Safenetís subsidiary, Mykotronx, Awarded Five Year Contract From Department Of Defense
BALTIMORE - SafeNet, Inc. (NASDAQ: SFNT), setting the standard for information security, announced today that SafeNetís subsidiary, Mykotronx, Inc. was awarded on March 2, 2007 an Indefinite Delivery Indefinite Quantity (IDIQ) contract from the Department of Defense (DoD).
This latest, five-year term IDIQ contract is for the products of two vendors, including Mykotronxís KIV-7M line, as well as an optional High Assurance Internet Protocol Encrytor-compliant (HAIPE) interface card. The contract sets an aggregate limit of $400 million for total orders under the contract, but does not guarantee orders from the Department of Defense.
The compact and rugged KIV-7M is a multi-channel, multi-functional encryptor that enables users to replace multiple legacy devices with a single unit, reducing operating costs for the user and saving valuable space and weight aboard ground vehicles, ships and aircraft. The KIV-7M is fully compliant with all tenants of the U.S. Governmentís Crypto-Modernization Initiative (CMI).
An optional HAIPE-compliant interface card is also available through the latest IDIQ contract, making the KIV-7M the first Crypto-Modern product to support both the U.S. Governmentís Type 1 link and network encryption standards.
This award does not impact SafeNetís previously disclosed 2007 financial guidance.
About SafeNet, Inc.
SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. UBS, Nokia, Fujitsu, Hitachi, ARM, Bank of America, NetGear, the Departments of Defense and Homeland Security, Adobe, Samsung, Texas Instruments, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-inc.com
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The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
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