SEATTLE, March 21, 2006 (PRIMEZONE) -- TechAlt, Inc. ("TechAlt") (OTCBB:TCLT) announced today that its operating subsidiary, TechAlt Securities Technologies, Inc. and GPSFlight, Inc. ("GPSFlight"), signed a letter of intent to co-develop and jointly sell communication and tracking technologies in the homeland security market.
Under the proposed agreement, GPSFlight's technology will be included and integrated with the TechAlt homeland security platforms, which TechAlt expects to begin selling during the first half of 2006. TechAlt anticipates that the combination of location information from GPS receivers, coupled with multiple wireless and mesh network transmission mediums, will provide customers in the physical security and public safety markets with access to a significant amount of critical information. TechAlt and GPSFlight envision that their customers within the government and private security markets will be able to simultaneously track hundreds of vehicles, resources and personnel. The technology base has the potential to relay tracking information both across dozens of miles as well as within buildings and structures -- all with little to no prior installation or infrastructure and without carrier fees.
Federico Pacquing, President of TechAlt Security Technologies, Inc., explained, "We expect that GPSFlight's technology will provide a cost-effective solution that public safety end users will find valuable to their integrated communications challenges. We anticipate that the ability to both track assets and to securely communicate their location in real time to multiple parties will have several practical applications in the homeland security market. These communication and location-based features are yet further examples of tools that TechAlt plans to incorporate with the technologies of our system integrator and channel partners to enhance services provided to end customers."
Tom Gonser, GPSFlight's founder, elaborated, "TechAlt's wireless and communication products and technologies complement the location-based solutions that can be provided with GPSFlight products. Already several of our customers and prospects have expressed an interest in the ability to leverage mesh networking and other communication technologies to expand and enhance our GPS networks."
The companies expect to be introducing products to the homeland security market from this joint partnership in the second quarter of 2006 and immediately pursing revenue opportunities.
About TechAlt
TechAlt, Inc. seeks to become the market leader in bringing safety and security solutions to the homeland security market through innovative 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 GPSFlight, Inc.
Bellevue, Washington-based GPSFlight, Inc. develops intelligent, small-sized GPS-integrated telemetry transmitters featuring highly sensitive, long-range spread spectrum wireless data links. The company has developed proprietary data storage and transmission technology that permits real-time tracking and analysis of multiple objects using a single receiver and PC. This flexible platform is ideal for vehicle and personnel tracking, telemetry and control in commercial, government, or military applications where cellular-based solutions are ineffective or cost-prohibitive.
GPSFlight systems have been used successfully to track moving objects at line of sight distances in excess of 50 miles. The company's software features simultaneous real-time tracking of hundreds of units, and includes query 'drilldown' detail for any one unit. GPSFlight sells pre-configured and customized solutions for GPS-based telemetry and tracking to both commercial and recreational users, and is focused on providing a combination of flexibility, high performance, small size and low-cost solutions. For more information, visit: www.gpsflight.com.
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This press release may contain "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, 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 any 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 these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our ability to pay down existing debt; (2) our limited operating history; (3) our ability to retain the professional advisors necessary to guide us through our corporate restructuring; (4) unforeseen costs, expenses and the legal risks of collaboration between independent entities in the co-development of a product line; (5) potential litigation with our shareholders, creditors and/or former or current investors; (6) the Company's ability to comply with federal, state and local government regulations; and (7) other factors over which we have little or no control.