COLORADO SPRINGS, Colo., Jan. 19, 2017 /PRNewswire/ -- root9B, a root9B Holdings Inc. (NASDAQ: RTNB) company, and leading provider of advanced cybersecurity services and training for commercial and government clients, announced today that it is part of a team with Chiron Technology Services, Inc. that was awarded a Department of Defense (DoD) training contract. This contract is an indefinite-delivery/indefinite-quantity (IDIQ) contract, and has a period of performance of 5 years, with a ceiling value of $50 million.
The competitively awarded contract will partner root9B's Subject Matter Expertise and instruction in Advanced Cyber operations. root9B will provide relevant and operationally focused training in Cyber Operations, Incident Response, Threat Emulation, and Network Defense.
The effort will draw on root9B's real-world operational experiences to deliver state-of-the-art cyber training focused on developing the operational skills needed to protect against the evolving capabilities of cyber adversaries and elevate the skills of future cybersecurity teams. As a Mission Qualification Training (MQT) provider to multiple DoD cyber units, root9B understands that developing relevant, practical knowledge, insight, and technical skills is central to establishing a cadre of cybersecurity teams who are mission-ready.
"This contract enables the nation's most-focused Cybersecurity teams to receive operationally relevant advanced training from a strong cadre of teammates," said Mike Morris, root9B's Chief Technology Officer. "We are honored to provide this customer with an advanced cyber training solution that serves the customer's end-to-end training mission requirements."
Ranked as the #1 Cybersecurity company for 2016 by Cybersecurity Ventures, root9B stands in defiance of the unwanted human presence within our clients' networks by attacking the root of the problem—the adversary's ability to gain entry and remain undetected. root9B's application of advanced technology developed through cutting-edge R&D and engineering and refined through relevant, hands-on training is revolutionary. root9B combines next generation technology, tactics development, specialty tools, and deep mission experience. root9B personnel leverage their extensive backgrounds in the U.S. Intelligence Community to conduct advanced vulnerability analysis, penetration testing, digital forensics, incident response, Industrial Control System (ICS) security, and HUNT (Active Adversary Pursuit) engagements on networks worldwide. For more information, visit www.root9B.com.
About root9B Holdings, Inc.
root9B Holdings is a leading provider of Cybersecurity and Regulatory Risk Mitigation Services. Through its wholly owned subsidiaries root9B and IPSA International, the Company delivers results that improve productivity, mitigate risk and maximize profits. Its clients range in size from Fortune 100 companies to mid-sized and owner-managed businesses across a broad range of industries including local, state and government agencies. For more information, visit www.root9bholdings.com
Forward Looking Statements
Certain statements contained in this press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of the Company's business. These risks, uncertainties and contingencies are indicated from time to time in the Company's filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that the Company's financial results in any particular period may not be indicative of future results. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
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