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Network Equipment Technologies to Provide Maintenance of Hardware and Software Used by DISA, Under Subcontract From CACI

^{Published on 2011-02-22 05:45:39 - Market Wire}
 

FREMONT, CA--(Marketwire - February 22, 2011) - NET Federal, a wholly-owned subsidiary of Network Equipment Technologies, Inc. ("NET") (NASDAQ: [ NWK ]), announced today that it has received a contract award in excess of $3 million of maintenance services, provided on a subcontract basis, for the Defense Information Services Agency (DISA) of the Department of Defense. Under the subcontract agreement with CACI, Inc., which NET had been anticipating since the beginning of calendar 2011, NET will deliver 24x7 Technical Assistance Center (TAC) support for NET hardware and software to DISA over the period from January 3, 2011 to January 2, 2012.

"We are very pleased to receive this order, which is the first significant order for NET Federal services since we returned to providing these services fully in-house in mid-December 2010," said John Winters, Vice President of NET Federal. "This order represents a new phase in our relationship with CACI, and we look forward to a continuing affiliation with CACI as one of our channels for the sale of services on NET products." As a result of NET's return to providing these services independently, the company has removed an external burden on service costs, which will benefit the company's service gross margin.

About Network Equipment Technologies
Network Equipment Technologies, Inc. (NET) delivers high performance networking equipment optimized for real-time communications. For more than a quarter of a century, NET has delivered solutions for multi-service networks requiring high degrees of versatility, security and performance. Today, the company is focused on providing secure real-time communications for unified communications (UC), SIP trunking, enterprise mobility, and IP-based multi-service networking. NET is headquartered in Fremont, CA and has 14 offices worldwide including the U.S., the U.K., France, the Middle East, China, Japan, Australia, and Latin America. The company sells its solutions to enterprise and government customers through a direct sales force and an international network of resellers and distributors. For more information, please visit the company's website at [ www.net.com ].

About NET Federal
NET Federal, Inc. is a wholly owned subsidiary of Network Equipment Technologies (NET). Since 1988, NET Federal has been providing the US DoD and other government agencies and systems integrators with reliable, robust, bandwidth saving voice and data solutions. Products offered by NET Federal include the Promina intelligent bandwidth manager and the VX Series voice exchange with integrated Session Border Controller (SBC). Both the Promina and VX Series are JITC certified as Tactical Network Elements enabling secure voice communications over limited bandwidth transport. NET Federal has its main office in Dulles, Virginia, with representation locations in Tampa and Jacksonville, FL, St. Louis, Mo, Austin, TX, Sierra Vista, AZ and Fremont, CA (NET corporate headquarters). NET Federal holds both GSA Schedule and DITCO BPA contracts.