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Awards
In our history, others in the business and professional arenas have
recognized MTC as a leader, and have acknowledged our accomplishments in the past. MTC has
been cited by Forbes as 54th among "America's 200 Best Small Companies 2006;" by Washington
Technology as 34th in revenue growth among the "Top 100" IT Federal Prime Contractors;
by Aviation Week & Space Technology as 2nd among "Top Performing Small Companies;"
and by the Dayton Business Journal as 1st among top Dayton-area federal contractors.
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WPAFB F-15 and F-16 SPOs award "Contractor of the Year" award to MTC employees.
MTC, as an 8(a) company, recognized multiple times by Inc. magazine as "one of the fastest growing companies in the U.S."
MTC Technologies, Inc. Chairman Awarded Honorary Doctor of Humane Letters Degree
DAYTON, Ohio, June 20 /PRNewswire-FirstCall/ -- The Board of Trustees and President Kim Goldenberg of Wright State University, Ohio, were pleased to award an honorary Doctor of Humane Letters degree to Mr. Rajesh K. Soin at the University's commencement ceremonies on June 11, 2005. The nomination for the Honorary Degree, given for outstanding individual contributions and service, recognized Mr. Soin as, "A man of the highest ethics who has exemplified the pioneering spirit that built the United States and, in addition, this devoted family man has given generously of his time and resources to numerous charitable and community projects." The nomination further recognized Mr. Soin's vision and entrepreneurial spirit in the founding of several companies that have strengthened the economic and program relations between the University and the business community. Foremost among these companies is MTC Technologies, Inc. (Nasdaq: MTCT) of which he is founder and chairman. Also cited was Mr. Soin's extraordinary and varied philanthropy, which have not only included substantial gifts to Wright State University, but have resulted in the establishment of a hospital (named after his father) in India and the initiation of National Day of Caring, which is now practiced in many parts of the united States. "I feel so truly proud to receive this honor and to be a part of this great University," said Dr. Soin. "As I look back over the nearly 40 years since the University's founding and see how it has prospered -- that is an exceptional story. But, as we look to the future and realize what our University has accomplished in preparing for it just in the past year -- that is astounding. We have started construction of the Wright Center of Innovation as an advanced data management and analysis center, construction has also started on a new trading and training center for the Business School, and the University has made a major commitment to upgrade science and technology laboratories over the next several years. It is these initiatives that will prepare us for the future, and give enhanced stature to Wright State University throughout the country." This is the second time Wright State University has singled out Dr. Soin for significant recognition. The first occurred in August 2000 when the University renamed the College of Business -- the "Raj Soin College of Business", in recognition of Dr. Soin's entrepreneurial spirit, his outstanding business acumen, and his many contributions to the world community. MTC, through its wholly owned subsidiaries, provides systems engineering, information technology, intelligence, and program management services to the federal government. Cited by BusinessWeek as the 11th fastest growing small company in the United States, by Forbes as 23rd of America's 200 best small businesses, by Washington Technology as 59th in revenue growth among the "Top 100" of IT Federal Prime Contractors, and ranked 2nd by Aviation Week & Space Technology as the "Top Performing Small Company," MTC employs approximately 2,700 people in more than 40 locations. The company was founded in 1984 and is headquartered in Dayton, Ohio. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not present or historical fact, such as statements regarding MTC's plans and financial performance are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, forward-looking statements. These risks and uncertainties include: risks related to the growth of our FAST program, including strains on resources and decreases in operating margins; federal government audits and cost adjustments; differences between authorized amounts and amounts received by us under government contracts; government customers' failure to exercise options under contracts; changes in federal government (or other applicable) procurement laws, regulations, policies and budgets; our ability to attract and retain qualified personnel; our ability to retain contracts during re-bidding processes; pricing pressures; undertaking acquisitions that might increase our costs or liabilities or be disruptive; integration of acquisitions; and changes in general economic and business conditions. For more information concerning these risks and uncertainties, see the Securities and Exchange Commission filings for MTC. These statements reflect the Company's current beliefs and are based upon information currently available to it. Be advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time, and we specifically disclaim any obligation to update these statements.
For further information on MTC, visit the website at http://www.mtctechnologies.com.
MTC Company Receives Nunn-Perry Mentor/Protege Award
DAYTON, Ohio, March 31 /PRNewswire-FirstCall/ -- MTC Technologies, Inc. and subsidiaries (Nasdaq: MTCT), a significant provider of engineering, technical, and management services to the Department of Defense and national security agencies, announced its subsidiary, Manufacturing Technologies, Inc. (MTI), is the recipient of the 2005 Nunn-Perry Award. The award is given annually by the Department of Defense (DoD) to deserving mentor-protege teams of prime contractors and small disadvantaged businesses. The mentor-protege program encourages prime contractors (mentors) to develop the technical and business capabilities of small disadvantaged businesses (proteges). Awards are determined by the success of the mentor-protege team in achieving cost efficiencies, enhancing the protege's technical capabilities, and increasing new business opportunities. MTI of Fort Walton Beach, Florida, partnered with Muskogee Metalworks of Atmore, Alabama and Alabama A&M University to develop Muskogee Metalworks from a metal stamping and low volume machining firm into a fully capable multi- product company. Despite plant devastation after Hurricane Ivan, the team persevered and is now a machining, fabrication, and electronics company providing aviation-related products to the Air Force. The program also served to strengthen the social, cultural, and economic conditions of the Poarch Creek Indian Tribe, the owners of Muskogee Metalworks. This successful team's accomplishments resulted in a 250 percent increase in jobs at Muskogee and increased work in progress from $130,000 to almost $4 million. "This achievement is a great reflection on both the small businesses, which are the engines driving the American economy, and the larger prime contractors, who make an investment to grow the small business community," said Joseph G. Diamond, Director of the Air Force Small and Disadvantaged Business Utilization Office. "It's a winning situation for the Air Force and the nation; it strengthens our defense industrial base and helps develop the small businesses that contribute so much to the sustainment of Air Force warfighting capabilities." The award, presented at the DoD Mentor-Protege Conference on March 16 in Orlando, Florida, was enacted in 1990 and named in honor of former Senator Sam Nunn and former Secretary of Defense William Perry, whose sponsorship and commitment were instrumental in creating and implementing the DoD Mentor- Protege program. "It is a great honor for MTI to win this prestigious award, but it is an even greater honor to team with the hard-working and enthusiastic men and women of Muskogee Metalworks," said Clifton Gilmore, MTI's President and Vice President of its parent company, MTC. "MTI has benefited so much from the DoD Mentor-Protege program, that we felt becoming a mentor and helping the Poarch Band of the Creek Indians was the right thing to do." MTC, through its wholly owned subsidiaries, provides systems engineering, information technology, intelligence, and program management services to the federal government. Cited by BusinessWeek as the 11th fastest growing small company in the United States, by Forbes as 23rd of America's 200 best small businesses, and by Washington Technology as 2nd in revenue growth among the "Top 100" of IT Federal Prime Contractors, MTC employs over 2,500 people in more than 40 locations. The company was founded in 1984 and is headquartered in Dayton, Ohio. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not present or historical fact, such as statements regarding MTC's plans and financial performance are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, forward-looking statements. These risks and uncertainties include: risks related to the growth of our FAST program, including strains on resources and decreases in operating margins; federal government audits and cost adjustments; differences between authorized amounts and amounts received by us under government contracts; government customers' failure to exercise options under contracts; changes in federal government (or other applicable) procurement laws, regulations, policies and budgets; our ability to attract and retain qualified personnel; our ability to retain contracts during re-bidding processes; pricing pressures; undertaking acquisitions that might increase our costs or liabilities or be disruptive; integration of acquisitions; and changes in general economic and business conditions. For more information concerning these risks and uncertainties, see the Securities and Exchange Commission filings for MTC. These statements reflect the Company's current beliefs and are based upon information currently available to it. Be advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time, and we specifically disclaim any obligation to update these statements.
For further information on MTC, visit the website at http://www.mtctechnologies.com.
Raj Soin Named Bradley University Distinguished Alumnus
Rajesh K. Soin, Chairman and CEO of Soin International and Chairman of the Board, MTC Technologies, Inc., was named the Bradley University Alumni Association’s 2004 Distinguished Alumnus, and inducted into the university’s prestigious Centurion Society on October 28. Raj earned his Master of Science degree in industrial engineering from Bradley in 971. The Distinguished Alumnus Award and membership in the Centurion Society are prestigious honors bestowed on a select group of Bradley University’s most accomplished alumni. They were conferred during the Peoria, IL university’s Founder’s Day ceremonies.
The Distinguished Alumnus Award, the university’s highest alumni honor, was adopted by the Alumni Association in the spring of 1952 to recognize graduates who, through their professional or civic accomplishments, bring the highest distinction to themselves, their community, and the university. Candidates must exemplify the qualities of irreproachable character and outstanding citizenship. Their achievements are evaluated on the basis of whether they have made a “change for the better” in the their respective fields of endeavor or other significant areas.
In nominating Raj for the honor, Dr. Joseph T. Emanuel, Bradley professor of industrial and manufacturing engineering and technology, said that while Raj’s business accomplishments alone would be enough to qualify him for the award, his philanthropic activities and active community support put him over the top. Dr. Emanuel secured letters of support for Raj’s nomination from Berkwood M. Farmer, dean of the Raj Soin College of Business at Wright State University; Phillip L. Parker, president and CEO of the Dayton Area Chamber of Commerce; U.S Senator George Voinovich; and Congressman Michael Turner.
“Mr. Soin’s personal, professional and business career has focused on ways to improve the economic well being of individuals and society while being a catalyst for educational excellence and community economic development,” Dean Farmer wrote in support of Raj’s nomination. In addition to the “true success story” of MTC Technologies, Raj has invested in numerous other entrepreneurs around the globe, Dean Farmer said, “providing them with the necessary guidance and resources to establish and grow business ideas.”
Dean Farmer also noted Raj was a founding trustee and first president of the Ohio-India Project, which includes the Ghandi House, a transitional house for women in need, and the annual Day of Caring, aimed at helping the homeless and hungry. He also is the primary contributor and driving force behind Sukh Dev Raj Soin Hospital in India, built in memory of his father.
His major gift to Wright State University “has empowered the university to raise the business school’s academic credentials under the new Raj Soin School of Business,” wrote Mr. Parker of the Dayton Area Chamber of Commerce. “Raj is a true ‘Horatio Alger’ story of starting with humble origins and succeeding past even his own wildest dreams.”
“His determination, hard work and selflessness are traits that we all should strive to emulate, not only in business, but in life,” Sen. Voinovich wrote in his supporting letter.
At the same ceremony, Raj was inducted into the Bradley University Centurion Society, which recognizes distinguished alumni who have become national or international leaders in business, public life, and the professions.
“I am really excited about this particular award,” Raj said. “I have received a lot of awards over the years, but this one was special. There is nothing like going back to the town where I first lived after coming to the U.S., and receiving an award from the school that started me down the road to success. This was a very emotional experience for me.”
Founded in 1896, Bradley University ranked sixth among Midwestern comprehensive universities in the 2005 edition of America’s Best Colleges published by U.S. News and World Report. The university offers undergraduates more than 100 programs of study in five colleges, and 14 graduate degrees in 31 academic areas.
Raj Soin founded MTC (formerly Modern Technologies Corpora-tion) in 1984 and currently serves as Chairman of the Board. He is a recognized entrepreneur, senior manager, financial investor, active philanthropist, and educator. On behalf of the MTC family, we send hearty congratulations to Raj for earning these distinguished honors conferred by his alma mater.
MTC’s 2003 Annual Report Wins 3 Awards
MTC Technologies’ 2003 Annual Report is a winner according to American Business Communicators (ABC).
The Annual Report received three awards in the Inside Production category during the recently concluded American Business Communicators Annual Report Competi-tion. The report’s financial presentation took first place, the letter to shareholders earned second place and photography/
illustration placed third. Those responsible for the winning content are Therese Mohn, Assistant Treasurer, for the financial presentation; Dan Bigelow, Director of Investor Relations and Corporate Communica-tions, for the letter to shareholders; and Bonny Adams, Senior Graphic Artist, for photography/illustration
The competition judged annual reports in the categories of Outside Production and Joint Production, in addition to Inside Production. It is structured to allow smaller companies the chance to be recognized without having to compete directly with large companies bolstered by larger budgets. MTC Technologies competed with 100 firms, including Bristol-Myers Squibb, the U.S. Postal Service, Big Lots, and Wachovia.
American Business Communicators was founded in New York City in 1992 by a group of writers, typographers and graphic designers. The Annual Report Competition was initiated in an effort to improve the quality of annual reports.
“In the dozen years since this exercise began, we’ve noticed a marked improvement in the overall quality of the reports submitted for evaluation,” said ABC project coordinator David Drucker in his letter announcing the winners. “This… has made the judging process more difficult and time-consuming; it has also made the results that much more meaningful.”
This was MTC’s first participation in the competition.
MTC Receives Superior Security Rating
Security is top notch at MTC Corporate, according to results of the annual industrial security review conducted this month by the government’s Defense Security Service.
Through efforts led by Administrative Services Manager Michelle Hahn and Security Supervisor Kim Leach, MTC Corporate received the Superior rating, which is reserved for contractors who exceed basic requirements and have established a proactive security program.
This is the second consecutive year MTC has received the Superior rating - the highest possible.
“Our efforts are primarily focused on getting clearances for our people who work with national security information,” Michelle said. “It’s very time consuming, requiring three to four hours for each new application and a lot of paperwork for transferring clearances for new employees.
“The superior rating at the corporate level reflects on the (company’s) overall security posture,” she added. “It is a reflection of the team work between operations and our security staff. ”
Security Supervisor Kim Leach does the lion’s share of the paperwork to clear our employees and make sure we are in compliance - she’s to be commended, Michelle said.
“Kim spends hours every day working on nothing but clearance applications,” she added.
The elements of security reviews are detailed in the Department of Defense National Industrial Security Program Operating Manual (NISPOM). According to Industrial Security Specialist Richard Legere, who conducted the review, contractors receive a Superior rating if they can demonstrate procedures that not only heighten employees’ security awareness, but also foster a spirit of cooperation within the security community. The rating also requires a sustained level of management support for security programs and the absence of serious security issues.
“Upper management support of the program is mandated by the policies and procedures we put in place,” Michelle said. “We have good communication flow between the ops and our security staff that enables us to get the job done.”
In his letter outlining the audit results, Richard Legere credited Michelle and Kim for their professionalism and said they are a “vital part” of the overall success of the National Industrial Security program at MTC Technologies.
MTC’s MISC Team Wins NASA Achievement Award
Meteorological Instrumentation Support Contract (MISC) team members of Command Technologies, Inc., an MTC company, have received NASA’s Group Achievement Award for their performance during the upgrade of NASA’s 50 MHz Doppler Radar Wind Profiler (DRWP).
Dr. Frank Merceret of the Kennedy Space Center Meteorological Office, presented the award to MISC team members Bill Gober, Jim Erbaugh, Alvin Morris, and Shannon Grande, citing them for their technical expertise, ability to work well with others, and can-do attitude.
The award commends the team for their “exemplary dedication, diligence and technical excellence” in the timely return of the instrument to operations that will significantly reduce the risk of mission failure this coming winter.
Located at Kennedy Space Center in Florida, the DRWP measures the altitude, speed, and direction of winds over the space center, and is critical to the successful launch of rockets and space shuttles. It is used for launch day calculations of aerodynamic vehicle loads, and also on a daily basis for routine operations and data collection.
The MISC team operates, maintains and sustains three mission-critical systems at the space center: meteorological instruments measuring various aspects of wind; lightning detection and ranging systems monitoring where lightning flashes occur in the central Florida area; and the Mesonet system, a soil moisture sensing system that determines the likelihood of ground fog in the vicinity of the launch pad.
The wind profiler was initially scheduled for upgrade in 1996, but budget issues and changes in sustaining engineering contractors for the Eastern Test Range (off the eastern coast of Florida through which rockets travel on their way into space) kept pushing the completion date back. Maintenance of this equipment is an ongoing event, and it is difficult to find replacement parts for the aging wind profiler, according to Jim Conroy, CTI vice president and Engineering and Technology Application Division (ETAD) manager.
“That’s partly why NASA is very happy with these individuals, because it’s very hard to find pieces of equipment to keep it operational,” he said “They were able to find new sources of supply to save NASA a lot of money.”
Pete Minter Honored by Army Program Office
The Army’s Project Manager-Soldier Equipment program office has recognized Pete Minter as “Employee of the Quarter” in the third quarter for his direct impact on the combat effectiveness of thousands of soldiers deployed in Operation Iraqi Freedom and Operation Enduring Freedom (Afghanistan).
An MTC employee in the Land Forces Group’s Systems Integration Division, Pete serves as new equipment trainer for the Army’s Logistics and Test Directorate under PM-Soldier Equipment, and has personally trained over 1,000 soldiers on sensor equipment during the third quarter alone. He volunteered for three separate New Equipment Training (NET) team missions in Iraq and Kuwait, providing new equipment training to over 400 leaders of combat units or units undergoing final preparations for combat.
“In September, Pete again volunteered to go to Baghdad to provide training on the Thermal Weapon SystemSight, Modular Integrated Communications Headset and the Lightweight Laser Designated Rangefinder,” said Jack Baumgart, MTC Land Forces Group’s Vice President for its Integration Division. “He headed a team of four personnel from the NET and remained in country for four weeks to ensure the soldiers had a clear understanding of the systems presented.”
“We can be proud of Pete and the great job he is doing for our soldiers,” Jack added.
Pete works tirelessly to qualify himself as an expert in fielded soldier equipment items and currently is certified on over 70 percent of the sensor equipment fielded by the program office, according to the Employee of the Quarter nomination by Todd Wendt of the Logistics and Test Directorate.
“Pete’s dedication and selfless service have had a significant and positive impact on the combat readiness of thousands of soldiers who are in harm’s way today,” the nomination read. “Mr. Minter’s performance and leadership reflect great credit on himself, the Modern Technologies Corporation [sic], PM-Soldier Equipment, PEO-Soldier, and the United States Army.”
The MTC Family is proud of Pete and his selfless service to the sons and daughters of America.
MTC Chairman Raj Soin named "Ellis Island Medal of Honor" recipient for "outstanding business contributions to our Country."
RAJESH (RAJ) SOIN 2003 ELLIS ISLAND MEDAL OF HONOR RECIPIENT
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