Business Services Industry
OPNET Awarded Multi-Million Dollar Contract by Department of Defense for NETWARS Project
Business Wire, Jan 28, 2003
Business Editors/High-Tech Writers
COMNET 2003
BETHESDA, Md.--(BUSINESS WIRE)--Jan. 28, 2003
OPNET Technologies, Inc. (Nasdaq: OPNT)
Re-compete Award Provides for a 5-year Period of Performance, an Initial$2.2 Million Dollars for 2003, and Four Additional Option Years
OPNET Technologies, Inc. (Nasdaq: OPNT), the leading provider of Intelligent Network Management software, today announced that OPNET Analysis, Inc., a wholly-owned subsidiary, has been awarded a re-competed contract to enhance the U.S. Department of Defense's Network Warfare Simulation (NETWARS), a software application for analyzing defense-related network communications.
The terms of the new contract include OPNET software and services to be delivered in phases, with initial funding of $2.2M for 2003, and a four-year extension to be evaluated annually by the Department of Defense. Today's announcement follows OPNET's delivery of software and services as prime contractor for NETWARS in 2002.
The NETWARS project is part of the Department of Defense's vision for achieving information superiority by optimizing military communications in realistic warfighter scenarios. The objectives for the NETWARS software environment include simulating major theaters of war involving thousands of communications nodes, conducting communications burden analysis, contingency planning analysis, and evaluating emerging technologies in full Joint Task Force warfighting scenarios.
OPNET's Chairman & CEO, Marc Cohen, stated, "We are extremely pleased to have been selected as the prime contractor for NETWARS. Communications and distributed information systems are increasingly vital to the defense community. The fact that OPNET was selected again for NETWARS, this time for up to five years, demonstrates the government's confidence in us. We believe that OPNET technology and expertise are broadly applicable to the defense market, a market in which we intend to expand our presence."
About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. is the leading provider of Intelligent Network Management software. OPNET's technology has been applied extensively to simulation, analysis, and planning for the defense community. To learn more about OPNET products and services, please visit www.opnet.com.
OPNET and OPNET Technologies are trademarks of OPNET Technologies, Inc. All other trademarks are the property of their respective owners. Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. OPNET Technologies, Inc. ("OPNET") assumes no obligation to update statements. Forward-looking statements are predictions based upon information available to OPNET as of the date of this press release and involve risks and uncertainties; therefore, actual events or results may differ materially. For a discussion of risk factors, see OPNET's reports, including its most recent 10-Q and 10-K, filed with the Securities & Exchange Commission. Note to editors: The word OPNET is spelled with all upper-case letters.
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