Company Press Release
SOURCE: Exigent International, Inc.
Exigent Contract Backlog Rises by $20 Million
MELBOURNE, Fla., Oct. 29 /PRNewswire/ -- Exigent International, Inc. (Nasdaq: XGNT; Chicago: XNT) today announced that subsidiary Software Technology, Inc. (STI) has recently signed software and engineering service contracts with a number of customers. These contracts, although not individually large, nevertheless represent an important element in Exigent business activities.
The aggregate potential dollar value of current STI contract services bookings of this kind has now risen to more than $20 million. This figure is in addition to other, previously reported business.
Under the terms of these agreements, STI will provide a range of advanced satellite command and control engineering, general software engineering, and MIS development services in the Windows(R) NT and UNIX(R) environments. The usual duration of these contracts is up to five years.
Referring to the contract backlog, Bernie Smedley, Exigent CEO said, ''We appreciate the confidence that our customers have consistently shown by selecting STI for their projects. For many years these clients have been a mainstay of our success, and we look forward to continuing our long and beneficial relationships with them.''
Exigent International, Inc. (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.
IRIDIUM(R) is a registered trademark and service mark of Iridium LLC.
SOURCE: Exigent International, Inc.
|
