RIDGEFIELD, Conn., Jan. 5, 2005 (PRIMEZONE) -- Markland Technologies, Inc. (OTCBB:MRKL), a defense and homeland security company transforming advanced laboratory technology into real-world products, invites interested investors, industry, media and military to view a video release of the new mobile scout surveillance vehicle deploying the latest infrared and night-vision technologies to detect enemy force threats over wide areas of terrain.
This announcement was made by Robert Tarini, Chairman and CEO of Markland.
Video Links:
HomelandDefenseStocks.com link: http://www.investorideas.com/Companies/MarklandTech/CTAWAS-promo.wmv
Markland's wholly owned subsidiary EOIR Technologies Inc. is developing a specially integrated sensor platform to create the next-generation Advanced Wide Area Surveillance (AWAS) scout vehicle. The AWAS scout and surveillance vehicles are scheduled for delivery to the US Army in the first quarter of 2005. They are to be deployed in forward combat operations to provide force protection and intelligence gathering capabilities.
The Company's AWAS sensor platform is designed to provide military personnel on patrol assignments in dangerous operational theaters such as Iraq and Afghanistan with highly mobile, long-range technologies for surveillance and detection of insurgent force threats. The AWAS scout units will consist of a military Hummer vehicle equipped with a suite of sensor and detection technologies. The suite includes forward-looking infrared sensor, a high-resolution short wave infrared sensor and ground-target radar; the sensors are mounted on a gimbal-based system which has been modified to allow it to perform a wide-area scan. The scanned sensor data is then fed into an Automated Target Recognition software program, developed by Markland's EOIR Technologies Inc, for identifying and locating potential threats in real time.
The system is being developed in support of the Ground Systems Division of the U.S. Army's Night Vision Laboratory at Fort Belvoir, Virginia. The lab is part of the Night Vision and Electronic Sensors Directorate (NVESD), a leading military technology research and development entity. As systems integrator for the project, EOIR Technologies Inc. is responsible for software development, vehicle integration and data acquisition and processing functions. AWAS has been field tested at the United States Army's YUMA Field Test Site.
Further details on the AWAS project can be found on the company website page http://www.marklandtech.com/technology_portfolio/dod_force.html. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
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: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, 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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More information on Homeland Security issues, including news releases, events and experts available for comment, can be found on the Homeland Security Newsline at http://www.primezone.com/hs
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
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