Is there anyway to bypass the password on an Acomdata ext. hard drive?

Apple helpdesk reinstalled operating system on my Mac. When I plugged in the ext. hard drive (model PDHD1000LISE-72) that I had been using for 9 years it asked for a password which I no longer have. There is stuff on this hard drive that is vitally important.

Is there any way to gain access without the password?
 
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