SAIC Forms Strategic Alliance with Smart Grid Technology Company BPL Global, Ltd.
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
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