re:I got some IDNX shares the other day in the low 10's. This keeps on rising and I will have a merry Christmas.<g
Friday December 14, 9:05 am Eastern Time
Press Release
SOURCE: Identix Incorporated
Identix Public Sector Captures New Navy Awards Valued at $1.4 Million; First Competitive Wins Under NAVSEA Multiple Award Contract
LOS GATOS, Calif., Dec. 14 /PRNewswire/ -- Identix Incorporated (Nasdaq: IDNX - news) the worldwide leader in providing fingerprint biometric authentication, security, and identification solutions announced today that its wholly-owned subsidiary, Identix Public Sector, Inc., was awarded two competitively solicited Task Orders by the Naval Sea Systems Command (NAVSEA). These are the Company's first competitive wins under the new NAVSEA Multiple Award Contract (MAC). The MAC process is NAVSEA's move into Task Order procurements via e-business and Internet submission of bids and is the catalyst for changing the model for acquisition of NAVSEA services under competitive awards. These contracts are valued at approximately $1.4 million to Identix for the first year. The contracts have yearly renewable options with a potential additional value to Identix of more than $7.3 million over a five-year period.
Under the first Task Order, Identix Public Sector, as the prime contractor, will provide Business Process Interface Link (BPIL), business transformation, and best practices consulting support to NAVSEA's 09B3 organization in Washington, DC. On the second Task Order, Identix, as a subcontractor to the Anteon Corporation, will provide specialized life cycle support services in the planning and execution of maintenance and modernization for the U.S. Navy's Amphibious Warfare, Auxiliary and Command Ships.
Earlier in the year, Identix Public Sector was selected by the US Navy as one of 21 awardees to a $14.5 billion Multiple Award Contract from the Naval Sea Systems Command (NAVSEA). The 15-year contract (5 year base with two 5 year option periods) is an Indefinite Quantity, Indefinite Order type contract to provide program management, financial management, logistics management and engineering services through SeaPort, the portal being utilized by NAVSEA. Identix Public Sector has been designated a prime contractor on a team comprised of major defense and niche professional service providers.
Identix Executive Vice President and COO of Identix Public Sector Linda Howard commented, ``These are strategic wins for us, as they represent our first competitively awarded orders under the NAVSEA MAC vehicle. We believe that these awards are a strong affirmation of the Navy's confidence in Identix' support capabilities at this important time in our nation's history.''
About Identix
Identix Incorporated, www.Identix.com, is a leader in designing, developing, manufacturing and marketing products for the capture and/or comparison of fingerprints for security, anti-fraud, law enforcement, physical access and other applications. Identix designs and develops proprietary, cost-effective, security products and solutions for personal identification and verification. Through itrust(TM), Identix offers an array of Internet and wireless Web secure transaction processing services, and provide a wide range of applications to markets that include corporate enterprise security, Intranet, extranet and Internet, wireless Web access and security, E-commerce, government and law enforcement agencies.
The statements in this release that relate to future plans, events or performance are forward-looking statements that reflect the Company's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance on the safe harbor provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The Company cautions investors that any forward looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in such forward looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with: development of the marketplace for biometrics solutions; demand for the Company's products and services; the ability of the Company's alliances to succeed and in particular, the ability of the Company to complete product development, successfully manufacture its products in volume and broadly disseminate the Company's products; increasing levels of competition in the space for wired and wireless web security services; the perceived need for secure communications and commerce in such markets; and other risks as identified in the Company's SEC filings. The Company disclaims any intention or obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events. |
