Thomas Group, Inc., (NasdaqGM:TGIS), today announced it has been awarded a SeaPort Enhanced (SeaPort-e) Indefinite Delivery, Indefinite Quantity (IDIQ) Prime Contract by the Naval Sea Systems Command (NAVSEA) Surface Warfare Center in Dahlgren, VA. This award has a five-year base term and one additional three-year award term.
SeaPort-e is a Web-based, e-business procurement Portal used to facilitate the acquisition of performance-based services that encompass 22 functional service areas and seven geographic contract zones across the U. S. Navy. SeaPort-e provides a faster, better, and more cost-effective means of contracting for professional support services. It furthers the Navy’s Seapower 21 objective to increase efficiency, and allows for tailoring services according to the needs of geographically-dispersed organizations with significantly diverse product area requirements and missions. The U.S. Navy estimates the award of $5.3 Billion per year in professional services through SeaPort-e procurement.
In competitively securing the SeaPort-e Prime contract, Thomas Group will implement its proprietary Process Value Management (PVM) change management methodology, a highly effective program already in widespread use throughout the U.S. Navy operations. PVM focuses on defining and driving process improvement, transparency across all related activities, and the elimination of non-value added activities. PVM links each step to others through a series of hierarchical leading metrics to facilitate management accountability throughout the enterprise.
“We are extremely pleased to be chosen as a Prime Contractor under the NAVSEA SeaPort-e acquisition program. For nearly 30 years, Thomas Group has delivered high value results that have improved the competitiveness of both our private and public sector clients. This contract award will enable Thomas Group to continue to partner with the U.S. Navy by supporting the Navy’s commitment to competitive procurement. Thomas Group, along with our initial teammates, P/E Limited and Nine Yards Media, look forward to actively competing throughout the U. S. Navy to continue effectively implementing our commercial PVM ’Best Practices’ approach to process and enterprise improvement and cultural change management services,” said Jim Taylor, Thomas Group CEO and president.
About Thomas Group
Thomas Group, Inc. (NasdaqGM: TGIS) is an international, publicly traded professional services firm specializing in operational improvements. Thomas Group's unique brand of process improvement and performance management services enable businesses to enhance operations, improve productivity and quality, reduce costs, generate cash and drive higher profitability. Known for Breakthrough Process Performance, Thomas Group creates and implements customized improvement strategies for sustained performance improvements in all facets of the business enterprise. Thomas Group has offices in Dallas, Detroit, and Hong Kong. For more information please visit www.thomasgroup.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act
Statements in this release that are not strictly historical are “forward-looking” statements, which should be considered as subject to the many uncertainties that exist in the Company’s operations and business environment. These uncertainties, which include economic and business conditions that may impact clients and the Company’s performance-oriented fees, timing of contracts and revenue recognition, competitive and cost factors, and the like, are set forth in the Company’s filings from time to time with the Securities and Exchange Commission, including the Company’s Form 10-K for the year ended December 31, 2006. Except as required by law, the Company expressly disclaims any intent or obligation to update any forward looking statements.
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