EF Johnson Press Release - September 15, 2009
EF Johnson Technologies, Inc. Receives $8.6 Million Contract from DoDCompany to provide accessories for Project 25 compliant radios already in deployment
Irving, TX – September 15, 2009 – EF Johnson Technologies, Inc. (NASDAQ: EFJI) today announced that it has received a contract valued at $8.6 million from the US Department of Defense (DoD). This new indefinite delivery indefinite quantity (IDIQ) contract calls for the company to provide accessories for the Project 25 compliant two-way radios already in deployment.
“In the past five years, we have provided approximately 80,000 radios to the DoD that are used by war fighters in support of the war on terror,” said Michael Jalbert, president and chief executive officer of EF Johnson Technologies, Inc. “This new contract calls for radio accessories which includes EF Johnson’s batteries and chargers. Among the batteries specified in this contract is the Lithium Ion battery, a ruggedized battery that provides a longer battery life and is 5 ounces lighter in weight than the standard Nickel Metal Hydride battery resulting in a 20% lighter radio. The tri-chemistry charger supports Lithium Ion, Nickel Metal Hydride, and Nickel Cadmium batteries used in land mobile radio. Our company has a proud heritage of providing quality wireless communications solutions to our armed forces, and we look forward to our continued support of the DoD.” The Company has received an initial delivery order for $0.5 million against this contract, Jalbert added.
Kevin Nolan, 972.819.0710
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. For more information, visit http://www.EFJohnsonTechnologies.com.
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 level of demand for the company’s products and services, 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, dependence on continued funding of governmental agency programs, 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, 2007 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.