Applied Signal Selects OpenPages SOX Express for Sarbanes-Oxley Compliance

June 6, 2005

Waltham, Mass. - June 6, 2005 - OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that Applied Signal Technology (NASDAQ: APSG) has selected OpenPages Sarbanes-Oxley Express (SOX Express) for its Sarbanes-Oxley compliance initiatives. Applied Signal Technology will deploy SOX Express to automate the company’s ongoing test and review of its internal controls documentation in order to reduce the time and resource costs associated with Section 404 and 302 compliance.

Applied Signal Technology designs, develops, and manufactures signal processing equipment to collect and process a wide range of telecommunications signals for reconnaissance, certain industrial applications, and defense communications systems. Since its inception in January 1984, the company has focused its efforts on signal processing equipment, but also provides specialized collection equipment, as well as complete signal processing systems.

“Through its large customer base, OpenPages has developed strong domain expertise in the areas of governance, risk and compliance,” said Dennis LaTorre, controller at Applied Signal Technology. “We felt that OpenPages demonstrated a clear vision, backed by a strong product and a commitment to customer satisfaction.”

OpenPages SOX Express is an enterprise compliance management solution that reduces the time and resource costs associated with ongoing compliance for Sections 302 and 404 of the Sarbanes-Oxley Act. SOX Express combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organization to document financial controls and automate the ongoing test and review process. Completely web-based, SOX Express maximizes end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and to attest to the financial statements.

About OpenPages

OpenPages® is the leading provider of enterprise risk management solutions that optimize business performance. OpenPages empowers the world’s largest companies by unifying governance, risk and compliance across the enterprise and by incorporating risk management into day-to-day business processes. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Japan and the United Kingdom, and regional offices throughout North America.

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