SAFETY HARBOR, Fla., Aug. 25, 2004 (PRIMEZONE) -- OnScreen Technologies, Inc. (OTCBB:ONSC), a leader in the design of next generation Light Emitting Diode (LED) Displays and delivery systems, teams up with Viasys, a leading provider of infrastructure development and maintenance services for the transportation and power utility industries, and announced today the signing of a value added reseller agreement. Under the agreement, Viasys will begin offering OnScreen's advanced portable and fixed LED Variable Message Signs to its customers. The combined solution is designed to easily and cost effectively help municipalities, counties and Departments of Transportation overcome some of the costly challenges of deploying VMS signs that exist today.
According to Viasys, the federal government through the Department of Transportation, the Federal Highway Administration, the Federal Transit Administration and the Department of Homeland Security, has made transportation safety infrastructures a top priority by allotting more than $23.5 billion dollars towards the development and installation of intelligent transportation and security systems. Viasys, which installs and maintains the latest in traffic control, safety systems, and wireless communications solutions for every level of local, state and federal government, has played an important role in the implementation of many of the country's most visible and celebrated ITS installations.
"ITS deployments can save time, lives and money, as well as maximizing existing highway infrastructure at a time when most states road building budgets are strained," said Viasys Director of Business Development Dan Himes. "The addition of OnScreen(tm) display solutions to our portfolio will enable us to offer a more cost efficient method to deploy ITS solutions together with significant operating and maintenance savings. We anticipate integrating OnScreen's(tm) fixed and portable VMS solutions into future ITS projects with the support of our alliance partners, industry consultants and our VAR network Nationwide."
Himes added, "We believe that combining wireless communication with portable variable message signs can provide great benefits for public safety in emergency situations such as we have just seen in the aftermath of Hurricane Charley. OnScreen's (tm) portable signs could provide vital information to both the victims and the first responders immediately after the incident."
Steve Velte, President of OnScreen(tm) Technology's Products Division, added, "Viasys has effectively assembled a consortium of leading technology providers to offer innovative solutions to the Homeland Security and Intelligent Transportation System markets. We are excited to also be partnered with Viasys in these key areas. I am confident that together with Viasys and the consortium of technology providers they have assembled we will make significant strides in the marketplace, ultimately contributing to the nations overall Public Safety and Homeland Security."
About OnScreen Technologies, Inc.
OnScreen Technologies, Inc. is developing next generation LED video displays utilizing revolutionary patent pending architectures. Our OnScreen(TM) Technology based LED video displays are specially designed to provide display solutions for the Department of Transportation, Homeland Security, Law Enforcement, Emergency Responders and Outdoor Advertising. The OnScreen(TM) Technology architecture enables the production of LED display signs that are lighter and provide a significant reduction in wind loading. These benefits yield signs that are less expensive to install and support which in turn is expected create new market opportunities for LED signs. One example of these new markets is the company's RediAlert and RediAd product lines. This new line of LED signs provides the worlds first truly portable LED signs for Emergency Response and Outdoor Advertising. Powered and transported by any vehicle this product line gives highly visible emergency information or advertising messages in less than five minutes of set up time.
About OnScreen Technology(TM)
The OnScreen(TM) architecture is a patent pending LED display architecture that is expected to provide key design improvements in cost, weight and brightness compared to current LED displays. Applications for OnScreen(TM) technology include but are not limited to, compact portable signage, Variable Message Signage, LED billboards and large outdoor venue video screens.
About Viasys
Viasys (www.viasyscorp.com) is a leading provider of infrastructure development and maintenance services for the transportation and power utility industries. For half a century, the companies that make up Viasys have been providing unparalleled service to 18 state departments of transportation, numerous cities and counties as well as private utilities. With over 1000 full-time employees, Viasys provides the design, installation and systems integration for MeshNetworks' wireless products, as well as the infrastructure backbone necessary to support it.
Cautionary Warning Regarding Forward Looking Statements
The foregoing press release contains "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, laboratory data, collected human experience, expert opinion, traditional medical practices, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in our forward-looking statements. Additional factors that could materially affect our forward-looking statements include, among other things, general economic and business conditions; the future results of projected contracts being executed; changes in the market place through zoning and government regulations involving LED (led emitting diodes); the success of our brand awareness campaign; our ability to raise additional capital through the offering of equity securities; competition; our ability to build strategic relationships with major manufacturers and/or retail customers; required accounting changes; the protection of our intellectual property rights; ensuring the commercialization of our products does not infringe upon the intellectual property rights of others; other factors over which the Company has little or no control.
OnScreen Technologies, Inc. is a featured Company on www.HomelandDefenseStocks.com