Abraxas Corporation agrees to Acquire Edge Intelligence

Herndon, Va. September 23, 2008 - Abraxas Corporation announces it has entered into an agreement in principle to purchase Edge Intelligence of San Diego, California and the establishment of a West Coast Abraxas Corporation R&D office to be known as Edge Research and Development. Edge Intelligence founder Teddy Lindsey will become Vice President of Research and Development and Director of Edge Research and Development. Edge R&D will bring emerging software and hardware technologies in the form of disruptive cyber solutions.

Edge R&D will work across all Abraxas Corporation companies, supporting existing in house development programs at Aerodyne, Anonymizer, Applications, Engineering, Global Analytics and Corporate but will also work on Edge R&D unique initiatives. Those initiatives include expanding the development of Edge Intelligence products.

Since 2003, Mr. Lindsey has been one of the foremost Computer Scientists in the FBI. He is frequently consulted on national and international investigations and operations that involve technology matters or require innovative solutions to difficult problems. In 2004, he was the recipient of the FBI Director`s Award for Excellence. Prior to joining the FBI, he served as the Director of Research for the Microsoft/Qualcomm joint venture, Wireless Knowledge, Inc.

"Teddy is one of the most intellectually exciting and nicest people we have ever met," said CEO Richard Helms. "I introduced Teddy to most of our executive team over a 36 hour period and everyone came away as pumped up about where we`re going with him as I was. Our methodology is simple. We identify the best subject matter experts available and listen to them to understand customer needs then assemble equally talented software developers to solve customer problems. Teddy understands this methodology and shares the excitement we have had for nearly seven years."

Abraxas Corporation develops and implements unique technology solutions that address the global challenges faced by the national security community today and in the future. Abraxas employs nationally recognized experts and engineers to address those challenges and develop a suite of products across all technology domains to ensure delivery of the most advanced and comprehensive solutions.

For more information about Abraxas and its products and services, please contact media@abraxascorp.com

SOURCE: ABRAXAS CORPORATION

What is the ADEPT System?

The ADEPT System is a comprehensive system that focused on the workflow of intelligence analysis for digital evidence. Most conventional approaches involve many separate applications, utilities and scripts, all of which requiring complex integration or tedious manual labor on the part of an analyst.

Having dealt with the frustrations involved in trying to extract actionable intelligence out of raw digital evidence, an idea was born on how to apply cutting edge searching and linking technologies to streamline and simplify the entire analysis process. One of the key goals was to make the system approachable for a new user while maintaining power and flexibility for the advanced user. Another goal was to simplify or automate tedious, common tasks that slow the analyst down.

More information about the ADEPT System and how it works will appear here in the near future.