HANOVER, Md., March 19, 2015 (GLOBE NEWSWIRE) -- The KEYW Corporation, a wholly owned subsidiary of The KEYW Holding Corporation (Nasdaq:KEYW), announced today it has received a prime contract to provide advanced cyber training content development, delivery, and training infrastructure upgrades to a U.S.-based customer. The infrastructure upgrade will be based on KEYW's Ginkgo Cyber Learning Management Environment (C-LME). The single-award indefinite-delivery/indefinite-quantity contract comprises a one-year base period of performance with a one-year option and a ceiling value of $38 million.
"We are pleased to continue expanding our cyber training efforts within the U.S. with this new award," commented Len Moodispaw, CEO and President of KEYW Corporation. "As many are aware, KEYW has long provided advanced cyber training programs to our customers, and with this award, we look forward to continuing that tradition and building on KEYW's reputation as a premier provider of advanced cyber training solutions."
Ginkgo is a unique learning environment that combines traditional learning management (testing, content objects, grading, etc.) with new cyber training-specific functionality. Using Ginkgo, student progress is tracked and aligned with course-specific learning objectives, allowing the customer to have real-time insight into student performance. The Ginkgo ecosystem includes proprietary modules that enable it to work with the organization's IT infrastructure to schedule and deploy virtual resources for classroom scenarios and evaluations. It also facilitates the grading of interactions on these virtualized systems and networks, automating the process of evaluating a student's hands-on performance and including it as a gradable object.
KEYW provides agile cyber superiority, cybersecurity, and geospatial intelligence solutions for U.S. Government intelligence and defense customers and commercial enterprises. 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, 7740 Milestone Parkway, Suite 400, Hanover, Maryland 21076; Phone 443-733-1600; Fax 443-733-1601; E-mail email@example.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," "continuing," "building," 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 Annual Report on Form 10-K, dated and filed March 9, 2015 with the Securities and Exchange Commission (SEC) as required under the Securities Act of 1934, 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: Chris Donaghey 443-733-1600Source:KEYW Corp.