Cryptek Acquires Secure Systems Group (SSG) Assets
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STERLING, Va., March 28: CRYPTEK, Inc., a privately held developer and provider of security solutions announced today the company has received approval to acquire SSG's assets through the terms of the bankruptcy court. The assets include SSG's current product portfolio, contracts, customer base, and their test and manufacturing facilities that will enable Cryptek to expand their current facilities in Sterling, Virginia. The transition of all assets will be complete by the end of March 2007.
"We are excited about this acquisition for many reasons," states Bill Anderson, President and CEO for Cryptek. "By acquiring these assets we are continuing to expand our Security and TEMPEST product offerings to include such solutions as Secure Video and Video Conferencing Systems. With the acquisition of the SSG assets, in combination with the EMCON acquisition, we are adding over 70 products to our portfolio with only a 4% net product overlap between the three (3) companies. These acquisitions allow us to quickly bring more products to market under the Cryptek name while utilizing our design, development and testing resources to support our portfolio of strategic product initiatives. The acquisition of the SSG assets is another step towards Cryptek becoming a leader in the TEMPEST market."
"We will now be able to offer all products acquired through these recent acquisitions in both the US and International markets," adds Glenn Ritzmann, VP TEMPEST and Fax. "In addition to the products we are adding to our portfolio, we are also adding additional resources in our engineering and manufacturing divisions. Cryptek is continuing to increase our number of Level 2 Certified TEMPEST Professionals in the industry as we position ourselves to be a major player in these markets and accounts."
ABOUT CRYPTEK: Cryptek, Inc., a privately held developer, manufacture and solutions integrator is recognized as an industry leader of dynamic and trusted identity and access control solutions and TEMPEST products. With over 20 years of experience in developing and delivering security solutions, Cryptek has worked with numerous DoD & Civilian agencies. Partnered with the industries top software and hardware manufactures, Cryptek offers customers advanced security solutions to meet their ever growing needs. Current Cryptek solutions have been awarded an EAL 4 rating from Common Criteria (CC) and numerous cryptographic module evaluation certificates as part of the National Institute of Standards and Technology (NIST) Federal Information Processing Standards Publication (FIPS PUB140). For more information, please visit the Cryptek web site at www.cryptek.com .
For further information, visit www.24-7pressrelease.com/ .
Source: Cryptek, Inc.
CONTACT: Sara Hobson, Director, Marketing of Cryptek, Inc.,
+1-571-434-2037, shobson@cryptek.com
Web site: www.cryptek.com/
