SAIC Forms Strategic Alliance with Smart Grid Technology Company BPL Global, Ltd.
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SAIC Forms Strategic Alliance with Smart Grid Technology Company BPL Global,
Ltd.
SAIC Teams with BPLG to Provide Intelligent Integration Solutions to Improve
Efficiency and Reliability of Utility Networks
MCLEAN, Va. and SAN DIEGO, Oct. 8 /PRNewswire-FirstCall/ -- Science
Applications International Corporation (SAIC) (NYSE: SAI) today announced it
has formed a strategic alliance with BPL Global, Ltd. (BPLG), a smart grid
technology company that develops and deploys solutions to improve the
efficiency and reliability of utility networks. As a part of the alliance,
SAIC has a $10 million minority stake in BPLG.
Working together, SAIC and BPLG will focus on addressing the entire life cycle
of utility customer needs through the intelligent transformation of electrical
network and utility operations. From strategy consulting to large-scale
solution deployments, SAIC and BPLG will market a holistic approach to
addressing energy, environment, infrastructure and sustainability challenges.
The alliance couples SAIC's expertise in utility engineering, asset
consulting, program management, systems integration, design/build, renewable
energy, cybersecurity, data analytics, and climate science with BPLG's smart
grid solutions.
BPLG's solutions include the PowerSG® solution suite, a service-oriented
architecture based integration platform supporting solutions that address the
energy delivery value chain from the substation to customer premises. BPLG's
PowerSG solutions help utilities improve reliability, integrate distributed
energy resources, enhance demand management capabilities, monitor critical
grid assets, and provide real-time control.
"This investment and our strategic alliance with BPLG represent further
strides in SAIC's strategy to provide life-cycle capabilities to the rapidly
evolving power industry, following our recent acquisition of R.W. Beck Group,
Inc.," said J.T. Grumski, SAIC senior vice president and business unit general
manager. "We look forward to integrating a number of SAIC's capabilities into
the PowerSG platform and further expanding our support to this growing
market."
"We are at an inflection point for the smart grid industry," said Keith
Schaefer, CEO of BPL Global. "Stimulus funding in the U.S. and countries
around the world has significantly increased the number and size of grid
modernization projects. SAIC, with a rich legacy of innovation and strong
presence in the electric utility industry, is well positioned to contribute to
the development and deployment of smart grid technology on a global scale."
About SAIC
SAIC is a FORTUNE 500® scientific, engineering, and technology applications
company that uses its deep domain knowledge to solve problems of vital
importance to the nation and the world, in national security, energy and the
environment, critical infrastructure, and health. The company's approximately
45,000 employees serve customers in the U.S. Department of Defense, the
intelligence community, the U.S. Department of Homeland Security, other U.S.
Government civil agencies and selected commercial markets. Headquartered in
McLean, Va., SAIC had annual revenues of $10.1 billion for its fiscal year
ended January 31, 2009. For more information, visit www.saic.com. SAIC:
From Science to Solutions®
Statements in this announcement, other than historical data and information,
constitute forward-looking statements that involve risks and uncertainties. A
number of factors could cause our actual results, performance, achievements,
or industry results to be very different from the results, performance, or
achievements expressed or implied by such forward-looking statements. Some of
these factors include, but are not limited to, the risk factors set forth in
SAIC's Annual Report on Form 10-K for the period ended January 31, 2009, and
other such filings that SAIC makes with the SEC from time to time. Due to such
uncertainties and risks, readers are cautioned not to place undue reliance on
such forward-looking statements, which speak only as of the date hereof.
Contact: Melissa Koskovich Laura Luke
(703) 676-6762 (703) 676-6533
melissa.l.koskovich@saic.com laura.luke@saic.com
SOURCE SAIC
Melissa Koskovich, +1-703-676-6762, melissa.l.koskovich@saic.com, or Laura
Luke, +1-703-676-6533, laura.luke@saic.com, both of SAIC
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