OPNET Awarded Multi-Million Dollar Contract by Department of Defense for NETWARS Project
Re-compete Award Provides for a 5-year Period of Performance, an Initial $2.2 Million Dollars for 2003, and Four Additional Option Years
Bethesda, M.D. -- January 28, 2003 —OPNET Technologies, Inc. (Nasdaq: OPNT), the leading provider of Intelligent Network Management software, today announced that OPNET Analysis, Inc., a wholly-owned subsidiary, has been awarded a re-competed contract to enhance the U.S. Department of Defense's Network Warfare Simulation (NETWARS), a software application for analyzing defense-related network communications.
The terms of the new contract include OPNET software and services to be delivered in phases, with initial funding of $2.2M for 2003, and a four-year extension to be evaluated annually by the Department of Defense. Today's announcement follows OPNET's delivery of software and services as prime contractor for NETWARS in 2002.
The NETWARS project is part of the Department of Defense's vision for achieving information superiority by optimizing military communications 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 Chairman & CEO, Marc Cohen, stated,
"We are extremely pleased to have been selected as the prime
contractor for NETWARS. Communications and distributed information
systems are increasingly vital to the defense community. The fact
that OPNET was selected again for NETWARS, this time for up to five
years, demonstrates the government's confidence in us. We believe
that OPNET technology and expertise are broadly applicable to the
defense market, a market in which we intend to expand our presence."
About OPNET Technologies,
Inc.
Founded in 1986, OPNET Technologies, Inc. is the leading provider
of Intelligent Network Management software. OPNET's technology has
been applied extensively to simulation, analysis, and planning for
the defense community. To learn more about OPNET products and services,
please visit www.opnet.com.
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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 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.
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OPNET Technologies, Inc.
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