IRVING, Texas, April 1 /PRNewswire-FirstCall/ -- EF Johnson
Technologies, Inc. (Nasdaq: EFJI) announced today that its 3e
Technologies International, Inc. (3eTI) subsidiary has received
additional incremental funding totaling $2.4
million under two U.S. Navy contracts. The first funding
increment is valued at $1.6 million
and is under the $48 million contract
announced by the Company in October
2008 to provide the Navy with its virtual perimeter
monitoring system (VPMS). The second funding increment is
valued at $.8 million and is under
the $4.8 million contract, with four
options valued up to $21 million,
announced by the Company in November
2009 to provide the Navy with its FIPS 140-2 Validated™
secure wireless sensor solution.
"We are committed to providing secure wireless solutions to our
armed forces, and receipt of additional funding further proves this
commitment," said Michael Jalbert,
president and chief executive officer of EF Johnson Technologies,
Inc. "We look forward to continuing our support of the Navy through
our VPMS and wireless sensor solutions that monitor and assist in
the protection of Navy personnel and property."
About EF Johnson Technologies, Inc.
Headquartered in Irving, Texas,
EF Johnson Technologies, Inc. focuses on innovating, developing and
marketing the highest quality secure communications solutions to
organizations whose mission is to protect and save lives. The
Company's customers include first responders in public safety and
public service, the federal government, and industrial
organizations. The Company's products are marketed under the
EFJohnson, 3e Technologies International, and Transcrypt
International names and are Made in America. For more information,
visit http://www.EFJohnsonTechnologies.com.
Safe Harbor
Certain matters discussed in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to certain risks and uncertainties that
could cause the actual results, performance or achievements to
differ materially from those expressed, suggested or implied by the
forward-looking statements due to a number of risk factors
including, but not limited to, our ability to repay our bank debt
when due, continued access to bank lines of credit, the timing and
receipt of orders, the level of demand for the Company's products
and services, dependence on continued funding of governmental
agency programs, reliance on contract manufacturers, the timely
procurement of necessary manufacturing components, software feature
development and the implementation of application
software, successful integration of the system components,
general economic and business conditions, and other risks detailed
in the Company's reports filed with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the period
ended December 31, 2009 and in the
Company's subsequent filings with the SEC. These forward-looking
statements are made as of the date of this press release and the
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise. Readers are cautioned not to place
undue reliance on these forward-looking statements.
SOURCE EF Johnson Technologies, Inc.