Mentioned:
The Department of Justice is building a technology platform for reviewing digital evidence. And now, they’re bringing in a publicly traded company to help build and support it.
What’s happening:
- Rank One Computing (NASDAQ: ROC) has a won a new contract from the United States Department of Justice for up to $64.3M USD
Why it matters:
- This is the single largest government contract by total potential value that Rank One Computing has ever won
Going deeper:
- Rank One Computing will build and support the Digital Evidence Review Platform for federal prosecutions as part of the new contract
- The United States Department of Justice has committed roughly $7M USD for the first year of their deal with Rank One Computing and has optional one-year extensions over the next seven years
The intrigue:
- Rank One Computing’s biometric technology is currently used by multiple government agencies including the United States Navy
