(Logo: http://www.newscom.com/cgi-bin/prnh/20040429/RPTNLOGO)
"With this contract award, we plan to demonstrate the applicability of
'distributed core network architectures' to the Department of Defense," noted
Raptor Networks Technology Chairman and CEO
Safe Harbor Statement
Certain statements in this press release may be considered forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Some or all of the aspects anticipated by these forward-looking statements may not, in fact, occur. Factors that could cause or contribute to such differences include, but are not limited to, demand for Raptor Networks' products, the future market price of RPTN common stock and the Company's ability to finance its operations or to continue as a going concern.
Raptor recently converted to a licensing model in which it is attempting to generate value through the licensing of its intellectual property. This new model has allowed it to reduce costs of operation and conserve cash. There can be no assurance that this new model will generate sufficient revenues to support even its reduced SG & A expense. In the event that Raptor is unable to generate sufficient revenue, it may be forced to sell assets, cease operations or file a bankruptcy petition under the US Bankruptcy Code.
About Raptor Networks Technology, Inc.
Raptor Networks Technology, Inc. has developed the world's first "distributed fabric" network switching architectures, all open-standards based, that benefit networks that provide newer latency-sensitive services such as video, VOIP, high speed server and storage clustering and the like. This patented Distributed Network Switching Technology enables new network build outs and performance upgrades of traditional chassis-based installations in a highly cost effective manner. Management believes that the unique advantage Raptor provides is speed over distance: data transport at wire speed, in hardware, between spatially separated network elements. Enhanced network reliability, lower power consumption and reduced form factor combine to enable significant savings in both acquisition costs as well as operating expense. Raptor's network switching products engender the feature set and versatility to run the most advanced new data applications.
For additional information please see http://www.raptor-networks.com.
Contacts:
Raptor Networks Technology, Inc.
Tom Wittenschlaeger, CEO
678-596-7686
Bob Van Leyen, CFO
714-651-3120
SOURCE Raptor Networks Technology, Inc.