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Microcap & Penny Stocks : Exigent International, Inc. (XGNT)

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To: george eberting who wrote (49)2/23/1998 9:55:00 AM
From: Madeleine Harrison  Read Replies (1) of 159
 
You can view the MCRR Profile at the
web site:
mcrr.com

Exigent Receives Contract to Support Global Positioning
System

MELBOURNE, Fla., Feb. 23 /PRNewswire/ -- Exigent International,
Inc.
(OTC Bulletin Board: XGNT, CHX: XNT) announced that Lockheed Martin
Mission Systems Company Gaithersburg, MD ordered an additional $1
million of OS/COMET(TM) licenses from Exigent's subsidiary firm
Software Technology, Inc. (STI). The OS/C0MET(TM) licenses support
qualification testing of the next generation architecture for the USAF
Global Positioning System (GPS). OS/COMET(TM) is the core product
providing Telemetry, Tracking and Control (TT&C) capability for the
new GPS ground station.
The OS/COMET(TM) licenses support the operational control segment
architecture upgrade for the next generation of the Department of
Defense NAVSTAR Global Positioning System. NAVSTAR GPS is a
constellation of 24 satellites that instantaneously provides precise
three-dimensional navigation information.
Lockheed Martin selected OS/COMET(TM) as a key component for the
architecture upgrade in their proposal and subsequent award of the GPS
Operational System Upgrade Contract in July of 1997. As partner and
subcontractor, STI supplies engineering services to tailor the
OS/COMET(TM) databases and software facilities to support the GVS TT&C
capability. As the primary developer of this mission capability, STI
has supplied five incremental releases with increasing functionality
to Lockheed Martin. The final release fully supports the TT&C
requirements for the GPS II, IIA and IIR satellites. Lockheed Martin
will deploy newly purchased OS/COMET(TM) licenses in operational-like
laboratories and will further qualify the TT&C software prior to
formal delivery to the USAF.
Exigent is a publicly traded holding company capitalizing on
emerging
high-technology opportunities. Its two operating subsidiaries are
Software Technology, Inc. and FotoTag, Inc. STI specializes in
command and control solutions for the world's largest satellite
constellations including IRIDIUM(R) with 46 satellites. FotoTag, Inc.
develops and markets advanced tracking systems for airline passengers,
baggage and products.

IRIDIUM(R) is a registered trademark and service mark of Iridium
LLC.

SOURCE Exigent International, Inc.
/CONTACT: Don Riordan, CFO, 888-952-XGNT (9468) or Jim Wheeler
847-918-8464, both of Exigent International, Inc./
/Web Site: http//www.xgnt.com/
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