BOSTON, June 6, 2006 (PRIMEZONE) -- Technest Holdings, Inc. (OTCBB:TCNH), www.technestholdings.com, a defense and homeland security company, announced today a series of products, some in current use and some in late development stages -- addressing the evolving market opportunities in the U.S. Department of Homeland Security's proposed Secure Border Initiative (SBI).
Technest already provides technologies to the Departments of Defense and Homeland Security, U.S. Intelligence Agencies and the National Institutes of Health that can be immediately applied to the SBI. Among these are:
-- The Cerberus System -- a re-configurable multi-sensor,
high-resolution system designed for long-distance infrared and
visible light detection as well as motion detection, which also
maintains seamless panoramic coverage of 360 degrees, among other
benefits.
-- STUDS -- Small Tactical Ubiquitous Detection Sensors that are
state-of-the-art, miniature, disposable, low-cost motion-tracking,
positioning and imaging sensors that permit long-range surveillance
at high resolution. The system also includes rapidly deployable
wireless networking and GIS mapping for integration with legacy
sensors, among other advantages.
Technest is also developing other relevant products, including:
-- AACES - Automated, Adaptive Chemical Examination System -- which
not only detects but also identifies chemicals at standoff ranges
of several kilometers and can do so passively, at a distance safe
from danger to the user. The system can also transmit data
wirelessly to a PDA, allowing the user to be at even greater
standoff ranges.
-- ACADA -- Automatic Chemical Agent Detection and Alarm -- a
man-portable point detection system used to detect all classic
nerve and blister agents as well as other chemical warfare agent
vapors. The system is easily upgradeable for new agents. Designed
and patented by the U.S. Navy, it can operate in a shipboard
environment and detect agents at low concentrations in real time.
It also has visible and audible alarms.
-- WASS -- The Wide Area Surveillance System -- a multi-sensor
targeting system with real-time imaging, situational awareness
displays and a 360-degree gimbal scan. Still in development, this
product shows excellent potential for solving force protection,
site monitoring and border-security problems.
Dr. Joe Mackin, CEO of Technest Holdings, stated, "The much-publicized SBI program recently announced by the U.S. Government provides an exciting opportunity for Technest to demonstrate the broad applications of its advanced technology products, services and solutions. Our award winning solutions and products have established Technest Holdings as an industry leader in the fields of defense force protection, remote sensing technologies, chemical detection and a host of other emerging security technology applications. We believe our growing portfolio of state-of-the-art products can also play an instrumental role in patrolling our borders."
About Technest Holdings, Inc.
Technest Holdings, Inc. is a provider of: advanced remote sensor systems, chemical detectors, intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest 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. For more information, please visit the company's website at www.technestholdings.com.
Investors are cautioned that certain statements contained in this press release 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, applicability, benefit and use of our product 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: the functionality of our product; 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 Technest Holdings, its products, economic and market factors and the industries in which Technest Holdings does business, among other things. These statements are not guarantees of future performance and Technest Holdings has no specific intention to update these statements. More detailed information about those factors is contained in Technest Holdings' filings with the Securities and Exchange Commission, www.sec.gov.
Technest Holdings, Inc. is a featured company on www.HomelandDefenseStocks.com, a service for which Technest Holdings compensates the provider.
More information on Homeland Security issues, including news releases, events and experts available for comment, can be found on the Homeland Security Newsline at www.primezone.com/hs