) has signed a four-year framework agreement with
the ITER project.
Based in Cadarache in the South of France, ITER project is an
experimental fusion facility, designed to demonstrate the
scientific and technological feasibility of fusion power.
As per the agreement, Unisys will provide end-to end- physical
security and safety assurance at its facility, which is currently
under construction in Cadarache, France.
The basic purpose of Fusion research is to develop a safe,
limitless and environmentally responsible energy source.
The framework agreement spans for a period of four years and
includes the option to be extended upto 10 years. The agreement
also covers access control, circulation control and monitoring,
identity access management, communication security, security and
forensics, central monitoring and human factor integration.
The French subsidiary of Unisys teamed up with ARCADIS to
design, procure, integrate and support the security systems needed
to protect the facility from unauthorized access.
Both Unisys and ARCADIS have been providing security counsel for
various aspects of the ITER project since 2009. The project
is a global collaboration between China, the EU, the United States,
India, Japan, Korea and Russia and is scheduled to be completed by
2019. It is designed to demonstrate the scientific and
technological feasibility of fusion power.
Meanwhile, estimates have gone up significantly in the last
thirty days after the company reported better- than -expected
results for the first quarter of 2012.
We continue to have a Neutral recommendation on Unisys. In the
long run, we have a Zacks #1 Rank on the stock, which translated
into a short-term rating of Strong Buy.
UNISYS (UIS): Free Stock Analysis Report
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