New Mitsui Subsidiary, "E3 Networks," to Expand Distribution Channel for OPNET Software in Japan
BETHESDA, MD., -- April 19, 2001 -- OPNET Technologies, Inc. (Nasdaq: OPNT), the leading provider of intelligent network management software, today announced that its software will be sold and supported in Japan through a new, wholly-owned subsidiary of Mitsui & Co. Ltd. -- E3 Networks.
OPNET announced an agreement with Mitsui in June 2000, which opened up new distribution channels for OPNET products in Japan. Mitsui spun off E3 earlier this month, after demonstrating successful sales growth and a strong relationship with OPNET. According to Mitsui, E3 was created "to respond quickly to expanding market needs."
According to Mitsui, E3 will play an important role in Mitsui's IT strategy, and the company will aim to become the number one management solutions and services provider (MSSP) in the fast-growing Japanese IT management services market.
Mr. Masaaki Miura, General Manager at Mitsui and E3 Board Member, stated, "E3 will build on Mitsui's success with growing OPNET sales and services in Japan. The new company will combine the powerful resources of Mitsui with the flexibility and focus of a dedicated technical and sales organization. OPNET, Mitsui, and OPNET's Japanese customers all benefit from the formation of E3."
Also commenting on today's news was OPNET's Vice President of Marketing, Todd Kaloudis, who added, "The advanced state of information technology and telecommunications in Japan make it an ideal market in which to sell OPNET's vision of intelligent network management for service providers, enterprises, and equipment manufacturers. The addition of E3 Networks offers OPNET even greater access to this vital market."
About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. is the leading provider of intelligent network management software. The OPNET product suite combines predictive modeling and a comprehensive understanding of networking technologies to enable its customers to more effectively design and deploy networks, provision services, diagnose network and application performance problems, and predict the impact of proposed network modifications. For more information about OPNET and its products, visit www.opnet.com.
About Mitsui & Co. Ltd.
Mitsui & Co., Ltd. is one of the foremost general trading companies in the world with more than 10,000 employees, 1,000 international subsidiaries and 225 offices in 90 countries. Mitsui offers comprehensive, integrated and high-value-added services that meet the evolving needs of companies in all types of business. For more information about the company, visit http://www.mitsui.co.jp.
About E3 Networks
Mitsui established E3 Networks, Ltd.(E3) as a Strategic Subsidiary Specializing in IT Management for e-Businesses on April 1st, 2001. E3 keeps more than 20 principal sub-distributors to expand its Software Solution and Service business including OPNET.
Safe Harbour Statement
The statements contained in this press release that are not purely historical
are forward-looking statements within the meaning the Private Securities
Litigation Reform Act of 1995, as amended, including statements regarding
OPNET Technologies Inc.'s expectations, beliefs, intentions, or strategies
regarding the future. All forward-looking statements included in this document
are based upon information available to OPNET as of the date hereof; OPNET
assumes no obligation to update any such forward-looking statements. Forward-looking
statements involve risks and uncertainties, which could cause actual results
to differ materially from those projected. Factors that could cause or contribute
to such differences include, but are not limited to: risks surrounding the
closing of the acquisition, the integration of the NetMaker business following
the closing, the ability to cross-sell OPNET and NetMaker products and services
to their respective customers, and other factors and risks associated with
OPNET's business discussed in OPNET's reports filed with the Securities & Exchange
Commission, including its Form 10-Q for the quarter ended December 31, 2000.
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Note to editors: The word OPNET is spelled with all upper-case letters.
OPNET Media Contact:
Margarita Castillo
OPNET Technologies, Inc.
(240) 497-3000
Media@opnet.com
www.opnet.com
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OPNET Technologies
(240) 497-3000
ir@opnet.com
www.opnet.com