Proxity Digital Networks Announces Subsidiary Cyber Aerospace Contracts With U.S. Government Agency and the U.S. Navy
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> WEST PALM BEACH, Fla., June 15, 2004 (PRIMEZONE) -- Proxity Digital Networks, Inc. (PinkSheets:PDNW) and Techsphere Systems International, Inc. announces Cyber Aerospace Corp., an operating subsidiary of Proxity's On Alert Systems, has received two contracts for airship services; one from a U.S. Government agency, another from the U.S. Navy. Using the AeroSphere SA-60, Cyber Aerospace will provide the U.S. Government agency with testing and integration services for future airship uses. Test flights will take place at locations to be announced in the D.C. metropolitan area. The U.S. Navy will utilize the SA-60 for technology tests and evaluation the week of June 28. The tests will demonstrate the significant capabilities of the Cyber airship to monitor activities on the ground while flying altitudes in excess of 5,000 feet. The AeroSphere SA-60 is a low altitude airship manufactured by Techsphere Systems International, Inc. The SA-60 can be used for battlefield surveillance to monitor war zones and combat areas with multiple systems platforms. Cyber Aerospace holds the exclusive global government marketing rights to Techsphere's existing AeroSphere SA-60 and advanced airship designs. About Proxity Digital Networks Proxity Digital Networks, Inc. is a developmental holding company specializing in the deployment and marketing of security protection technology and government contract fulfillment. The Company seeks to acquire and develop security technology. Proxity plans to enter into teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for commercial, military and homeland defense. www.proxity.com About On Alert Systems On Alert Systems, Inc. is a wholly owned subsidiary of Proxity Digital Networks. On Alert plans to acquire the marketing rights to offensive and defensive security technologies supporting a full line of interoperable protection disciplines. By acquiring a homogeneous Suite of Security Products through teaming and licensed marketing and distribution agreements, the Company plans to introduce the new product line to multiple markets. Though exclusive global licenses, On Alert has also licensed a developing system that uses acoustical and ultrasonic means to sense and evaluate activity pertinent to law enforcement, security and defense industries. Their prospective clients all share the need for enhanced security, mobile communication platforms and increased surveillance capabilities. www.proxygen.com/36/Editorial.asp?aff_id=36&this_cat=Company About Cyber Aerospace Corp. Cyber Aerospace Corp. is assembling a team of military experts, aerospace and composite engineers to design and build a new generation of airships. Cyber Aerospace plans to market the airships as multi-use platform vehicles deployed in surveillance and communication operations, and capable of target acquisition. Cyber Aerospace will provide engineering support and systems integration for the airships. Proxity's subsidiaries will market the airships to various branches of the U.S. government and our allies. www.cyberaerospace.com About Techsphere Systems International, Inc. Techsphere Systems International, Inc. is a manufacturer of low, mid and high altitude airships. Working in concert 21st Century Air Ships of Canada, the Company will build unique airship designs. The airship design currently holds the world altitude record and ranges in price from $5 million for low altitude airships to $32 million for platforms that will be stationed at 65,000 feet. www.techspheresystems.com This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control and those actual results may differ materially from those projected in the forward-looking statements as a result of various factors. 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 CONTACT: Proxity Digital Networks, Inc. Billy Robinson (504) 524-5425 (504) 524-5424, Fax www.proxity.com On Alert Systems Inc., Tulsa (918) 493-2069 (918) 493-6234, Fax www.proxygen.com/36/Editorial.asp?aff_id=36&this_cat=Company Cyber Aerospace Corp., West Palm Beach (561) 624-2918 (561) 694-0712, Fax www.cyberaerospace.com Techsphere Systems International, LLC Mike Lawson (404) 446-2200 mlawson@techspheresystems.com Media Contact: Emerson Gerard Associates Jerry Jennings (561) 881-7318 (603) 806-8508, Fax mediareply@egaplus.com
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Techsphere Systems International Announces High-Flying Venture with Sierra Nevada Corporation
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Business Editors COLUMBUS--(BUSINESS WIRE)--inserting ticker symbol-- Defense Electronics Engineering Firm Secures Exclusive Integration Rights Techsphere Systems International (TSI), a Georgia-based manufacturer of low-, mid- and high-altitude spherical airships using technology developed by 21st Century Airships, today announced that the company has entered an agreement with Sierra Nevada Corporation (SNC), giving them the exclusive integration contract for government end users of the company's airships. "This is an incredible development for Techsphere. One that will allow us to achieve our goal of flying unmanned, high-altitude airships within a year," said Techsphere President Mike Lawson. "This agreement brings together the resources and technology of both companies and promises to be successful for everyone involved." Sierra Nevada will work with Techsphere to develop technology that will enable the airships to carry a variety of payloads for government end users. Founded in 1963, the company develops and manufactures innovative, high-quality electronic systems with numerous technical applications. "This agreement will afford our company the opportunity to integrate many of the technologies we have developed onto a product that will change the way we look at surveillance, communications and information gathering," said Fatih Ozmen, CEO and President of the Sierra Nevada Corporation. "A top-notch team has been put together to build these airships and we are excited to be a part of it." Immediate market opportunities for the airships are in homeland security, defense and telecommunications. As a homeland security or defense tool, the ships can be equipped to perform high-level research, superior visual surveillance, and secure communications. In telecommunications, they provide a viable alternative to cell towers and satellites. The airships can be launched inexpensively and from virtually any location. In addition, they can be returned to land so that payloads can be recovered and exchanged - allowing for technological updates or equipment replacement. TSI airships are unique in that they are spherical in shape - making it easier to reach much greater altitudes than traditional "cigar" shaped ships. Different models will be able to fly in both manned and unmanned mode, and can be continually retrofitted to accommodate new applications or technology. Low- and mid-altitude ships reach altitudes between 7,000 and 30,000 feet, and can hover for 48 to 72 hours. The higher altitude airships will reach altitudes between 60,000 and 70,000 feet, placing them above commercial air traffic and weather systems, where they will be able to hover from 30 days up to one year. Techsphere Systems International's global manufacturing headquarters are located in Columbus, Georgia, and the company is currently working with research and development partners toward high altitude applications. Techsphere's global marketing partner is Cyber Aerospace Corp., a subsidiary of Proxity Digital Networks (Pink Sheets: PDNW). A manned flight demonstration is being planned for later this month, with an unmanned flight expected later this year. Additional information about the companies can be found at: Sierra Nevada Corporation www.sncorp.com Techsphere Systems International,Inc. www.techspheresystems.com Proxity Digital Networks www.proxity.com 21st Century Airships www.21stcenturyairships.com KEYWORD: GEORGIA INDUSTRY KEYWORD: AEROSPACE/DEFENSE GOVERNMENT AEROSPACE/DEFENSE MARKETING AGREEMENTS SOURCE: Techsphere Systems International CONTACT INFORMATION: Techsphere Systems International, Columbus Joselyn Baker, 404/898-1266
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