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Homeland Security Capital Corporation Awarded $1.5 Million

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SEC & Teaming Partners to Perform Clean up at Los Alamos National Laboratory

 – By April Murelio –

Homeland Security Capital Corporation, an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief and security solutions to government and commercial customers, announced today that its environmental remediation subsidiary, Safety and Ecology Corporation (SEC) along with its protégé company ARS International was awarded a task order valued at $1.5M. The SEC team will perform the work under its Master Task Order Agreements (MTOA) contract, for projects at the Los Alamos National Laboratory. This is the first task order for field work awarded by Los Alamos National Laboratory under the MTOA, funded by the American Recovery and Reinvestment Act (ARRA).

C. Thomas McMillen, Chairman and CEO of HOMS said, “We are pleased to be awarded this stimulus task order as part of our previously announced contract, with a maximum ceiling of $100M.”

The team was awarded a task order valued at $1.5M to perform hazardous abatement and removal services at Los Alamos National Laboratory scheduled to be completed by June, 2010. This task order will staff approximately 20 people, including technical and field support personnel.

“We are excited to win this important task order and stand ready to perform,” said Christopher Leichtweis, CEO of SEC and President of HOMS. “SEC has assembled a well-qualified team and resources to ensure all removal activities are completed safely and on time.”

This is the first of many task orders to be issued under the MTOA, which as previously announced, are partially funded by the ARRA and contain a maximum approved capacity of $100M. The four awarded companies will bid competitively for a variety of Remedial Action / Decommissioning and Demolition services at Los Alamos National Laboratory.

This task order will be supported by subcontractors Weston Solutions, providing field engineering services, and Keers Remediation, providing asbestos and lead abatement.

Safety and Ecology Corporation (SEC) is a rapidly growing environmental services company in the U.S., providing services nationally, in Europe and the Caribbean. The Company specializes in the removal and remediation of hazardous nuclear materials for the U.S. Department of Energy, U.S. Department of Defense, and other federal agencies. SEC also provides advanced environmental services for private industry across the country and internationally. Since its founding in 1991, SEC has grown approximately 30 percent per year, and has emerged as a technology innovator with more than 450 personnel worldwide and with annual revenues of more than U.S. $70 million.

Homeland Security Capital Corporation is a company engaged in the strategic acquisition, development, and consolidation of homeland security-related businesses, within the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland. HOMS operates businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities.

HOMS’s portfolio of companies, in addition to SEC, includes:

Nexus Technologies Group, a mid-Atlantic security integrator for the corporate and governmental security markets that specializes in non-proprietary integrated security solutions including access control, alarm, video, communication, perimeter protection and bomb and metal detection security systems. Utilizing cutting-edge technologies, Nexus provides innovative, engineered and scalable solutions to effectively protect people, property and assets.

Polimatrix, Inc., a system integrator and total solutions provider delivering advanced radiation and nuclear protection and detection services. The company has been operating since September 2006 as a joint venture between Homeland Security Capital Corporation and Polimaster, Inc.


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