Versar, Inc. Awarded First Task Order Under EPA IDIQ Contract

SPRINGFIELD, VA / ACCESSWIRE / March 14, 2017 / Versar, Inc. (NYSE MKT: VSR) today announced that the Environmental Protection Agency (EPA) has awarded it a $1.4 million Task Order to provide technical expertise that will review and evaluate pesticide human exposure data.

The Task Order is the first awarded to Versar under an Indefinite Delivery Indefinite Quantity (IDIQ) contract awarded to Versar by the EPA’s Office of Pesticide Programs (OPP). On September 6, 2016, Versar announced that it had been awarded one of three IDIQ contracts supporting the EPA OPP’s provision of scientific data reviews and evaluations to support pesticide registration. The contract, with a period of performance through July 2021, is for a maximum of $20 million.

The Task Order consists of one base year and five option years. Each year calls for providing review and evaluation of Occupational and Residential Exposure data, worker protection evaluations, workshops, seminars and training, and exposure model and database development and enhancement.

Tony Otten, Chief Executive Officer of Versar, said, “Versar is pleased to have been awarded this Task Order by EPA’s OPP, a consistent and valued customer for more than 30 years. Versar competitively won this first task order as we continue to expand our ongoing three-decade working relationship with EPA OPP under the IDIQ contract.”

VERSAR, INC., headquartered in Springfield, Virginia, is a publicly-traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, and professional services market areas.

VERSAR operates the following websites: www.versar.com and www.versarpps.com.

Find out more about VERSAR at:

Twitter: https://twitter.com/VersarInc
Facebook: https://www.facebook.com/VersarInc
LinkedIn: http://www.linkedin.com/company/38251

This news release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar’s Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 26, 2015, as updated from time to time in the Company’s periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.

Contact:

Karin Weber
M&A, Investor Relations Manager
Versar, Inc.
(703) 642-6706
kweber@versar.com

Robert Ferri
Robert Ferri Partners
(415) 575-1589
robert.ferri@robertferri.com

SOURCE: Versar, Inc.

ReleaseID: 457001