SYPR - Sypris secures contract for cryptographic program

Sypris Solutions' (SYPR) subsidiary Sypris Electronics received a follow-on award to manufacture and test embedded circuit card assemblies that will perform certain cryptographic functions for the Army Key Management System.Production is expected to begin in 2021.Terms of the agreement were not disclosed. The embedded circuit card assemblies to be produced by Sypris will perform the cryptographic functions for a ruggedized, portable, hand-held simple key load device that will be used to securely receive, store and transfer data between compatible cryptographic and communications equipment.The device has features that provide streamlined management of communications security key, electronic protection data and signal operation instructions. "Our customer is a worldwide leader in providing system-wide security that protects the entire signal chain. We are pleased to have this opportunity to continue our relationship with this customer" said Mark Kane, vice president and general manager of Sypris Electronics. SYPR +0.86% premarket to $3.50Source: Press Release

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Sypris secures contract for cryptographic program