SEATTLE, March 7, 2006 (PRIMEZONE) -- TechAlt, Inc., ("TechAlt") (OTCBB:TCLT) announced today that its operating subsidiary, TechAlt Securities Technologies, Inc. and Singlestep Technologies, Inc. ("Singlestep"), signed a letter of intent for the co-development and sale of innovative homeland security applications.
The Singlestep technology base will be modified and ported for inclusion on both the TechAlt physical security and the TechAlt communication platforms, which TechAlt expects to launch during the first half of the current fiscal year. For customers within the physical security, public safety and defense markets, Singlestep will enable a level of communications intelligence that it predicts will measurably surpass current capabilities in the industry. The technology driving this communications intelligence provides the potential to manage, prioritize and route audio communications, direct video streams from thousands of sources, and make correlations and decisions from millions of events from sensor data, biochemical readings, alarms, and access control systems. Furthermore, TechAlt and Singlestep envision that their co-development will result in products that can be tailored to the rules that are created and defined by the individuals who know the customer requirements the best -- the fire or police captain, the security director, or the officers in the field.
Under the proposed agreement, Singlestep, a developer of infrastructure technology ("IT") data integration and automation solutions, will license technology to TechAlt for use within the homeland security markets, including the public safety, transportation, defense, building systems and physical security markets. TechAlt, a provider of communication and security technologies, will work with Singlestep to develop and market enterprise solutions for TechAlt's future product lines.
"Our strategic plan as to the proposed endeavor arises from our analysis that the innovative products that Singlestep provides to significantly improve the efficiency of IT networks can easily be adapted for communication and security networks in the homeland security sector," explained Federico Pacquing, President of TechAlt Security Technologies. "We expect that the automation capabilities that Singlestep's Unity platform provides will have an important impact on how the homeland security markets do business. TechAlt believes that these solutions, which have been proven to work in the IT market, will also prove effective in enhancing the security of various of America's most sensitive infrastructures and servicing organizations."
Chris Noble, CEO of Singlestep, elaborated, "Our IT focused products and services help our customers and partners to better operate an IT infrastructure that rely on the integration of many different types of information from many different sources. Since the IT infrastructure problems faced by corporate IT departments are technologically similar to those faced by companies and agencies in the homeland security sector, we're excited to work with TechAlt as they lead the charge by bringing innovative technology solutions to this crucial market."
The companies expect to be introducing products to the homeland security market from this joint partnership in the second quarter of 2006.
About TechAlt
TechAlt, Inc. seeks to become the market leader in bringing safety and security solutions to the homeland security market through innovate alternative technology. TechAlt Security Technologies seeks to deploy mission critical technology that provides video, voice, and data in various homeland security-related markets. TechAlt Security Technologies targets the development and implementation of mission critical technology that provides video, voice, and data in various homeland security-related markets including, among other things, secure wireless communications toolset to be used by emergency first responders for interagency interoperability, communication and collaboration. The company's mission is to deliver a complete technology solution for a wide range of security solutions by developing, implementing and acquiring various technologies. Please visit our web site at http://www.techaltinc.com.
About Singlestep Technologies
Headquartered in Seattle, Washington, Singlestep Technologies provides an integration and data management platform that allows enterprise customers and partners to reduce the time and costs associated with bringing together information from existing network management investments. This information can then feed into a single application, repository, or CMDB. With experience integrating data from more than 30 event management systems, Singlestep's products and services can accelerate network integration projects, as well as other important initiatives involving the network infrastructure, without the need for removing any investments or tools.Singlestep, Singlestep Unity, or partner programs, visit: www.singlestep.com or email: info@singlestep.com.
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