HANOVER, Md., Dec. 17, 2010 (GLOBE NEWSWIRE) -- KEYW Corporation (Nasdaq:KEYW) announces a new contract award for the assembly and test of high density specialized Printed Circuit Boards (PCBs), utilizing our state-of-the-art Surface Mount Technology (SMT) laboratory. The contract, which is from one of our major customers, is a twelve month delivery order contract with a maximum contract value of over $16 million. The initial Firm Fixed Priced order on the contract will be approximately $6,000,000 with options for increased quantities over the next year.
In early 2010, KEYW invested in building our advanced SMT laboratory and hired a highly skilled workforce to immediately deploy a fully operational facility. "Since that time our SMT team has quickly established a reputation for providing high quality services in a Quick Reaction Capability (QRC) environment," according to Leonard Moodispaw, CEO and President of KEYW. "We believe that we offer our customers a uniquely skilled facility that is focused on the agile delivery of high-end assembly of complex designs, thereby fulfilling requirements that are beyond the capabilities of mass production facilities."
This new product area adds to our existing platform of products. The SMT laboratory was a strategic investment in our product capabilities. The SMT capability along with our engineering design expertise allows KEYW to provide full mission critical products and services from concept through development, production, test and deployment to our intelligence and defense customers.
About KEYW: KEYW provides agile cyber superiority and cybersecurity solutions, primarily for U.S. Government intelligence and defense customers. We create our solutions by combining our services and expertise with hardware, software, and proprietary technology to meet our customers' requirements. For more information contact KEYW Corporation, 1334 Ashton Road, Hanover, Maryland 21076; Phone 443-270-5300; Fax 443-270-5301; E-mail investor@keywcorp.com, or on the Web at www.keywcorp.com.
Forward-Looking Statements: Statements made in this press release that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements about our future expectations, plans and prospects, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," "potential," and similar expressions. Our actual results, performance or achievements or industry results may differ materially from those expressed or implied in these forward-looking statements. These statements involve numerous risks and uncertainties, including but not limited to those risk factors set forth in our prospectus, dated September 30, 2010 and filed with the Securities and Exchange Commission (SEC) on October 1, 2010 pursuant to Rule 424(b)(4) under the Securities Act of 1933, and other filings that we make with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements. KEYW is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
CONTACT: KEYW Corp. Ed Jaehne, Chief Strategy Officer 443-270-5300