Exigent Awarded GTE Contract - ANOTHER NEW CUSTOMER!!
MELBOURNE, Fla., Oct. 26 /PRNewswire/ -- Exigent International, Inc. (Chicago: XNT; OTC Bulletin Board: XGNT) subsidiary Software Technology, Inc. (STI) announced the execution of a new contract with GTE's GSC Data Systems Services Corporation of El Segundo, California.
Under this open-ended five-year contract, STI will provide satellite command and control software and unspecified engineering services in support of the development activities of the worldwide telecommunications giant at Albuquerque, New Mexico and Colorado Springs, Colorado. Exigent and STI managers estimate the value of the contract could be as much as $500,000 annually or $2.5 million if all contract options are exercised.
Exigent CEO, Bernie Smedley, said, ''This new relationship is a perfect fit with our two-decade history of space systems and operations service.''
Exigent International, Inc. (http://www.xgnt.com) is a holding company capitalizing on emerging high-technology opportunities; specializing in satellite command and control solutions for systems such as IRIDIUM(R) and the NAVSTAR Global Positioning System (GPS). For more information contact: Don Riordan, CFO at (407) 952-7550 or (888) 952-XGNT or FAX (407) 952-7555. |
