Government Telecommunications, Inc. Receives Multiple Award Multi-Year IDIQ; Contract From U.S. Department of Justice Contract Has an Aggregate Ceiling of $50 Million Over a 7 Year Period
Posted on: Monday, 5 June 2006, 09:01 CDT
Government Telecommunications, Inc., a subsidiary of Applied Digital (NASDAQ:ADSX) , announced today that it is one of only two companies that received a multiple award, multi-year Indefinite Delivery - Indefinite Quantity (IDIQ) contract issued by the Department of Justice. The contracts, with an aggregate ceiling on spending for the project of $50 million between both contract recipients, are for the provision, over an expected seven-year period, of telecommunications equipment and telephone maintenance support services to over 260 United States Attorney's offices throughout every State and U. S. Territory.
GTI's Chief Executive Officer Richard Patton said, "This contract supports our strategy to provide assistance for agencies migrating toward VoIP. We are proud that one of our core customers, the Department of Justice, selected GTI to assist with the transition."
About Government Telecommunications, Inc.
GTI, a wholly-owned subsidiary of Applied Digital, is headquartered in Chantilly, VA. GTI specializes in designing, deploying and maintaining voice, data and telecommunications networks for agencies of the federal government. Key customers include The Department of Justice, Social Security Administration, the Department of Agriculture, and the Department of Defense. For more information on GTI, please visit www.govtel.com.
About Applied Digital - "The Power of Identification Technology"
Applied Digital develops innovative identification and security products for consumer, commercial, and government sectors worldwide. The Company's unique and often proprietary products provide identification and security systems for people, animals, the food supply, government/military arena, and commercial assets. Included in this diversified product line are RFID applications, end-to-end food safety systems, GPS/Satellite communications, and telecomm and security infrastructure, positioning Applied Digital as the leader in identification technology. Applied Digital is the owner of a majority position in Digital Angel Corporation (AMEX:DOC).
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
Source: Business Wire
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