DigitalNet Awarded an Estimated $9.4 Million Army Korea Theatre Network Operations and Security Center Contract.Business Editors/High-Tech Writers HERNDON, Va.--(BUSINESS WIRE)--Oct. 28, 2003 Contract Provides Critical IT, Automated Centralized Operations and Maintenance Services DigitalNet (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DNET DNET Distributed.net DNET Dish Network DNET Dysembryoplastic Neuroepithelial Tumor DNET Dysembryoplastic Neuroectodermal Tumor DNET Distributed Network DNET Digital Network ), a provider of managed network services, information security solutions, and application development and integration services to U.S. defense, intelligence, and civilian federal government agencies, announced that the United States Army United States Army Major branch of the U.S. military forces, charged with preserving peace and security and defending the nation. The first regular U.S. fighting force, the Continental Army, was organized by the Continental Congress on June 14, 1775, to supplement local Contracting Agency awarded DigitalNet its Army Korea Theatre Network Operations and Security Center (TNOSC TNOSC Theater Network Operations and Security Center ) contract worth up to $9.4 million. As the prime contractor, DigitalNet will provide dedicated on-site networking and Information Technology (IT) services consisting of installing, operating, administering and maintaining various network management and security monitoring systems, operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and network applications systems installed in the TNOSC. In addition, DigitalNet will implement an Enterprise Management solution to support over 30,000 clients connecting to the Korea Wide Area Network (WAN). "DigitalNet has extensive knowledge and past understanding of our IT requirements," stated LTC LTC abbr. lieutenant colonel Michael Shillinger, TNOSC Director. "They were the best overall solution to support the Army Korea TNOSC." This contract is a firm fixed price task order issued under the DISA 1. (body) DISA - Defense Information Systems Agency. 2. (standard) DISA - Data Interchange Standards Association. I-Assure Contract. It is for one-base year with two one-year option periods and is worth up to $9,462,047 over the entire period of performance (including options). The period of performance is October 1, 2003 - September 30, 2006, including the option periods. "This contract win is a testament to our core competencies and the quality of the work that we provide to the US Forces Korea and the Eighth US Army in Korea," stated Dr. Mitch Rambler ram·bler n. 1. One that rambles: tourists and Sunday ramblers on the village streets; a conversational rambler. 2. A type of climbing rose having numerous red, pink, or white flowers. , senior vice president, military programs, DigitalNet. "We will continue to support their needs and meet their IT demands at the highest levels." About DigitalNet DigitalNet builds, integrates and manages enterprise network computing Storing and/or running applications in servers in a network. See cloud computing and network computer. solutions that provide government organizations with sustainable strategic business advantages. With more than 30 years of experience, the company provides Managed Network Services, Information Security Solutions and Application Development Services and Solutions for the U.S. Department of Defense, U.S. Government civilian agencies and the intelligence community. We are focused on adding value to our clients by increasing network reliability, reducing overall network costs, and rapidly migrating mission critical network computing environments to new technologies. www.digitalnet.com. The statements contained in this release which are not historical facts are forward-looking statements, within the meaning of The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, the forward-looking statements. The Company has attempted, whenever possible, to identify these forward-looking statements using words such as "may," "will," "should," "projects," "estimates," "expects," "plans," "intends," "anticipates," "believes," and variations of these words and similar expressions. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: funding decisions of U.S. Government projects; government contract procurement, option exercise and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain qualified employees; SEC rule changes or other corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. issues; material changes in laws or regulations applicable to the company's business and other risk factors described in the Company's final IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. prospectus filed with the SEC on October 10, 2003 and available directly from the Commission at www.sec.gov. In addition, the statements in this press release are made as of October 28, 2003. The company undertakes no obligation to update any of the forward-looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to October 28, 2003. |
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