Tumbleweed Secures Major Federal Defense, Intelligence, and Civilian Contract Wins; Wins Reflect Momentum in Federal Sales
June 22 2005 - 9:00AM
Business Wire
Tumbleweed(R) Communications Corp. (NASDAQ:TMWD), a leading
provider of secure email, file transfer, and identity validation
solutions, today announced it has secured several significant
Federal contract wins in the first half of 2005, including awards
and renewals from such agencies as the U.S. Navy, the U.S.
Department of Energy (DOE), and the U.S. Department of the Interior
(DOI) as well as leading organizations within the Intelligence
Community. These awards reflect Tumbleweed's leadership as a secure
Internet communications solutions provider to major segments of the
Federal civilian, defense, and intelligence communities. Defense
and Intelligence Communities Rolling With Tumbleweed for
Enterprise-Wide PKI Validation and E-Mail Security Solutions In
June, the U.S. Space and Naval Warfare Systems (SPAWAR) Command
awarded Tumbleweed a follow on order for the Tumbleweed Validation
Authority(TM), the most widely deployed public key infrastructure
(PKI) validation solution in the US Department of Defense (DoD).
The procurement is part of a three year phased rollout of
Validation Authority to provide enterprise-wide digital certificate
validation throughout the entire fleet. Based on the open standard
Online Certificate Status Protocol (OCSP, RFC 2560), Validation
Authority verifies the status of digital certificates in real time,
ensuring that revoked credentials cannot be used for secure email,
smart card login, web access, wireless, VPN, or other electronic
transactions. In January, three of the Navy's largest shipyards
awarded Tumbleweed contracts for the procurement of Tumbleweed
MailGate Email Firewall(TM), Tumbleweed's award-winning,
comprehensive solution for inbound and outbound email security.
MailGate Email Firewall combines state-of-the-art encryption,
authentication, tracking and intelligent routing capabilities. The
shipyards, located in Norfolk, VA, Portsmouth, NH, and Bremerton,
WA, purchased software licenses for deployment to a minimum of
15,000 users overall. The U.S. Air Force continued to roll out
Tumbleweed Validation Authority for service-wide wide deployment to
more than 200,000 users. In June, the Defense Information Systems
Agency (DISA) completed the initial procurement of Validation
Authority for deployment to more than 1.3 million DoD users
worldwide. Tumbleweed also received contract awards recently from a
major Intelligence Community organization for the procurement of
Validation Authority. The Validation Authority award will represent
the first agency-wide deployment of the solution within the
Intelligence sector, and together with existing rollouts underway
indicate this agency's growing preference for Tumbleweed's PKI
validation technology. This award expands on earlier success within
the Intelligence community where the MailGate Email Firewall was
previously licensed. Federal Civilian Agencies Turning to
Tumbleweed for File Transfer Security and PKI Validation Solutions
In May, the United States Patent and Trademark Office (USPTO)
completed the deployment of Tumbleweed SecureTransport(TM) to
enable the secure enterprise-wide exchange of valuable and
sensitive patent information over the Internet. The agency deployed
the solution in recognition of the dangers involved with running
the data to tape and shipping it to headquarters by truck, as
demonstrated recently with major financial corporations losing
computer tapes while in transit. Facing similar concerns, the DOI's
National Business Center and the U.S. Department of the Treasury's
(Treasury's) Bureau of Public Debt recently awarded contracts to
Tumbleweed for the procurement of SecureTransport. Among other
purposes, these agencies plan to use SecureTransport for secure
file interaction with Pay.Gov, a government-wide transaction portal
sponsored by Treasury's Financial Management Service (FMS). Pay.Gov
offers a suite of on-line electronic financial services that
Federal agencies can use to meet their responsibilities toward the
public. "The results to date for 2005 reflect Tumbleweed's
continued commitment to technical innovation and outstanding
customer service in the Federal market," said Ann Smith,
Tumbleweed's Vice President, Federal Sales. "We are continuing to
deepen relationships in our existing customer base while executing
on our goal of expanding penetration into new customer areas. Going
forward, we plan to leverage our track record of success across all
segments of the Federal market and strengthen our leadership
position in delivering secure communications solutions that protect
government communications infrastructure from existing threats and
emerging vulnerabilities." About Tumbleweed Tumbleweed provides
security solutions for email protection, file transfers, and
identity validation that allow organizations to safely conduct
business over the Internet. Tumbleweed offers these solutions in
three comprehensive product suites: MailGate, SecureTransport, and
Validation Authority. MailGate provides protection against spam,
viruses, and attacks, and enables policy-based message filtering,
encryption, and routing. SecureTransport enables business to safely
exchange large files and transactions without proprietary software.
Validation Authority is the world-leading solution for determining
the validity of digital certificates. Tumbleweed's enterprise and
government customers include ABN Amro, Bank of America Securities,
Catholic Healthcare West, JP Morgan Chase & Co., The Regence
Group (Blue Cross/Blue Shield), St. Luke's Episcopal Healthcare
System, the U.S. Food and Drug Administration, the U.S. Department
of Defense, and all four branches of the U.S. Armed Forces.
Tumbleweed was founded in 1993 and is headquartered in Redwood
City, Calif. For additional information about Tumbleweed go to
www.tumbleweed.com or call 650-216-2000. SAFE HARBOR STATEMENT
Tumbleweed cautions that forward-looking statements contained in
this press release are based on plans and expectations as of the
date of the press release, and that a number of factors could cause
the actual results to differ materially from the guidance given at
this time. These factors are described in the Safe Harbor statement
below. Except for the historical information contained herein, the
matters discussed in this press release may constitute
forward-looking statements that involve risks and uncertainties
that could cause actual results to differ materially from those
projected, particularly with respect to Tumbleweed products and
Tumbleweed's Federal Government business. In some cases,
forward-looking statements can be identified by terminology such as
"may," "will," "should," "potential," "continue," "expects,"
"anticipates," "intends," "plans," "believes," "estimates," and
similar expressions. For further cautions about the risks of
investing in Tumbleweed, we refer you to the documents Tumbleweed
files from time to time with the Securities and Exchange
Commission, particularly Tumbleweed's Form 10-K filed March 16,
2005 and Form 10-Q filed May 10, 2005. Tumbleweed assumes no
obligation to update information contained in this press release,
which represents the Company's expectations only as of the date of
this release and should not be viewed as a statement about the
Company's expectations after such date. Although this release may
remain available on the Company's website or elsewhere, its
continued availability does not indicate that the Company is
reaffirming or confirming any of the information contained herein.
Tumbleweed Communications Corp (MM) (NASDAQ:TMWD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tumbleweed Communications Corp (MM) (NASDAQ:TMWD)
Historical Stock Chart
From Jul 2023 to Jul 2024