HiEnergy Technologies Announces Teaming and Reseller Agreements With Williams-Sterling and Strategy to Accelerate Growth
Thursday February 2, 9:00 am ET
IRVINE, Calif., Feb. 2 /PRNewswire-FirstCall/ -- HiEnergy Technologies, Inc. (OTC Bulletin Board: HIET - News), the homeland security industry leader in neutron-based diagnostic technology, announced today that it has entered into a teaming agreement and reseller agreement with Williams-Sterling, Inc., a leading Service Disabled Veteran Owned Small Business (SDVOSB) focused on providing systems integration, engineering consulting, and financial services to government and industry.
Through its agreements, Williams Sterling, Inc. and HiEnergy Technologies will jointly introduce and implement HiEnergy Technologies' groundbreaking Atometer(TM) explosive detectors, including the SIEGMA(TM), CarBomb Finder(TM) and STARRAY(TM) systems and future homeland security solutions to select federal agencies and designated senior level officials, effectuating the mandated 3% set-aside business opportunities which fall under the directive from the Executive Office of the President, Office of Management and Budget of December 12, 2004 (Executive Order 13360) for small business concerns owned and controlled by Service-Disabled Veterans.
"HiEnergy Technologies is pursuing a growth strategy which includes forging partnerships with leading regional and national integrators and contractors such as Williams-Sterling which benefit from unique positioning and offer complementary products and services," stated Dr. Bogdan Maglich, HiEnergy's Chairman and CEO. "We expect to continue to actively seek strategic partners with established integration businesses and distribution channels which will allow for more efficient access to our targeted markets and leverage our sales efforts."
"Williams-Sterling, Inc. is known for its knowledge and pursuit of excellence in the aviation and surface transportation markets, and in particular the security vulnerabilities of these markets. We have been looking for a teaming partner with the same entrepreneurial skills to jointly develop plans to pursue and market security strategies and solutions to meet the needs of the Federal Marketplace," said James H. Williams, Chairman of Williams-Sterling. "We are proud to have a Teaming Partnership with HiEnergy Technologies, and look forward to presenting security solutions that will positively affect the many challenges facing our nation's transit systems and critical infrastructure."
ABOUT WILLIAMS-STERLING, INC. (www.wsi-inc.net)
Williams-Sterling, Inc. (WSI), located in Virginia, is a Service Disabled Veteran Owned Small Business (SDVOSB) under Public Law 108-183 Section 3, unanimously passed by the U.S. Congress and enacted by the President of the United States, 20 December 2003, which provides it with "sole source" and "restricted competition" for federal procurements. As an integrator, WSI's projects have included, airports, airline maintenance centers, emergency operations centers, court facilities, data centers, and medical and detention facilities. These have ranged in size from $6,000 system studies to $100 Million airport system implementations. WSI's financial services division has available a $20 million revolving receivable facility/credit line to finance invoices from the Federal Government (to include State Government, Municipal Government, or Fortune 500 Corporations) for completed services and/or products. WSI also offers comprehensive security consulting and design services, including vulnerability and feasibility studies, systems analysis, and systems design.