COLORADO SPRINGS, Colo., Oct. 19, 2016 /PRNewswire/ -- root9B, a root9B Technologies (OTCQB: RTNB) company, and leading provider of advanced cybersecurity products, services, and training, announced today that it has been awarded more than $750,000 in Department of Defense and commercial critical infrastructure contracts.
The United States Navy awarded root9B a $480,000 contract that will leverage root9B's credentials as a pure-play, thought-leader in advanced cyber operations. The engagement provides US Navy cyber operators with the skills and capabilities needed to defend its critical operational networks. Additionally, a leading commercial infrastructure provider awarded root9B a contract valued at more than $250,000 to provide advanced cybersecurity services. root9B will employ its industry unique Attack Surface Baseline approach which integrates client-specific, tailored Threat Intelligence, and adversary mindset to identify and remediate network vulnerabilities.
These most recent awards represent a growing awareness and acceptance of root9B's unique adversary pursuit (HUNT) solution. To date in 2016, the company's ongoing business development activities have yielded more than $12 million in contracts spread over several years with commercial and government entities. These contracts span engagements across Fortune 500 companies, government agencies and blanket purchase agreements.
"We are very encouraged by the growing adoption of root9B's unique products and services as evidenced by these recent engagements and the increase in contracts in 2016," said Eric Hipkins, root9B CEO. "We are optimistic about our prospects and performance for 2017 and beyond."
Based in Colorado Springs, CO, root9B is a leading provider of advanced cybersecurity services and training for commercial and government clients. Combining cutting-edge 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 active adversary pursuit (HUNT) engagements on networks worldwide. For more information, visit www.root9b.com.
About root9B Technologies, Inc.
root9B Technologies (OTCQB: RTNB) is a leading provider of Cybersecurity and Regulatory Risk Mitigation Services. Through its wholly owned subsidiaries root9B and IPSA International, root9B Technologies 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.root9btechnologies.com
Forward Looking Statements
Certain information contained in this press release may include certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on root9B Technologies' 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 root9B Technologies business. These risks, uncertainties and contingencies are indicated from time to time in root9B Technologies 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 root9B Technologies financial results in any particular period may not be indicative of future results. root9B Technologies 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.