Applied Signal Technology, Inc. Announces Initial Preproduction Order for Its New Subsidiary eNetSecure, Inc.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--June 22, 2000 eNetSecure, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Applied Signal Technology, Inc. (Nasdaq:APSG APSG Antisymmetrized Product of Separated Geminals ), announced it has received its first order for the Model 2600 telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. intrusion detection system This article is about the computing term. For other uses, see Burglar alarm. An intrusion detection system (IDS) generally detects unwanted manipulations of computer systems, mainly through the Internet. (TIDS TIDS Travel Industry Designator Service TIDS Tactical Information Distribution System TIDS Tactical Integrated Digital System TIDS Tower Integrated Display System TIDS Trident Integrated Data System TIDS Tactical Information Display System ). The Model 2600 platform is designed to protect enterprise-level data networks at the telecommunication layer by deploying sensors at the telecommunications switch (PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). ) to monitor network access via the switch. This initial order requires eNetSecure, Inc. to deliver the beta version A pre-shipping release of hardware or software that has gone through alpha test. A beta version of software is supposed to be very close to the final product, but, in practice, it is more a way of getting users to test the software in the first place under real conditions. of the product. It is an order for three units with delivery of the first unit planned for early July 2000. Brian Offi, eNetSecure's President and Chief Executive Officer commented, "This first order is an important milestone for eNetSecure. This order validates marketplace interest in our technology and moves us from development activities in a lab environment to providing scalable solutions to our customers' network security concerns. When we formed eNetSecure, our goal was to establish ourselves as a quality provider of network solutions in this rapidly emerging market area. The award of this first pre-production order is a first step on the exciting road to growing eNetSecure. Additionally, we are pleased to be able to deliver these beta units only four months after forming our new Company." Gary Yancey, Applied Signal Technology's President and Chief Executive Officer added, "This order, which results from the modification of a current development contract, will allow eNetSecure to evaluate marketplace acceptance of the Model 2600. The operational results of these first pre-production units will be factored into relevant modifications of the final version slated for release in October 2000." About eNetSecure, Inc.: eNetSecure, Inc., a subsidiary of Applied Signal Technology, Inc. is a provider of scalable network security solutions to the rapidly emerging network security marketplace. The Company can provide a range of solutions from design and development to product level solutions. For additional Company-related information, visit the Company's web site located at www.enetsec.com. About Applied Signal Technology, Inc.: Applied Signal Technology, Inc., the parent company of eNetSecure, Inc., designs, develops, manufactures and markets advanced digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). equipment to process a wide range of telecommunications signals for commercial and government applications. For additional Company-related information, visit the Company's web site located at www.appsig.com. Except for historical information contained herein, matters discussed in this news release may contain forward looking statements that involve risks inherent in starting new business ventures, as well as risks and uncertainties including customer concentration, competition, rapid technological change, dependence upon personnel, volatility of operating results, and other risks detailed from time to time in the Company's SEC reports including its latest Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed for the fiscal year ended October 31, 1999. |
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