TEKC HUGE NEWS:
ednesday June 3, 9:30 am Eastern Time
Company Press Release
SOURCE: Teknowledge Corporation
Teknowledge Awarded $12M Next Generation Internet 2 Contract
Assembles All-Star Team
PALO ALTO, Calif., June 3 /PRNewswire/ -- Teknowledge Corporation (OTC
Bulletin Board: TEKC - news) has been awarded a $12 million dollar
contract to develop the Next Generation Internet (''Internet 2'').
Teknowledge is a prime contractor for the integration, evaluation,
demonstration and transfer of technologies being developed under the
Quorum Global Distributed Computer program. Quorum is part of the
Defense Advanced Research Project Agency (''DARPA'') Internet 2 program,
which is defining a revolutionary approach to improving the quality of
service in network-based computing. DARPA created the original Internet
in the 1960s.
Neil Jacobstein, President and Chief Operating Offer, said: ''We see
this Internet 2 contract as strategic to our Distributed Systems
Engineering and E-Commerce Systems business units. It represents an
extraordinary technical and business opportunity. The contract requires
Teknowledge to commercialize the products of its R&D work, specifically
quality of service (QOS) extensions to the Windows NT(TM) operating
system.''
John Connell, Teknowledge's Distributed Systems Engineering Program
Manager, said: ''We are assembling an all-star team for our Quorum
Internet 2 contract. We have already recruited Dr. Slava Vaynman from
Netscape Corporation, and several other key players inside Teknowledge.
We are currently searching for an outside project leader who has
outstanding technical vision, distributed systems integration experience
and project management skills.''
Frederick Hayes-Roth, Chairman and CEO, commented, ''Teknowledge is
already deeply involved in creating the Next Generation Internet or
Internet 2. We are playing a central role in the DOD's Next Generation
Information Infrastructure, and we are now in a position to take a
leadership role in the Internet 2 component integration and quality of
service software. We will pursue several high value technical and
business opportunities to leverage this key contract.''
Teknowledge's contract contains one option which, if exercised, will
bring the total cumulative value of the contract to approximately $25M.
Work is expected to be completed in September 2001. The contract was
competitively selected, with 96 other proposals received. This contract
confirms the notification of award given Teknowledge in January 1998.
Teknowledge's current backlog of multi-year project commitments,
including this contract, stands at $33M. Space and Naval Warfare Systems
Center, San Diego, Calif., is the contracting agency.
Teknowledge is a 16 year-old distributed knowledge management Company.
It provides architecture, design and software systems development
services for government and commercial Internet applications.
Teknowledge's E-Commerce Systems business sells commercial software and
services for selling products on the Internet. Teknowledge stock is
traded OTC under the symbol TEKC.
NOTE: Windows NT is a trademark of Microsoft Corporation.
SOURCE: Teknowledge Corporation
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