Mr. McMillen: Homeland Security Capital Corp. was just a public shell when we took it over about four years ago, trying to capitalize on some of the opportunities in the homeland security space by consolidating a number of various entities that had some application in the homeland security field. We've grown to a company that this year - fiscal year 2010, ending June 30, 2010 - should do north of 85 million in revenues. We've grown both organically and by acquisitions. We describe ourselves today as an international provider of specialized technology-oriented radiological, nuclear, environmental, disaster relief and electronic security solutions to both government and commercial customers.
TWST: Would you give us an idea of what the security space is like today? What are its dynamics; what's changing about your customers and your users? What's changing about what they need?
Mr. McMillen: Although our name implies that we operate right down the middle of the homeland security field, in fact we often operate on the edges of it. A lot of our business focus is involved in securing this country. For example, we do a lot of nuclear radiological cleanup, so that's securing our environmental future. The definition of homeland security to a lot of people is to stop another 9/11 or to stop terrorists, but it's really much broader than that. We do that kind of traditional security work, including electronic security solutions. For example, we'll go into buildings to make sure they're secure with video and several kinds of electronic security solutions. We provide nuclear detection devices to stop terrorists from coming into the country with nuclear material. But we also focus on broader security solutions, like cleaning up environmental hazards. For example, we work with our legacy World War II nuclear labs that have nuclear materials that need to be cleaned up. In those instances, we're actually taking those hot spots around America, whether it's Oak Ridge or Los Alamos or Hanford, and we're restoring those properties to a useful function where they can be used again. So security is very broad for us. We look at it as not only defending against threats, but also taking care of some of the consequences that our country and the world has incurred over its history. For example, one of our major projects was when we cleaned up much of the nuclear material on Kiritimati "Christmas" Island for the British government, and we term that more of our "consequence management" work. We're taking care of consequences, whether they are manmade or natural disasters, or in some cases produced by legacy activities, like our post-World War II efforts to produce nuclear weapons.
Tickers included in this excerpt: HOMS
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