EF Johnson Technologies, Inc. Receives $2.4 Million in Funding Increments from the Department of Defense
Company provides continuing support to the U.S. Navy through its secure wireless solutions
Posted:
Irving, TX – April 1, 2010 – 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.”