Sysorex Government Services Wins $ 10 Million Contract

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HERNDON, VA, July 13, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Sysorex, Inc. (OTCQB: SYSX), a leading provider of cryptocurrency, information technology and network to government and commercial customers, today announced that its wholly-owned subsidiary Sysorex Government Services, Inc. (SGS) has been awarded a five-year, $ 10 million contract to provide systems support and maintenance. of secure video relays (VRS) in 102 penitentiary sites.

The VRS system, customized, marketed and sold by SGS, is an integrated video communication system that provides communication capabilities to deaf and hard of hearing inmates. This system uses video for American Sign Language (ASL) conversations between parties or through interpreters, and consists of multiple rack servers, a custom kiosk with an integrated ruggedized tablet computer, and other custom software and network components.

“We are delighted to have been awarded this contract to extend our previous work implementing our VRS system in prisons,” said Zaman Khan, President of SGS. “We welcome the opportunity to provide our customer with this advanced and secure technology and to provide ongoing support related thereto. ”

Sysorex CEO Wayne Wasserberg added: “Our recent merger with TTM Digital Assets and Technologies has dramatically improved SGS’s ability to expand its contract portfolio and seek significant revenue opportunities. We look forward to announcing more SGS contracts during the year. “

ABOUT SYSOREX GOVERNMENT SERVICES, INC.

SGS provides information technology and telecommunications solutions and services to government and commercial customers, primarily in the United States. SGS’s goal is to deliver tailored IT solutions that help organizations achieve their next level of business advantage. To this end, SGS provides a variety of IT services and technologies that enable customers to manage, protect and monetize their business assets, whether on-premises, in the cloud or via mobile. For more information about SGS, please visit www.sysorexinc.com

For more information:
Company – info@ttmdigitalaassets.com, info@sysorexinc.com
Investor Relations – ir@ttmdigitalassets.com
Jimmy Caplan, Market Makers
Public relations – pr@ttmdigitalassets.com
Rick Eisenberg, Eisenberg Communications

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

All statements in this press release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although management has based all forward-looking statements included in this press release on its current expectations, the information on which those expectations were based may change. These forward-looking statements are based on a number of assumptions about future events and are subject to a number of risks, uncertainties and other factors, many of which are beyond the control of Sysorex, Inc. and its subsidiaries, that could cause actual results to differ materially from those statements. These risks, uncertainties and other factors include, but are not limited to, fluctuating economic conditions, the impact of COVID-19 on Sysorex’s operating results, Sysorex’s ability to integrate the products and activities of the acquisitions recent developments in its existing operations, management and employee performance, the regulatory landscape with respect to privacy regulations and their applicability to Sysorex technology. Other factors which are detailed in Sysorex’s periodic and current reports available for review on sec.gov. In addition, Sysorex operates in a highly competitive and rapidly changing environment where new and unforeseen risks may arise. Therefore, investors should not rely on forward-looking statements as a prediction of actual results. Sysorex disclaims any intention and assumes no obligation to update or revise any forward-looking statements.

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