Lakeland Awards $13 Million Smart Grid Contract to SAIC

MCLEAN, Va., June 21 /PRNewswire-FirstCall/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it has been awarded a prime contract by the City of Lakeland, Fla., to lead its new Smart Grid Initiative program. The contract has a 30-month period of performance and is valued at more than $13 million. Work will be performed primarily in Lakeland.

Through the city's Smart Grid Initiative program, Lakeland is seeking to reduce its annual carbon footprint by 14,000 tons while installing a smart grid infrastructure to facilitate future demand response and distributed automation capabilities. The city also expects the program to help improve operational efficiency, optimize capital investments to minimize energy prices, and facilitate time-of-use pricing to give consumers more control over their energy bills. These improvements will create an enhanced power grid with higher reliability and more dependable energy delivery than the current system.

"Lakeland Electric is embarking on an exciting project where in the near term our customers benefit with new rate options, improved metering operations, and enhanced outage management," said David Kus, Lakeland Electric assistant general manager. "Long term, the installation of a core Smart Grid system positions Lakeland Electric for the future."

Under the contract, SAIC will be responsible for the management, implementation, and integration of an Oracle Lodestar meter data management system; advanced metering infrastructure (AMI) headend systems from Sensus; 124,000 residential electric meters; and 5,000 home area network (HAN) devices. SAIC will also provide business process improvement, incorporate a service oriented architecture (SOA), install a customer facing Web Portal and transition the new business processes into the organization. The contract will be supplemented by a federal matching grant awarded to Lakeland.

"We are very excited that the City of Lakeland has selected SAIC to drive this important initiative," said Rex Ballard, SAIC senior vice president and business unit general manager. "The implementation of this technology prepares Lakeland to meet the challenges of managing their energy needs for the coming years. Their leadership in this endeavor will benefit them in future years."

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 $10.8 billion for its fiscal year ended January 31, 2010.  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, 2010, 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.

SOURCE SAIC

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