IRVINE, Calif., Jan. 25, 2006 (PRIMEZONE) -- "With security concerns around the globe omnipresent, technology as always, has risen to meet the need," stated SmallCap Sentinel analyst D.R. Clark. "Seaports, borders, airports, mass transit, military bases, event centers and a plethora of other areas where humans congregate will soon be under increasingly sophisticated video surveillance thanks to new dynamic technology."
"What has happened, what always happens, is that American ingenuity and capitalism rise to the occasion as a profit-driven panacea to battle our enemies," added Clark. "The source of the need for Homeland Defense technology may indeed be anti-American, but the remedy most certainly isn't," said Clark.
"Just this past Monday, Technest Holdings, Inc. (OTCBB:TCNH) announced that its wholly owned subsidiary Genex Technologies, Inc. was awarded a Phase 2 SBIR to provide additional engineering development and prototype manufacturing work on an innovative wireless perimeter video surveillance sensor with military and security applications," said Clark. "The Unmanned Ground Sensor (UGS) is a small, wireless video sensor that can act as a force multiplier by extending the eyes of the soldier for use in urban combat environments or alternatively can be used to monitor vast unprotected expanses such the borders of the United States."
"Earlier this month IPIX Corp. (Nasdaq:IPIX) launched a three-megapixel version of its successful 360-degree CommandView(r), which promises to increase precision and help government and commercial enterprises monitor a wider area with a single camera," said Clark.
A detailed informational report regarding Technest is available here: http://www.stockupticks.com/profiles/1-19-06.html
An informational report titled "Homeland Defense and the Market" is available at www.SmallCapSentinel.com. The report details the rise of Homeland Defense as a growth industry and discusses a variety of homeland defense related companies such as those mentioned above as well as Isonics Corp. (Nasdaq:ISON), and RAE Systems Inc. (AMEX:RAE).
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Statements made herein contain forward-looking statements and are subject to significant risks and uncertainties that will affect results. SmallCapSentinel and StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect any proposed actions and cannot project capabilities, intent, resources, or experience. All information contained herein is based upon sources believed to be reliable but no representation is made as to accuracy or completeness. This report is neither a solicitation to buy or offer to sell securities but is rather a paid advertisement provided for information purposes only and shouldn't be used as the basis for investment decisions. MP is not an investment advisor and this report is not investment advice. MP was paid $24,000 by Technest Holdings for this profile and other advertising services over a ninety-day period. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject companies.