EF Johnson Technologies, Inc. Receives $0.5 Million Funding Increment to Task Order from U.S. Navy
Company to provide virtual perimeter monitoring system solution
Posted: 5/6/2009
Irving, TX – May 6, 2009 – EF Johnson Technologies, Inc. (NASDAQ: EFJI) announced today that it has received a funding increment of $500,000 from the U.S. Navy. This funding increment calls for the company to provide the Navy with its virtual perimeter monitoring system, and is in addition to the $19 million task order that the company announced in October 2008.
“This task order calls for us to provide engineering support for the Navy-wide virtual perimeter monitoring system (NVPMS) solution, as well as for the design and implementation of the NVPMS baseline system,” said Michael Jalbert, president and chief executive officer of EF Johnson Technologies, Inc. “These systems will be deployed in Navy installations in the U.S. as well as in the Pacific region. We are looking forward to supporting the Navy in these task orders.”
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.
About Francisco Partners
With approximately $5.0 billion of committed capital and offices in San Francisco and London, Francisco Partners is one of the world’s largest technology-focused private equity funds. The firm was founded to pursue structured investments in technology companies undergoing strategic, technological, and operational inflection points. Francisco Partners targets majority and minority investments in private companies, public companies, and divisions of public companies. The principals of Francisco Partners have a proven track record, having invested in excess of $4.0 billion of equity capital in over 50 technology companies. For additional information, visit www.franciscopartners.com.
