Published: January 12, 2010
Argon ST, Inc. Explores Strategic Alternatives
FAIRFAX, Va. - (BUSINESS WIRE) - Argon ST, Inc. (NASDAQ: STST), a leading systems engineering,
development and services company providing full-service C5ISR (command,
control, communications, computers, combat systems, intelligence,
surveillance and reconnaissance) systems and services to a wide range of
defense and intelligence customers, today announced that the Company is
considering strategic alternatives, including acquisitions, mergers,
sale of the Company or other transactions. In this regard, the Company
has retained Stone Key Partners of Greenwich, CT. The Company's Board of
Directors may also determine that none of these alternatives are
appropriate at this time. The Company does not intend to disclose
developments regarding the consideration of strategic alternatives
unless and until the Company's Board of Directors has approved a
specific transaction.
About Argon ST, Inc.
Argon ST, Inc. designs, develops, and produces systems and sensors for
the Command, Control, Communications, Computers, Combat Systems,
Intelligence, Surveillance, and Reconnaissance (C5ISR) markets including
SIGINT (Signals Intelligence), ESM (Electronic Support Measures), EW
(Electronic Warfare), IO (Information Operations), imaging, and acoustic
systems serving domestic and international markets.
Statements in this press release which are not historical facts are
forward-looking statements under the provision of the Private Securities
Litigation Reform Act of 1995. These statements may contain words such
as "expects" , "could" , "believes" , "estimates" , "intends" , "may" ,
"envisions" , "targets" or other similar words. Forward-looking
statements are not guarantees of future performance and are based upon
numerous assumptions about future conditions that could prove not to be
accurate. Forward-looking statements are subject to numerous risks and
uncertainties, including without limitation the risks and uncertainties
identified in the reports filed by the Company with the Securities and
Exchange Commission (including the Company's Form 10-K for the fiscal
year ended September 30, 2009). Some of these specific risks, although
not all, are: general economic, business and political conditions
nationally and internationally, including federal budgetary priorities;
the market for the Company's products and services; changes in the U.S.
federal government procurement laws, regulations, and policies; the
number, length and type of contracts and task orders awarded to the
Company by its commercial and governmental customers; difficulties in
developing and producing operationally advanced technology systems; the
cost and availability of office and laboratory space; the timing and
customer acceptance of contract deliverables; the Company's ability to
attract and retain qualified personnel, including personnel with
appropriate security clearances; charges from any future impairment
reviews; the future impact of any acquisitions or divestitures the
Company may make; the competitive environment for information technology
products and services; availability of cash or capital; and other
factors affecting the Company's business that are beyond its control.
All of the forward-looking statements should be considered in light of
these factors. Investors should not put undue reliance on any
forward-looking statements. We undertake no obligation to update these
forward-looking statements to reflect new information, future events or
otherwise.
Argon ST, Inc.
Investor Contact:
Aaron Daniels, 703-995-5610
ir@argonst.com
or
Media
Contact:
Lori Hughes, 703-995-5610
media@argonst.com
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