OPNET Awarded $3.5 Million by the Department of Defense on the First Option Year of the NETWARS Contract
OPNET Awarded the First of Four Possible Annual Contract ExtensionsBETHESDA, MD - January 20, 2004 --OPNET Technologies, Inc. (NASDAQ: 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 first of four possible contract extensions to continue to enhance the U.S. Department of Defense's Network Warfare Simulation (NETWARS), 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 2003. Under the contract extension, additional software and services will be delivered in 2004 with funding of $3.5 Million, with three additional option years to be evaluated annually by the DoD. Since OPNET was awarded the re-competed contract in January 2003, the total funding under the contract, including this award, is $6.6 million.
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 CEO, Marc Cohen, stated, "OPNET is proud of our long history of successfully delivering software and services to meet the needs of the Defense community. Network-centric warfare is revolutionizing the way the US conducts military engagements and OPNET is uniquely positioned to support the DoD in making this transformation."
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.
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Statements in this press release that are not purely historical facts, including statements about expected financial performance in future periods, constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. OPNET Technologies, Inc. ("OPNET") assumes no obligation to update these statements. Forward-looking statements are 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 that could affect OPNET’s future performance, see OPNET's most recent 10-Q, filed with the Securities & Exchange Commission. These risks include, among others, the evolving nature of our market, the length and variability of our sales cycle, and risks regarding our ability to successfully expand our sales force.
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