the Southeastern Conference to provide COVID-19 Testing Services for Winter and Spring Sports

Rhea-AI Summary

On December 16, 2020, PAE (NASDAQ: PAE, PAEWW) was awarded a task order to provide COVID-19 testing services for winter and spring sports across all 14 universities in the Southeastern Conference. With support from Premier Medical Group, PAE aims to ensure the safety of athletes, coaches, and staff through effective testing logistics, continuing its commitment since fall 2020. PAE's substantial experience in project management and infectious disease response positions it as a trusted provider, extending its services through June 2021.

Positive

• Awarded task order for COVID-19 testing at 14 universities.
• Experience in infectious disease response enhances credibility.
• Continuity of services through June 2021 supports ongoing safety.

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• None.

FALLS CHURCH, Va., Dec. 16, 2020 (GLOBE NEWSWIRE) -- PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart solutions to the U.S. government and its allies, was awarded a task order to provide COVID-19 testing services for winter and spring sports for all 14 universities of the Southeastern Conference. 

PAE, supported by Premier Medical Group, deployed teams to SEC campuses for COVID-19 testing and related logistics for the safety of its fall sports programs beginning September 2020. The task order builds on the PAE team’s support of SEC safety objectives.

“PAE is providing its expeditionary skillset to entities across the country for COVID-19 response efforts, including these testing services that have been vital to supporting SEC teams, coaches and staff throughout the fall season,” PAE President and CEO John Heller said. “With this award, we’re trusted to maintain these high standards at SEC schools for winter and spring sports through early June 2021.”

PAE's experience in complex project management and operational logistics is key to meeting the SEC’s need for a COVID-19 test provider. PAE brings skills, knowledge and capabilities from a history of providing critical infectious disease outbreak response and care, extending from the Ebola crisis in 2014 to current COVID-19 support for the state of Georgia and the Navajo Nation.

About PAE
For 65 years, PAE has tackled the world’s toughest challenges to deliver agile and steadfast solutions to the U.S. government and its allies. With a global workforce of about 20,000 on all seven continents and in approximately 60 countries, PAE delivers a broad range of operational support services to meet the critical needs of our clients. Our headquarters is in Falls Church, Virginia. Find us online at pae.com, on Facebook, Twitter and LinkedIn.

Forward-Looking Statements
This press release may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about PAE’s possible or assumed future results of operations, financial results, backlog, estimation of resources for contracts, strategy for and management of growth, needs for additional capital, risks related to contracting generally, including failures to properly manage projects and subcontractors, susceptibility to claims, litigation and other disputes, and risks related to public health crises. These forward-looking statements are based on PAE’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside PAE’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.

Forward-looking statements included in this release speak only as of the date of this release. PAE does not undertake any obligation to update its forward-looking statements to reflect events or circumstances after the date of this release except as may be required by the federal securities laws.

For media inquiries regarding PAE, contact:

Terrence Nowlin
Senior Communications Manager
PAE
703-656-7423
terrence.nowlin@pae.com

For investor inquiries regarding PAE, contact:

Mark Zindler
Vice President Investor Relations
PAE
703-717-6017
Mark.Zindler@pae.com

FAQ

What is the recent task order awarded to PAE?

PAE was awarded a task order to provide COVID-19 testing services for winter and spring sports in the Southeastern Conference.

How many universities are involved in the COVID-19 testing service provided by PAE?

PAE is providing COVID-19 testing services for all 14 universities in the Southeastern Conference.

When does PAE's COVID-19 testing service extend until?

PAE's COVID-19 testing services are expected to continue through early June 2021.

Who supports PAE in providing COVID-19 testing services?

PAE is supported by Premier Medical Group for the COVID-19 testing services.

What experience does PAE bring to the COVID-19 testing project?

PAE has significant experience in complex project management and infectious disease outbreak response.