DLH Expands its Digital Transformation Services for the National Institute on Aging through $18.6 Million Award
15 Mayo 2023 - 7:00AM
DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the
“Company”), a leading provider of digital transformation,
systems engineering and integration, and science research and
development solutions to federal agencies, today announced that it
has been awarded a contract to continue and significantly expand
its IT services for the National Institute on Aging (“NIA”). NIA is
the third largest institute of the National Institutes of Health,
dedicated to supporting and conducting research to better
understand the nature of aging and the aging process, and diseases
and conditions associated with growing older.
The contract includes a base period of one year with four
one-year options, with a total value of $18.6 million. Through this
award, DLH will be responsible for driving key digital
transformation goals for the NIA Intramural Research Program, such
as DevSecOps (development, security, and operations) and scientific
poly-cloud enablement for high-performance computing and data
science. The Company will provide a wide range of IT solutions in
service of the customer’s research-based mission, including
integrating new and existing IT assets, applications, services, and
systems; digital transformation; cloud enablement, cybersecurity
ecosystem development, system architecture, systems administration,
service desk and technician support, scientific programming, and
more.
“We are honored for the opportunity to continue and expand our
relationship with the National Institute on Aging,” said Diane
Yarnell, President of DLH’s Civilian Health IT Business Unit. “We
are incredibly proud of our team for successfully managing the
multiple objectives of this contract and demonstrating our ability
to deliver innovative solutions and exceptional service to this
customer.”
“Through this award, DLH will leverage digital transformation
and cybersecurity capabilities to advance our customer’s vital
health and scientific mission,” added Zach Parker, DLH President
and CEO. “This critical, complex work exemplifies the broad range
of customer needs that DLH is now able to address and the types of
valuable opportunities that are available to our company moving
forward.”
About DLH
DLH (NASDAQ:DLHC) delivers improved health and national security
readiness solutions for federal programs through science research
and development, systems engineering and integration, and digital
transformation. The Company’s experts in public health, performance
evaluation, and health operations solve the complex problems faced
by civilian and military customers alike, leveraging digital
transformation, artificial intelligence, advanced analytics,
cloud-based applications, telehealth systems, and more. With over
3,200 employees dedicated to the idea that “Your Mission is Our
Passion,” DLH brings a unique combination of government sector
experience, proven methodology, and unwavering commitment to
innovation to improve the lives of millions. For more information,
visit www.DLHcorp.com.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995:
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements relate to future events or DLH´s future
financial performance. Any statements that refer to expectations,
projections or other characterizations of future events or
circumstances or that are not statements of historical fact
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which could cause actual events or DLH’s actual results to differ
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Forward-looking statements in this release include, among others,
statements regarding estimates of future revenues. These statements
reflect our belief and assumptions as to future events that may not
prove to be accurate. Our actual results may differ materially from
such forward-looking statements made in this release due to a
variety of factors, including: the outbreak of the novel
coronavirus (“COVID-19”), including the measures to reduce its
spread, and its impact on the economy and demand for our services,
are uncertain, cannot be predicted, and may precipitate or
exacerbate other risks and uncertainties; the risk that we will not
realize the anticipated benefits of the GRSi acquisition;
(including anticipated future financial operating performance and
results); diversion of management’s attention from normal daily
operations of the business and the challenges of managing larger
and more widespread operations resulting from the acquisition; the
inability to retain GRSi employees and customers; contract awards
in connection with re-competes for present business and/or
competition for new business; the risks and uncertainties
associated with client interest in and purchases of new services;
compliance with new bank financial and other covenants; changes in
client budgetary priorities; government contract procurement (such
as bid and award protests, small business set asides, loss of work
due to organizational conflicts of interest, etc.) and termination
risks; the ability to successfully integrate the operations of GRSi
and any future acquisitions; the impact of inflation and higher
interest rates; and other risks described in our SEC filings. For a
discussion of such risks and uncertainties which could cause actual
results to differ from those contained in the forward-looking
statements, see “Risk Factors” in the Company’s periodic reports
filed with the SEC, including our Annual Report on Form 10-K for
the fiscal year ended September 30, 2022, as well as subsequent
reports filed thereafter. The forward-looking statements contained
herein are not historical facts, but rather are based on current
expectations, estimates, assumptions and projections about our
industry and business.
Such forward-looking statements are made as of the date hereof
and may become outdated over time. The Company does not assume any
responsibility for updating forward-looking statements, except as
may be required by law.
CONTACTS:
MEDIA
Email: dlh.communications@dlhcorp.com
INVESTOR RELATIONS
Contact: Chris Witty
Phone: 646-438-9385
Email: cwitty@darrowir.com
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