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Essex
Corporation (Nasdaq - KEYW)
Provides advanced
optoelectronic imaging and signal processing services and products for U.S.
Government intelligence, defense customers and communications customers.
Website:
www.essexcorp.com
KEYW
Investor Highlights
- Announced the award of an
Indefinite Delivery / Indefinite Quantity (IDIQ) contract with a maximum
value of $40 million for software configurable radar systems, spares,
additional engineering, and support services.
- Announced that they have
completed the previously announced transaction concerning the sale of
Adaptive Optics Associates, Inc., a subsidiary of Metrologic ("AOA")
to Essex. Needham & Company, LLC acted as financial advisors to
Metrologic and its Board of Directors on this transaction.
- Announced it has entered
into a binding Purchase Agreement to acquire Adaptive Optics Associates,
Inc. (AOA) from Metrologic Instruments. Under the terms of the
Agreement, Essex will purchase all of the outstanding capital stock of
AOA for approximately $40.3 million in cash.
- Essex expects AOA to be
profitable, with over $36 million in pro forma revenue for 2006, of
which more than 85% is for U.S. Government customers.
- Announced it is increasing
2006 revenue guidance to the range of $230-$240 million. Revenues for
the three month period ended June 30, 2006 were $63.8 million as
compared to $41.4 million in the same period of 2005.
- Income After Taxes was
$1.6 million and $1.8 million in the three month periods ended June 30,
2006 and June 30, 2005, respectively.
- Announced the launch of
its software configurable radar system as a product. This product, the
Multi-Band Synthetic Aperture Radar system or MB-SAR, is the first radar
product of its kind on the market, offering the flexibility of changing
and optimizing radar collection in real time using software controls.
- Announced the completion
of field testing of the radar Advanced Optical Processor (AOP) with a
range radar. Successful completion of these tests was the last critical
step in demonstrating that the AOP can be integrated with a radar while
collecting and processing advanced arbitrary waveforms in real time.
Overview
Essex provides advanced signal, image, information processing,
information assurance and cyber-security solutions, primarily for U.S.
Government intelligence and defense customers, as well as for commercial
customers. The Company creates solutions by combining services and expertise
with hardware, software, and proprietary and patented technology to meet customers' requirements.
Essex provides advanced optoelectronic imaging and signal processing
services and products for U.S. Government intelligence, defense customers
and communications customers with whom they have established and maintained
long-standing and successful relationships. KEYW provides optoelectronic 3D
imaging and signal processing services to classified U.S. Government
customers under next generation research and development contracts. The
Company
delivers software for making intelligent decisions in complex environments,
including- web-enabled GIS systems to manage and secure U.S. Army physical
assets.
Essex supports the intelligence community's mission critical voice and
video systems infrastructure and provides systems engineering services to
highly classified U.S. Government customers. They build optical communications
and networking system elements and components, as well as signal and image
processing software products. While historically the Company has sold its products
to the intelligence and defense markets, it believes existing products
and its patent portfolio position it well to benefit from spending on next
generation technology that decreases the costs and increases the speed,
performance and security of existing communications networks.
This is an abbreviated profile and we encourage readers
interested in learning more about Essex Corporation to visit the company website at
www.essexcorp.com.
Operations
Essex provides advanced optical and
optoelectronic, signal processing services and products within
the following four business areas:
- Communications and Networks.
Provides services and products
that transmit and encode signals and analyze communications in a variety
of formats. These services and products utilize optoelectronic and
signal processing expertise to build highly secure, next generation
networks that can provide wavelength provisioning and bandwidth on
demand.
- Cognitive Computing. Software tools and cognitive
architectures are used to extract meaning from unstructured and complex
textual, numeric, image and signal data. Once meaning is extracted, software tools enable intelligent decision support and predictive
modeling.
- 3-D Imaging and Geographic Information Systems.
3-D
products feature optoelectronic processing and Synthetic Aperture Radar,
or SAR, imagery technology to provide 3-D images. GIS products and
services identify the location of objects within a three dimensional
map. Applications for 3-D Imaging and GIS products include cloud,
foliage and ground penetration, emergency operations management, change
detection, utility monitoring, and mineral exploration.
- Radar Analysis. Provides advanced optical processing
products, which are high performance radar signal processors, that can
be applied to radar signal analysis for advanced ballistic missile
defense.
- Critical Information Technology Infrastructure.
Provides
information technology, project management, integration and engineering
analysis services which facilitate the modernization of the intelligence
community's mission critical voice and video systems and associated
infrastructure.
Recent
News and Press Releases
Essex
Corporation Creates New Information Assurance Facility
Northrop
Grumman to Acquire Essex Corporation for $24 Per Share Cash
Essex
Corporation Raises 2006 Revenue Guidance and Reports Q3 2006 Results
Essex
Contract Expands by $160 Million
Essex
Receives $40 Million Contract for Radar Product Delivery & Support
Services
Metrologic
and Essex Corporation Close Sale Transaction of AOA, a Subsidiary of
Metrologic
Essex
Corp raises 2006 revenue outlook
Essex
Corporation Completes Adaptive Optics Associates Acquisition
Essex
Corporation Digital 10 Gb/s Products Move to Production
Essex
Corporation to Acquire Adaptive Optics Associates
Essex
Corporation Raises 2006 Revenue Guidance and Reports Q2 2006 Results
Essex
Corporation Launches Software Configurable Radar System
Essex
Corporation Announces Completion of Advanced Optical Processor Field Testing
For the latest Quote and News on
KEYW Click Here.
Three
Month Chart
Outlook
Essex Corporation, a
small-cap value company in the consumer services sector, is expected to
match the market over the next six months with less than average risk. Source
MSN
Contacts
Essex Corporation
Kim DeChello
Vice President Administration,
Investor Relations
Columbia, MD
Tel: 301-939-7000
dechello@essexcorp.com
SEC Filings
KEYW filings with the SEC can be found here.
All Fillings are current and the Company is fully reporting.
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Information contained in this report was extracted from current documents
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link of which can be found on our web site. This document contains
forward-looking statements, particularly as related to the business plans of
the Company, within the meaning of Section 27A of the Securities Act of 1933
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