The wholly owned subsidiary of Trigyn Technologies Ltd, Trigyn Technologies, Inc., with its partner Envision Innovative Solutions, Inc. (Prime Contractor), has been awarded a five (5) year contract, to provide support services to the U.S. Army Software Engineering Center (SEC) located at Picatinny Arsenal, in Wharton, New Jersey. The Software Engineering Center (SEC) was established to develop and engineer software for weapons, training, and combat support systems. Trigyn and Envision will support Functional Area 3 (Software Process Assurance) and Functional Area 4 (SEC Infrastructure Support). Six (6) teams were selected to support the contract, which has a value $45 million dollars.
This award facilitates Trigyn's continued expansion into the Federal Government sector, where today Trigyn participates on several other Federal Government contracts including, eFAST (Electronic Federal Aviation Administration Accelerated and Simplified Tasks), FAA, Washington, DC, RS3 (Responsive Strategic Sourcing for Services), U.S. Army, Aberdeen Proving Grounds (APG), Maryland and T4NG (Transformation Twenty-One Total Technology Next Generation), Veterans Administration, Washington, DC.
Trigyn also holds a contract with the U.S. General Services Administration (GSA) - Information Technology Schedule 70 - General Purpose Commercial Information Technology Equipment, Software and Services (GS-35F-139A) SIN 132-51 (Information Technology Professional Services). This contract vehicle covers a broad range of Labor Categories and enables Trigyn to respond to U.S. Federal as well as State and Local Government opportunities.
Shares of TRIGYN TECHNOLOGIES LTD. was last trading in BSE at Rs.129.4 as compared to the previous close of Rs. 129.95. The total number of shares traded during the day was 40252 in over 653 trades.
The stock hit an intraday high of Rs. 134 and intraday low of 128.05. The net turnover during the day was Rs. 5298746.