HANOVER, Md., April 05, 2016 (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 to a U.S.-based customer. The infrastructure will be based on KEYW’s Ginkgo Cyber Learning Management Environment (C-LME). The single-award contract has a total ceiling value of $152 million over five years.
“We are honored to be selected by this customer to provide an advanced cyber training solution that serves the customer’s end-to-end training mission requirements,” commented Bill Weber, CEO and President of KEYW Corporation. “KEYW’s innovative Ginkgo cyber learning management product and strong tradition of delivering high-quality cyber training programs were key elements in this award which further builds on our reputation as a leader in advanced cyber training.”
KEYW’s Ginkgo Cyber Learning Management Environment 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 autograding of complex 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.
About KEYW
KEYW is a total solutions provider for the Intelligence Community's toughest challenges. We support the collection, processing, analysis and dissemination of information across the full life cycle of the Intelligence Community's mission. We employ and challenge the most talented professionals in the industry with solving such complex problems as preventing cyber threats, transforming data into intelligence, and combating global terrorism. For more information contact KEYW Corporation, 7740 Milestone Parkway, Suite 400, Hanover, Maryland 21076; Phone 443-733-1600; Fax 443-733-1601; E-mail investors@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,” “opportunities”, 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 15, 2016 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.