InferX Corporation Awarded $1.2M in Contracts by US Navy

STERLING, Va., Feb. 1, 2011 /PRNewswire/ -- InferX Corporation (Pink Sheets: NFRX), announced today that it has been awarded task orders under US Navy Seaport-e and Enterprise Business Systems Support contracts with total value of approximately $1.2 million to provide advanced analytics support and analysis of US Navy financial and business data.

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"Through the application of Advanced Analytics technology, InferX has provided us the ability to conduct financial analysis and budget scenario development on large financial data sets thus giving the Navy leadership the ability to conduct enhanced financial planning that we have not been able to accomplish in the past," said the Navy client.

The main focus of these projects is to provide Department of Navy Financial managers with additional insights gained through enhanced analytical capabilities that can potentially lead to increased cost savings through new methodologies for budget planning and execution processes and procedures. The InferX solution provides US Navy and other Department of Defense agencies with the ability to rapidly conduct financial review analysis within a framework of multiple data sources without bringing all the data together thus turning the data into information, and process the information into knowledge so that the US Navy can make better business decisions.

Vijay Suri, President & CEO of InferX Corp, said "we have a successful history working with US Navy and DOD clients to improve their budgeting, corporate performance management and planning processes utilizing advanced analytics.  This new business will continue to solidify our market leadership in the federal advanced analytics market."

About InferX Corporation

InferX is the market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions. InferX has pioneered and commercialized a powerful, patented suite of advanced data analytical solutions that improve corporate performance across the enterprise in the healthcare, financial services, and government markets. InferX is uniquely capable of delivering secure, real-time, and privacy preserving intelligence and decision support — all without the need to move data. InferX is headquartered in Sterling, VA.

Certain statements above, in press releases and NFRX officials oral statements are "Forward-Looking Statements" (FLS) according to the Private Securities Litigation Reform Act of 1995 (the "Act"). FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions.  Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors.  See InferX's 10-K for 12/31/09 for a discussion of those risks.  Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. NFRX has no specific intention to update these statements.

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SOURCE InferX Corporation