Terremark Federal Group and its Partner By-Light Awarded CNT Contract by U.S. Department of Defense.Terremark and By-Light Exclusive to Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. Corporation's Winning Team for Technology Development MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Terremark Worldwide, 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 :TMRK), a leading provider of managed IT infrastructure services, and its partner By-Light Professional Services, a provider of engineering expertise for securing government IT networks and facilities, today announced it is an exclusive member and the only telecom services provider on the Northrop Grumman Corporation (NYSE NYSE See: New York Stock Exchange :NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, ) team that was awarded an indefinite delivery/indefinite quantity (IDIQ IDIQ Indefinite Delivery, Indefinite Quantity (contracting/procurement) ) contract by the U.S. Department of Defense to provide technology development application for new products and services to defense and federal civilian agencies, state and local authorities, and partner nations engaged in counter-drug and counter-narcoterrorism (CNT (Carbon NanoTube) See nanotube. ) operations. Northrop Grumman's team was one of five chosen to compete for task orders that will be funded by a total program ceiling of $15 billion over five years. These funds and the contract will be administered by the U.S. Army Space and Missile Defense Command Space and Missile Defense Command (SMDC) is a specialized major command within the United States Army. The SMDC is an organization composed of five components:
Terremark and its partner serve as Northrop Grumman's only telecom services provider under the contract for Technology Insertion, Systems Integration and Systems Engineering, Product Data, Information Fusion Centers, IT Networks, Configuration Management, Studies and Analysis, Information Technology (IT) and Communications, and Network Development and Deployment. "Thanks to our experience and success in serving the needs of defense and federal civil agencies, we are prepared to strengthen Northrop Grumman's efforts to assist the U.S. government in fighting narcoterrorism nar·co·ter·ror·ism n. Terrorism carried out to prevent interference with or divert attention from illegal narcotics trafficking. nar ," said Jamie Dos Santos, President and Chief Executive Officer of Terremark Federal Group, Inc. "We look forward to providing our combined expertise to all the projects that result from this contract." About Terremark Worldwide, Inc. Terremark Worldwide, Inc. (NASDAQ:TMRK) is a leading global provider of IT infrastructure services delivered on the industry's most robust and advanced operations platform. Leveraging datacenters in the United States, Europe and Latin America and access to massive and diverse network connectivity, Terremark delivers government and enterprise customers a comprehensive suite of managed solutions including hosting, colocation, connectivity and security services. Terremark's acclaimed Infinistructure[TM] utility computing architecture has redefined industry standards for scalable and flexible computing infrastructure and its DigitalOps[R] service platform combines end-to-end systems management workflow with a comprehensive customer portal. More information about Terremark Worldwide can be found at http://www.terremark.com. Statements contained in this press release may constitute "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. Terremark's actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, ability to cross-sell across an acquired customer base, ability to increase revenue yields within facilities, ability to refinance existing debt, uncertainties and other factors, as discussed in Terremark's filings with the SEC. These factors include, without limitation, Terremark's ability to obtain funding for its business plans, uncertainty in the demand for Terremark's services or products and Terremark's ability to manage its growth, the successful integration of operations of acquired companies. Terremark does not assume any obligation to update these forward-looking statements. |
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