SYS Technologies Announces $39.5M Contract Award.

Business Editors and High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--Sept. 10, 2002

SYS Technologies (OTCBB:SYYS) announced today that the Port Hueneme Division of the Naval Surface Warfare Center (PHD NSWC) awarded the company the Advanced Underway Replenishment Engineering Services contract.

This award is a follow on to previous Underway Replenishment contracts, which SYS Technologies has been the incumbent since 1982. The newly awarded contract is greatly increased in scope over previous contracts. During the life of the contract, SYS Technologies will assist PHD NSWC in developing new concepts in Underway Replenishment in support of the Sea Basing capability, part of the recently announced Navy Transformation Roadmap. The Office of Naval Research, in support of Navy transformation and the Expeditionary Warfare future Navy capability, is funding the advanced UNREP project.

SYS Technologies recently announced contract awards of an additional $1.3M on their multi-million dollar, multi-year contract to support design, development, evaluation and implementation of Joint and National Systems. In July 2002, the company also announced awarded contracts of $2.8M, a result of the government's competitive bid process and include options of an additional $2.5M, for a total of $5.3M.

Cliff Cooke, president of SYS Technologies stated, "The totality of these awards demonstrate SYS Technologies' steady, top-line growth in the past year. We look forward to extending this growth path."

SYS Technologies has provided engineering, technical, financial and management services to a myriad of commercial and U.S. government customers since 1966. It currently has several multiple-year management and engineering service contracts with the U.S. Navy and General Services Administration at various locations across the country. The company, which has seen steady growth in recent years, is publicly traded. SYS Technologies has headquarters in San Diego at 9620 Chesapeake Drive, San Diego, Calif. 92123, and has offices in Carlsbad and Oxnard, Calif., Golden, Colo. and Arlington and Chesapeake, Va. For additional information, visit the SYS Technologies Web site at http://www.systechnologies.com.

This press release includes "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. All statements other than statements of historical fact included in this press release regarding the company's strategies, plans, objectives, expectations, and future operating results are forward-looking statements. Although SYS believes that the expectations reflected in such forward-looking statements are reasonable at this time, it can give no assurance that such expectations will prove to have been correct. Actual results could differ materially based upon a number of factors including, but not limited to, the state of economy, competition, unanticipated business opportunities, availability of financing, market acceptance, government regulation, dependence on key personnel, limited public market and liquidity, shares eligible for future sale, continuation and renewal of contracts and other risks that may apply to the company including risks that are disclosed in the company's Securities and Exchange Commission filings.