OPNET Awarded Additional NETWARS Contract, Increasing Total Funding to Date to $22.3 Million
Initial 2007 funding of $2.1M, first year of two-year sole-source contract
BETHESDA, MD – March 1, 2007 – OPNET Technologies, Inc. (NASDAQ: OPNT), a leading provider of management software for networks and applications, today announced that its wholly-owned subsidiary OPNET Analysis, Inc. has been awarded a two-year sole-source contract to continue to work as prime contractor on the U.S. Department of Defense's Network Warfare Simulation (NETWARS) program. NETWARS is a software application for analyzing defense-related network communications.
OPNET has been awarded $2.1 million for the first year of the new contract. This announcement follows their successful delivery of software and services as prime contractor for NETWARS in 2006, under contracts totaling $2.9 million. In 2004 and 2005, funding amounted to $6.5 million. Since NETWARS program inception, OPNET funding to date has totaled $22.3 million.
The NETWARS project is part of the DoD’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 to continue to serve as the prime contractor for the NETWARS program, which represents a paradigm shift in Network Centric Operations and Warfare. NETWARS is enabling true end-to-end performance modeling, by allowing users to model tactical networks spanning the Continental US, out to the forward units in the field. NETWARS use has also expanded to coalition forces in the UK, Australia, and Sweden, providing better performance and cost savings to US allies.”
About OPNET Technologies, Inc.
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, please visit www.opnet.com.
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OPNET and OPNET Technologies, Inc. are trademarks of OPNET Technologies, Inc. All other trademarks are the property of their respective owners.
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 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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