HANOVER, Md., April 1, 2014 (GLOBE NEWSWIRE) — The KEYW Holding Corporation (Nasdaq:KEYW) announced today that its subsidiary, The KEYW Corporation, signed a lease for an additional 90,000 square feet of space in a new building close to its Headquarters on Milestone Parkway, Hanover, Maryland. The building will be designed to support KEYW’s Advanced Cyber Research and Training Center. KEYW has an option for the remaining 30,000 square feet in the building to allow for rapid expansion of its cyber capability.
KEYW President and CEO Len Moodispaw stated, “KEYW has always been on the leading edge of cybersecurity and this investment to expand our infrastructure comes as a result of our recognition that the U.S. Government needs the cyber expertise we provide.”
In his remarks delivered at the retirement ceremony of the outgoing Director of the NSA, Defense Secretary Chuck Hagel stated that the Department of Defense is expanding its modern cyber force in an effort to enhance the United States’ “ability to deter aggression in cyber space, deny adversaries their objects, and defend the nation from cyber attacks that threaten our national security” and that “[i]n 2016, that force should number over 6,000 professionals” working together to “defend the United States against major cyber attacks”.
The primary mission of the new KEYW Advanced Cyber Research and Training Center will be to develop tools and analytics to help protect and defend U.S interests, as well as to create a state-of-the-art training center designed to support the increased throughput of students required to bring the cyber warfare forces up to full strength.
Greg Dixon, one of the founding members of KEYW has been promoted to Sector Vice President and will provide the leadership for the Advanced Cyber Research and Training Center. Greg has led the organic growth of KEYW’s Government cyber business over the past five years.
This lease follows the expansion of KEYW’s Airborne Sensors and Flight Operations Center in North Andover, Massachusetts by 10,000 square feet to support new sensor technologies and flight service offerings. KEYW is also planning to expand into an additional 15,000 square feet of space in its Severn Maryland facility to accommodate growth in both sensor and micro-electronic development.
KeyW is an innovative national security solutions provider to the Intelligence, Cyber, and Counterterrorism communities. KeyW’s advanced technologies in cyber; intelligence, surveillance and reconnaissance; and analytics span the full spectrum of customer missions and enhanced capabilities. The company’s highly skilled workforce solves complex customer challenges such as preventing cyber threats, transforming data to actionable intelligence, and building and deploying sensor packages into any domain. For more information, please visit www.KeyWCorp.com and follow KeyW on Twitter @KeyWCorp.
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 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, including, but not limited to, express or implied statements concerning: our expectations regarding our future financial performance, including the potential impact of successful contract awards; our bid and proposal pipeline; our ability to achieve projected growth in certain of our business units and the expected timing of such growth; demand for our products, services and solutions serving the intelligence, cyber and counterterrorism communities; and performance of key contracts, including the timing of production related to certain of our contracts and product offerings. Factors that may cause our results to differ, potentially materially, from those expressed or implied in our forward-looking statements include, but are not limited to: risks to our business and financial results related to reductions and other spending constraints imposed on the U.S. Government, including as a result the Federal budget deficit and Federal government shut-downs; risks of adverse regulatory action or litigation; risks that changes, cutbacks or delays in spending by Intelligence Community (IC) customers, including the National Security Agency (NSA), the National Geospatial-Intelligence Agency (NGA), and other agencies within the IC, the Federal Bureau of Investigation, and the Department of Defense (DoD) may occur, which could cause delays or cancellations of key government contracts; risks of delays to or the cancellation of our projects as a result of protest actions submitted by our competitors; risks that changes may occur in Federal government (or other applicable) procurement laws, regulations, policies and budgets; risks related to changes in government and customer priorities and requirements (including cost-cutting initiatives, the potential deferral of awards, terminations or reduction of expenditures to respond to the priorities of Congress and the Administration; and those risk factors set forth in our Annual Report on Form 10-K, dated and filed March 16, 2018 with the Securities and Exchange Commission (SEC), and other filings that we make with the SEC from time to time. Due to such uncertainties and risks, investors are cautioned not to place undue reliance on such forward-looking statements. We are under no obligation to (and expressly disclaims any such obligation to) update or alter our forward-looking statements whether as a result of new information, future events or otherwise.
Director, Corporate Communications
Vice President, Investor Relations and Treasury