Contract Calls for Up to .6M of Crypto Cards for Secure Phone and Terminal Systems
Rainbow Mykotronx, a Rainbow Technologies, Inc. (Nasdaq: RNBO) company, today announced a new multi-year contract with the Department of Defence’s (DoD) National Security Agency (NSA). Under the Indefinite Delivery/Indefinite Quantity (IDIQ) contract, NSA may purchase FORTEZZA(R) Plus Crypto Cards over a three-year period, for a maximum contract value of .6M. Rainbow Mykotronx’s previous IDIQ contract, valued at .3M, was completely consumed in less than three years.
The FORTEZZA(R) Plus Crypto Card is the key component in securing classified voice communications throughout the DoD and other Government agencies. Rainbow Mykotronx, a leading provider of custom and high-assurance solutions for Government and commercial markets, is the developer and sole provider of the high-assurance FORTEZZA(R) Plus products.
“We were thrilled with NSA’s decision to return to us for the production of this product,” said John Droge, vice president, Rainbow Mykotronx. “This type of multi-year contract is exactly the vehicle Mykotronx needs to be able to supply a continuous stream of products and meet our Government customers’ increasing demands.”
About Rainbow Mykotronx:
Since 1979, Rainbow Mykotronx has pioneered cryptographic technology and set standards for secure electronic communications. Rainbow Mykotronx has designed and manufactured the world’s most sophisticated and dependable custom cryptographic solutions. With all operations certified under the worldwide ISO-9001 standard, Rainbow Mykotronx designs and manufactures cryptographic equipment that is essential for use in very high-assurance applications such as networking/telecommunications, wireless, conditional access and financial stored value. Mykotronx solutions include both off-the-shelf and custom developed products.
About Rainbow Technologies:
Founded in 1984, Rainbow Technologies is a leading provider of security solutions for the Internet and eCommerce. Rainbow applies its core technology to a variety of Internet applications from securing software, to the acceleration of secure communication for eCommerce and Virtual Private Networks (VPNs). Rainbow's products include; secure Web server and VPN acceleration boards; anti-piracy and Internet software distribution solutions; PKI-based security solutions; voice, data and satellite security systems; and USB-based Web authentication tokens. Rainbow Technologies has headquarters in Irvine, California, and has offices throughout the United States, United Kingdom, France, Germany, Australia, China, India, The Netherlands, Brazil and Taiwan. A network of nearly 80 authorised distributors sell Rainbow products worldwide. For more information, visit http://www.rainbow.com.
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FORTEZZA is a registered trademark of Rainbow Technologies. All product and company names are trademarks of their respective owners.
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements, certain of which are contained in this press release and include, but are not limited to, the nature, terms, and valuation of the multi-year contract and the company’s ability to maintain its status as a leading provider of custom and high-end assurance solutions for the government and commercial markets. These statements speak only as of the date of this press release and are subject to various risks and uncertainties that could impact actual results.
Dan Chmielewski / Graham Peat,
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