Iron Mountain Incorporated® (NYSE:IRM),the global leader in storage and information management services, announced today that it has been awarded a multi-year contract from the United States Patent and Trademark Office (USPTO), a Bureau of the Department of Commerce. The contract contains a base year of performance running until July 12, 2018, with four additional one-year option periods, and has a value of $6.7 million if all options are exercised.
Under the terms of the contract, Iron Mountain is responsible for relocating approximately 4.6 million patent files from their current storage location, which includes capturing file level metadata, packing, removal and transportation of all records to Iron Mountain’s secure, NARA-compliant storage facility. In addition, Iron Mountain will perform all records management tasks associated with these records, including retrievals, refiles, disposition, accessioning and destruction.
“This contract is the result of Iron Mountain’s extensive efforts to seek out innovative solutions to the records and information management needs of the federal government,” said Michael Lewis, vice president and general manager, Iron Mountain Government Services. “We excel in providing agencies with the best available records storage and management services, resulting in a superior chain of custody, improved response times and enhanced citizen services. Our facilities are purpose-built for agency needs, with modernized services that reduce operational expenses and real property footprints, while improving the security and accessibility of government-owned records. We look forward to assisting USPTO’s efforts to reduce their real-property footprint and associated operating expenses, allowing the agency to focus on mission objectives.”
As the world’s largest provider of records and information management services, Iron Mountain is increasingly focused on meeting government-wide goals to streamline operations, become more efficient and significantly cut costs. This includes supporting agency requirements for initiatives like the Open Data Policy, Reduce the Footprint Policy and Data Center Optimization Initiative, helping agencies improve information asset management and deliver more meaningful return on information.
About Iron Mountain
Iron Mountain Incorporated® (NYSE: IRM) is the global leader in storage and information management services. Trusted by more than 230,000 organizations around the world, Iron Mountain’s real estate network comprises more than 85 million square feet across more than 1,400 facilities in 53 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain’s solutions portfolio includes records management, data management, document management, data centers, art storage and logistics, and secure shredding to help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts. Visit www.ironmountain.com for more information.