Tag: precise excet
Excet, a Precise Systems Company, Secures $31M Contract to Support U.S. Army DEVCOM CBC
Lexington Park, MD, November 7, 2024 – Excet, A Precise Systems Company, is proud to have been awarded a 5-year, $31M contract to provide engineering, logistics, technical experience, reliability, and data analytics capability to the U.S. Army Combat Capabilities Development Command (DEVCOM) Chemical Biological Center (CBC) Multi-spectral Aerosols and Target Technologies (MATT). This contract aims to advance the U.S. Army’s capabilities in aerosol-based battlefield technologies, target degradation, and non-lethal weapon assessment.
The project will focus on advancing aerosol technologies and innovative methods to optimize material development for battlefield and target applications. As outlined in the project’s scope, the Excet team will engage in a wide range of tasks, including the development and optimization of aerosol materials for mass extinction, degradation techniques, and target evaluation. These initiatives will support the Joint Non-Lethal Weapons Program (JNLWP) by conducting independent evaluations of non-lethal weapon (NLW) technology programs.
Excet, A Precise Systems Company, is partnered with SIMTECH, New Mexico State University (NMSU), Texas Tech University (TTU), EMRTC, Luna Labs, Ballydel, Advanced Fiber Technologies (AFT), Scientific Applications and Research Association, EFT Fibers, Southwest Research Institute (SwRI), SCITECH, and JRAD, ensuring a diverse set of specialized expertise.
“This contract award for the MATT initiative is a significant investment in the modernization of the U.S. Army’s battlefield and target technologies,” stated Dr. Jorge Maciel, Precise Systems Executive Vice President and Senior Scientist. “With the collaboration of industry and academic experts, we will develop advanced capabilities to enhance the protection of our warfighters, strengthen our defense posture, and provide cutting-edge solutions in aerosol and degradation technology for the battlefield.”
About Precise Systems
As a solutions-based company, Precise Systems is focused on innovation in support of the warfighters and aligning our expertise to deliver the highest quality of service. Powered by our highly skilled workforces, we provide expert consultation on network and weapons systems acquisition programs, maintenance/modernization programs, and sustainment programs with solutions in Digital Transformation, Advanced Engineering, Physical Sciences Research, Platform Lifecycle Support, Electronic Warfare, Interactive Training & Simulation, and Foreign Military Sales. Since our establishment, we have demonstrated and perfected our ability to manage the customer’s needs, no matter how complex – offering exceptional service and the Precise solution.
About Excet, A Precise Systems Company
Excet, A Precise Systems Company is a scientific and engineering firm that specializes in providing research, development, and technical support services to U.S. federal government agencies, particularly the Department of Defense. The company focuses on areas such as corrosion engineering, coating development, environmental remediation, chemical and biological defense, and naval applications. Since its inception, Excet has established itself as a key contractor in supporting critical defense and research initiatives.
Precise Systems Announces Acquisition of Excet, Inc.
Enhances and expands Precise Systems’ capabilities for Army and Navy customers
LEXINGTON PARK, MD and MCLEAN, VA, NOV 21st, 2023 – Precise Systems, Inc., a portfolio company of Bluestone Investment Partners, is pleased to announce the acquisition of Excet, Inc. (Excet) in a transaction that closed Friday, November, 10, 2023.
Founded in 2005, Excet is a Springfield, Virginia-based provider of scientific research and engineering services to the Department of Defense. The company offers physical sciences research to the U.S. Army and U.S. Navy through multiple contract vehicles. Excet supports customers at the Naval Research Lab (NRL) in Washington DC, the Army Research Lab in Edgewood, MD, and the Naval Air Station in Key West, FL, among other locations. Excet has proven expertise in Chemical, Biological, Radiological, Nuclear, and Explosives (CBRNE) threat assessment, biotechnology, chemistry, corrosion control, alternative energy, threat agent sciences, synthetic biology, and canine olfaction.
“The addition of Excet’s capabilities enhances our solutions-based service offerings to our customers,” said Scott Pfister, President and Chief Executive Officer of Precise Systems. “Since our partnership with Bluestone Investment Partners began in January 2023, one of our key strategic initiatives has been to find acquisition targets that complement and advance Precise’s capabilities principally in support of the Department of Defense. Excet is a perfect fit to do just that.”
Rich Matuszko, the founder of Excet, noted, “The Precise Systems team shares our commitment to serving our customers, first and foremost. The larger platform of Precise will give us the support and scale to help us continue growing and delivering for the customer.”
Excet boasts over 100 employees of whom over 40 percent possess advanced degrees in engineering, chemistry, biology, and related disciplines. Excet’s team will be joining Precise Systems and continuing to execute physical sciences research. With the addition of Excet, Precise Systems now has over 1,000 employees supporting customers across the United States.
Bluestone Investment Partners completed its investment in Precise Systems in January of this year, commencing a partnership to help the company continue its rapid growth. Excet represents the first acquisition for Precise Systems since Bluestone invested.
About Precise Systems
As a solutions-based company, Precise Systems is focused on innovation in support of the warfighters and aligning our expertise to deliver the highest quality of service. Powered by our highly skilled workforces, we provide expert consultation on network and weapons systems acquisition programs, maintenance/modernization programs, and sustainment programs with solutions in Digital Transformation, Advanced Engineering, Physical Sciences Research, Platform Lifecycle Support and Technical Services. Since our establishment, we have demonstrated and perfected our ability to manage the customer’s needs, no matter how complex, offering exceptional service and Precise solutions.
Media Contact: Kristina “Nina” McKeaver | (240) 317-5360 | KMckeaver@GoPrecise.com
About Bluestone Investment Partners
Bluestone is a private equity firm investing exclusively in lower middle-market companies in the defense and government services arena. Bluestone’s principals have a long and successful track record owning, operating, investing in, and advising companies in the defense and government services sector.