OPNET Awarded Second NETWARS Contract Extension, Increasing Total Funding to Date to $9.7M; Initial 2005 Funding of $2.5M, Second of Four Annual Contract Extensions.BETHESDA, Md. -- OPNET OPNET Operations Network OPNET Olympic Peninsula Narcotics Enforcement Team OPNET Operational New Equipment Training OPNET Optimized Network Evaluation Tool OPNET SMDPS Phase III Operational Network Technologies, Inc. (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 : OPNT), a leading provider of management software for networks and applications, today announced that OPNET Analysis, Inc., a wholly-owned subsidiary, has been awarded the second of four possible contract extensions to continue to work on the U.S. Department of Defense's Network Warfare Simulation (NETWARS NETWARS Network Warfare Simulation ) program. NETWARS is a software application for analyzing defense-related network communications. Today's announcement follows OPNET's successful delivery of software and services as prime contractor for NETWARS in 2004. In 2004, funding included the initial contract extension for $3.5M, followed by $542,428 in follow-on work. Under the second contract extension, additional software and services will be delivered in 2005 with initial funding of $2.5 million. Two additional option years remain on the contract, which the Department of Defense (DoD) evaluates annually for renewal. Since OPNET was awarded the re-competed contract in January 2003, the total funding under the contract, including this award, is $9.7M. The NETWARS project is part of the DoD's vision for achieving information superiority That degree of dominance in the information domain which permits the conduct of operations without effective opposition. See also information operations. by optimizing military communications Military communications, or Signals, is a field of military activities, tactics and equipment dealing with communications. First of all, military communications are battlefield (combat) communications, including intercommunication with a higher command or country's 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 CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Marc Cohen, stated, "OPNET is proud of its long history of delivering software and services to meet the needs of the Defense community. This year, NETWARS will be playing a key role in supporting the DOD's transition to a web services architecture. By enabling planners and architects to evaluate the performance impact of layering network-centric enterprise services (NCES NCES National Center for Education Statistics NCES Net-Centric Enterprise Services (US DoD) NCES Network Centric Enterprise Services NCES Net Condition Event Systems ) on top of the global information grid The globally interconnected, end-to-end set of information capabilities, associated processes and personnel for collecting,processing, storing, disseminating and managing information on demand to warfighters, policy makers, and support personnel. (GIG), the overall technology risk will be significantly mitigated. This translates into better performance and cost savings for the government." About OPNET Founded in 1986, OPNET Technologies, Inc. (NASDAQ: OPNT) is a leading provider of management software for networks and applications. For more information about OPNET and its products, visit www.opnet.com. OPNET and OPNET Technologies, Inc. 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 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. 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion