Austin, TX – November 18, 2015 – Bravatek Solutions, Inc. (OTCQB: ECRY) announced today that its Telecom Services Division, which it acquired from Viking in June, has signed a Letter of Intent with construction company YKTG, LLC, for a $10-million plus decommissioning project with a major cell phone carrier.
Work is expected to begin later this month and continue through January 2017.
“This is an important achievement for Bravatek,” said Bravatek Solutions, Inc.’s Chairman & CEO Thomas A. Cellucci, Ph.D., MBA. “The large sub-contract award related to these agreements validates our Viking acquisition and verifies the execution of our business and marketing strategies.”
Over the summer, the company said it planned to capitalize on its acquisition of Viking.
As a result of this deal, the Telecom Services Division is expected to become the exclusive provider of services on the project, in which the cell carrier has been turning down its network operating in a different spectrum band in favor of its LTE services.
Bravatek’s Telecom Services Division previously did work for the cell carrier under a separate indefinite quantity/indefinite quantity (IDIQ) contract.
“Viking Telecom Services started generating revenue within approximately two weeks of being acquired by Ecrypt, now Bravatek,” said Paul Canet, Viking’s General Manager. “This large contract, as well as the increased interest in Viking’s capabilities from around the globe, positions us to rapidly become an industry-leading tower company, by both leveraging our eight IDIQ contracts already in place and by expanding our top-tier capabilities to serve both emerging and established commercial and governmental worldwide market segments.”
Canet added: “In addition to the over $10 million of revenue that this agreement could generate, negotiations are underway for an O&M (Operation & Maintenance) contract with YKTG that could easily produce double the revenue of the previously mentioned contract.”
Last week, the company announced it had changed its name from Ecrypt to Bravatek. Cellucci acknowledged that this has been a big couple of weeks for the young company.
“The sales revenue related to this one project could far exceed both our shorter term, as well as our 12-month sales goals for Bravatek,” Cellucci said. “We also anticipate that our relationship with YKTG will lead to more sizable contracts.”
About Bravatek Solutions, Inc.
Ecrypt Technologies, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals to protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems.
For more information, visit www.bravatek.com.
Safe Harbor Statement
This press release contains certain “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. The economic, competitive, governmental, technological and other factors identified in the Company’s previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Bravatek Solutions, Inc.