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Iron Mountain to Preserve USAHEC Records in $30M Contract

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Iron Mountain IncorporatedIRM recently announced a preservation project in partnership with QualX Corporation and TDEC, in a bid to digitally capture the U.S. Army War College's U.S. Army Heritage and Education Center (USAHEC) artifacts. The $30-million contract includes a base year of performance and can be extended by up to four years through one-year option periods.

USAHEC maintains a collection of contemporary and archival materials, including approximately 300 years of manuscripts, photographs, artifacts, audio-visual items, and other records that are of immense significance to the history of America's armed forces.

Through this large-scale project, all of these archives will be processed, digitalized and stored, according to procedures that will ensure protection of the valuable material in a secure environment. In fact, Iron Mountain's Jessup, MD facility will preserve the collection that is currently in Carlisle, PA.

The company, along with QualX, will digitally transform nearly 24,000 linear feet of unclassified archival collections. Following this, TDEC will collect the metadata to ensure clarity and quality control for the digital images.

This will create a digital repository of military material including nearly 33 million indexed images that can easily be accessed by researchers globally.

Per management, the company's imaging, scanning and indexing services, along with secure storage options, will help USAHEC meet its digital transformation objectives.

Over the past month, shares of this Zacks Rank #2 (Buy) company have outperformed the industry it belongs to. Its shares have gained 3.3% compared with the industry's growth of 1.3% during this time frame.

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Other top picks from the real-estate space are Cousins Properties Incorporated CUZ , PS Business Parks, Inc. PSB and OUTFRONT Media Inc. OUT , carrying a Zacks Rank of 2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

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PS Business Parks' Zacks Consensus Estimate for 2018 FFO per share moved 0.5% north to $6.45 in the past month.

OUTFRONT Media's FFO per share estimates for 2018 has been revised 2% upward to $2.09 in two months' time.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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