ANDOVER, Mass., Aug. 20, 2013 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading technology and management consulting company focused on driving performance, process and results for government clients, today announced that it has entered into a Cooperative Research and Development Agreement with the Intelligence and Information Warfare Directorate of the U.S. Army Communications-Electronics Research, Development and Engineering Center.
Under the agreement, DRC and the Army will accelerate the integration, assessment and transition of technology with minimized development and lifecycle costs. Work under the agreement will focus on development and evaluation in a tactical cloud integration laboratory with the objective of transitioning advancements to the Distributed Common Ground System standard cloud.
"DRC is on the forefront of high performance computing. We value this opportunity to work collaboratively with our government customers to research next generation models and develop prototypes that bring the benefits of big data to real world missions," said Jim Regan, DRC's chairman and chief executive officer. "Understanding the credibility and the origin of data will allow users to make better decisions on the battlefield."
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides technology and management consulting solutions focused on driving performance, process and results for government clients. DRC offers innovative solutions and delivers rock-solid results. DRC has large company capabilities and small company agility. Founded in 1955, DRC is a publicly held corporation (Nasdaq:DRCO) and maintains more than 25 offices nationwide with major offices in Andover, Massachusetts and the Washington, D.C. region. For more information please visit our website at www.drc.com.
Certain statements contained in this news release, which are not historical facts or are related to future plans, events, revenues and earnings expectations, objectives and outlooks, are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and, by their nature, are uncertain and subject to a number of risks and uncertainties that could adversely affect the Company's results. We can provide no assurance that these statements will prove to be correct. Consequently, actual results could materially differ from these statements. For more detailed information concerning how these risks and uncertainties could affect the Company's financial results, please refer to DRC's most recent forms 10-K and 10-Q and other documents filed with the Securities and Exchange Commission. Further, the Company is under no duty or obligation to update or revise any forward looking statements as a result of events or new information.