STERLING, Va., April 25, 2011 /PRNewswire/ -- InferX Corporation (Pink Sheets: NFRX), announced today that it has been awarded task orders under a US Navy Seaport-e contract with a value of approximately $500,000 to provide advanced analytics and enterprise architecture design and implementation support for enhancing critical US Navy business processes and improving cost savings.
"Through the application of Advanced Analytics technology, InferX provides our organization measurement of execution against business strategy to ensure the two are aligned at all levels across the enterprise. This provides a framework that links people, information, and decision-making processes throughout the organization, and enables leadership a complete view of operations. Ultimately, this provides us the ability to conduct comprehensive analysis and scenario development on data sets giving Navy leadership the ability to conduct enhanced operational planning," said the Navy client.
The main focus of these projects is to provide Department of Navy operational and financial managers with additional insights gained through enhanced analytical capabilities that lead to increased cost savings through new methodologies for operational planning and execution processes and procedures. The InferX solution provides US Navy and other Department of Defense agencies with the ability to rapidly conduct operational review analysis within a framework of multiple data sources without bringing all the data together thus turning the data into information, and process the information into knowledge so that the US Navy can make better business decisions.
Vijay Suri, President & CEO of InferX Corp, said: "This new business continues our efforts to solidify our market leadership in the federal advanced analytics marketplace, through expansion of our support to DOD and US Navy clients, by improving their operational, corporate performance management and planning processes utilizing advanced analytics."
InferX is the market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions. InferX has pioneered and commercialized a powerful, patented suite of advanced data analytical solutions that improve corporate performance across the enterprise in the healthcare, financial services, and government markets. InferX is uniquely capable of delivering secure, real-time, and privacy preserving intelligence and decision support — all without the need to move data. InferX is headquartered in Sterling, VA. Additional information can be found at www.inferx.com.
Certain statements above, in press releases and NFRX officials oral statements are "Forward-Looking Statements" (FLS) according to the Private Securities Litigation Reform Act of 1995 (the "Act"). FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. See InferX's 10-K for 12/31/10 for a discussion of those risks. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. NFRX has no specific intention to update these statements.