RIDGEFIELD, Conn., Sept. 21, 2004 (PRIMEZONE) -- Markland Technologies, Inc. (OTCBB:MRKL) (http://www.marklandtech.com), an integrated homeland security company, announced today that the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD) has awarded EOIR Technologies Inc., a wholly owned subsidiary of Markland, contracts totaling an amount of over $12 Million for July and August the first two months of the company's fiscal year. These contracts are part of an ongoing NVESD Omnibus Contract. These funding awards are for EOIR to provide goods and services for the development of sensors and data collection platforms, and are awarded at the end of each month by NVESD.
The goods and services to be provided by EOIR personnel are as follows:
-- Develop, manufacture and test airborne surveillance sensor suites.
-- Assist in the construction of prototype sensors, data collection devices and surrogate vehicles.
-- Provide technical support for the integration of prototype multi-sensor suites.
-- Provide spare parts, new equipment or repairs as required to support fabrication of prototype sensors and collection platforms.
-- Design and fabricate test fixtures, mechanical subassemblies and complete systems as required for certain integration tasks.
Markland CEO/Chairman Robert Tarini stated, "The NVESD contract has an Option Year Three (2004) contract ceiling funding amount of approximately $85M. Having captured $12M in contract funding in the first two fiscal months of 'FY05 on this contract demonstrates that EOIR Technologies is a valued US Army NVESD contractor and exemplifies the continued close working relationship EOIR has with the U.S. Army customer. We continue to be proud of our efforts to support our soldiers in the field with the best sensor technology available.''
About Markland Technologies
Markland Technologies, Inc. is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders and our infrastructure assets. The Company is a Board member of the Homeland Security Industries Association (http://www.hsianet.org).
"Forward-Looking Statements''
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Markland Technologies officials during presentations about Markland Technologies, are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act''). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects,'' "anticipates,'' "intends,'' "plans,'' "believes,'' "estimates,'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: difficulties integrating our acquisition of EOIR, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission.
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