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The Titan Corporation Awarded State of Wyoming's Year 2000 Contract with Cap Gemini America as Subcontractor - Potential Total Contract Value of $34 Million -
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Titan's subsidiary, Titan Software Systems of Colorado Springs, Colorado, is the prime contractor for the project. In addition to program management responsibilities, Titan Software Systems will use its Y2K facilities in Colorado Springs and Tampa, FL to perform assessment and remediation of mid-range, desktop, and selected mainframe applications. Project activity for this contract will encompass 31 million lines of code.
During Phase I and Phase II, Titan will perform an Inventory and Assessment of all of the State's Information Systems using our proven "Titan 2000" methodology to perform contract services. Concurrent activity on Phases I and II is expected to begin in August 1998 and conclude in October 1998. Phase III involves remediating applications through renovation and testing.
"Titan is providing a high quality, cost effective Y2K solution to the State of Wyoming" stated Gene W. Ray, President and Chief Executive Officer of Titan. "The combination of Titan's 'Year 2000' program management and client-server remediation expertise and Cap Gemini's expertise in mainframe remediation is a strong force, which will be influential in preparing Wyoming for the new millennium. We look forward to teaming with Cap Gemini in future engagements."
Wyoming Governor Geringer stated, "As a truly forward-thinking technological state, we want to make sure all of our systems are in place and ready to go well ahead of the 'magic' date. Titan's proven Y2K skills in similar projects made them the optimal candidate to assist the State of Wyoming in putting any potential Y2K problems well behind us." "It's critical for the public sector to address the Year 2000 so that the delivery of vital government services is uninterrupted," said Jim Woodward, Senior Vice President of Cap Gemini America and head of its TransMillennium(tm) Services group. "Cap Gemini America is increasing its role in providing Year 2000 services to the government sector, and we are excited by the opportunity to team with Titan to assist the State of Wyoming with its Year 2000 issues."
Cap Gemini America, which will focus its efforts on Year 2000 work involving mainframe systems, is a member of the Cap Gemini Group. Cap Gemini America, through its TransMillennium(tm) Services Group, uses a highly automated and factory-based approach to the date change challenge. The company's Year 2000 clients represent diverse major industries, including financial services, telecommunications, banking, insurance, manufacturing, utilities, healthcare, and government.
The Titan Corporation, headquartered in San Diego, CA is a leading provider and integrator of state-of-the-art information technology services, satellite communications systems and systems design/engineering services to the commercial sector and defense-related government agencies. Press releases and other Titan information are available on the Company's Web site at http://www2002.titan.com/home.html. To obtain more information about Titan 2000 and Titan Software Systems, visit our web site at http://www.cst.titan.com. Cap Gemini America's Year 2000 web site is http://www.usa.capgemini.com/y2k.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, dependence on continued funding of U.S. Department of Defense programs, government contract procurement and termination risks, and other risks described in the Company's Securities and Exchange Commission filings.