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EF Johnson Technologies, Inc. Receives $5 Million Funding Increment From U.S. Navy
IRVING, Texas, Nov 12, 2009 /PRNewswire-FirstCall via COMTEX/ --
EF Johnson Technologies, Inc. (Nasdaq: EFJI) today announced that its 3e Technologies International (3eTI) subsidiary has received a funding increment of $5 million from the U.S. Navy to extend the virtual perimeter monitoring system (VPMS) solution it is currently providing to the Navy.
"We are providing engineering support as well as design and implementation for the Navy-wide VPMS solution," said Michael Jalbert, president and chief executive officer of EF Johnson Technologies, Inc. "This system combines real-time video surveillance with our FIPS 140-2 Validated(TM) secure broadband technology as a force multiplier to protect Navy personnel and property. This latest funding increment further demonstrates our ability to deliver this solution and our commitment to provide seamless and secure voice, video, and data to the DoD," added Jalbert.
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, 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, continued access to bank lines of credit, 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, 2008 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.
http://www.EFJohnsonTechnologies.com
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