Fortress International Group Subsidiary Innovative Power Systems,
Inc. Wins $7 Million Contract With WMATA
COLUMBIA, Md., Jan. 30, 2013 /PRNewswire/ -- Fortress
International Group, Inc. (Other OTC: FIGI), a provider of
consulting and engineering, construction management and 24/7/365
site services for mission-critical facilities, is pleased to
announce today that its subsidiary, Innovative Power Systems, Inc.,
will provide Critical Batteries and other services to WMATA –
Washington Metropolitan Area Transit Authority. Services are to
include delivery components, storage, and charging of critical
batteries. The contract will extend over a five-year period, with
the majority of the revenue expected to be realized during the
first half of 2013.
Anthony Angelini, Fortress CEO,
stated, "We are pleased with this contract that Innovative was able
to secure with WMATA. The batteries are part of the mission
critical infrastructure of the Washington metropolitan transit system and
further represent the trust that major organizations are provided
every day from Fortress and our subsidiaries."
About Innovative Power Systems, a subsidiary of Fortress
International Group
Innovative Power Systems, Inc. is a preferred provider of
turn-key installation services for Critical Power and Cooling. With
DoD cleared personnel that include licensed electrical,
HVAC/mechanical, and factory certified technicians, we obtain the
highest level of customer satisfaction. We provide single source
project coordination and management services for installation and
life cycle maintenance of Critical Infrastructure power and cooling
systems. Our team has over 80 years of combined experience with
UPS, Generator, Critical Power & Cooling Systems, and
large-complex IT Projects for Public Sector and Commercial clients.
We have managed hundreds of installations throughout the world.
Other services include site planning and consultation, electrical
engineering, site surveys, equipment service (start-ups, emergency
service, preventive maintenance, and load bank tests), battery
installation and testing, generator installation, equipment
deliveries and battery recycling/disposal.
Innovative Power Systems, Inc. (www.invpower.com) is a wholly
owned subsidiary of Fortress International Group, Inc.
(www.thefigi.com) headquartered in Columbia, Maryland.
About Fortress International Group, Inc.
Fortress International Group, Inc. is leading
mission-critical facilities into a new era of maximum uptime and
efficiency. Fortress provides consulting and engineering,
construction management and 24/7/365 site services for the world's
most technology dependent organizations. Serving as a trusted
advisor, Fortress delivers the strategic guidance and pre-planning
that makes every stage of the critical facility lifecycle more
efficient. For those who own, lease or manage mission-critical
facilities, Fortress provides innovative end-to-end capital
management, energy, IT strategy, procurement, design, construction,
implementation and operations solutions that optimize performance
and reduce cost.
Fortress International Group, Inc. is headquartered in
Maryland, with offices throughout
the U.S. For more information, visit: www.thefigi.com or call
888-321-4877.
Fortress International Group, Inc. -- setting a new standard for
the optimized critical facility.
Forward Looking Statements
This press release may contain "forward-looking
statements" -- that is, statements related to future -- not past --
events, plans, and prospects. In this context, forward-looking
statements may address matters such as our expected future business
and financial performance, and often contain words such as
"guidance," "expects," "anticipates," "intends," "plans,"
"believes," "seeks," "should," or "will." Forward-looking
statements by their nature address matters that are, to different
degrees, uncertain. Particular uncertainties that could adversely
or positively affect the Company's future results include: the
Company's reliance on a significant portion of its revenues from a
limited number of customers; risks relating to operating in a
highly competitive industry; actual or potential conflicts of
interest between the Company and members of the Company's senior
management; risks relating to rapid technological, structural, and
competitive changes affecting the industries the Company serves;
the uncertainty as to whether the Company can replace its backlog;
risks involved in properly managing complex projects; risks
relating the possible cancellation of customer contracts on short
notice; risks relating our ability to continue to implement our
strategy, including having sufficient financial resources to carry
out that strategy; risks relating to our ability to meet all of the
terms and conditions of our debt obligations; uncertainty related
to current economic conditions and the related impact on demand for
our services; and other risks and uncertainties disclosed in the
Company's filings with the Securities and Exchange Commission,
including the Annual Report on Form 10-K for the fiscal year ended
December 31, 2011. These
uncertainties may cause the Company's actual future results to be
materially different than those expressed in the Company's
forward-looking statements. The Company does not undertake to
update its forward-looking statements.
If you'd like more information regarding this topic, please
contact Ms. Toi Barnhardt at
410.423.7382 or email at tbarnhardt@thefigi.com.
SOURCE Fortress International Group, Inc.
