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Markland Subsidiary, Genex Technologies, Provides Video Surveillance Multi-Sensor Systems to United States Navy Distributed Wide Aperture Video Sensors to be Deployed on Unmanned Surface Vehicles BOSTON, Sept. 15, 2005 (PRIMEZONE) -- Markland Technologies, Inc. (OTCBB:MRKL) and Technest Holdings, Inc. (OTCBB:TCNH), defense and homeland security companies transforming advanced laboratory technology into real-world products, announced today that Genex Technologies Inc. (www.genextech.com) is providing OmniEye(tm) Cerberus distributed aperture 360 degree video surveillance systems to the Naval Underwater Warfare Center (NUWC) in Newport, Rhode Island in support of its SPARTAN ACTP (Advanced Technology Program).
Cerberus is a first of its kind distributed, multi-sensor system for remote situational awareness and surveillance. The unique miniature processing architecture of Cerberus enables sensors to be deployed in a distributed fashion, literally wherever the user wishes to place them. The capabilities of Cerberus include:
-- Distributed sensors and processing -- Salt-waterproof enclosures -- Low-light day/night sensors -- Up to 360 degree coverage -- Image stabilization
OmniEye(tm) Cerberus(tm) is a reconfigurable multi-sensor system that is designed for long distance infrared and visible detection. Recent trends in mounted cameras for manned and unmanned vehicles have created the need for a distributed multi-sensor capability. The Cerberus delivers this flexibility while still maintaining seamless panoramic coverage up to 360-degrees.
The unique architecture of the OmniEye(tm) Cerberus also allows it to be stackable, for multiple layers of sensors with different strengths. Combine infrared, near-infrared, image intensified, MWIR, SWIR, and visible sensors to achieve unparalleled fused vision and motion detection to provide improved night vision in 360-degrees.
OmniEye(tm) Cerberus is designed for rugged field and maritime/naval operations, with full salt-water resistant/watertight and pressure-resistant enclosures.
Now land vehicles, naval surface ships, and permanent ground and sea buoy installations have a new weapon to provide intrusion detection, enemy combatant recognition, and surveillance.
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland 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. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on *********************.com; additional details can be viewed at http://www.*********************.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
About Technest Holdings, Inc.
Technest Holdings, Inc. (OTCBB:TCNH) is a provider of 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.
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this press release as well as some statements in periodic press releases and some oral statements of Markland Technologies officers and directors during presentations about Markland Technologies, 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, 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: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; 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 Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission. http://www.sec.gov/
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
posted
ya dilluted or constant selling or whatever.... I got out after losing from 6.6c and 7c down to .059
constant selling and big dollars too... and it's one of those over shorted stocks I hear... sheesh... why can't they jail these people already!
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they say on raging bull that if you actually looked back at the history, every day that they put out a good PR, the stock actually closes down that day.... just look at a couple days ago... check 5 day chart vs. news.... I agree it "looks" like the bottom but it probably isn't.
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they say on raging bull that if you actually looked back at the history, every day that they put out a good PR, the stock actually closes down that day.... just look at a couple days ago... check 5 day chart vs. news.... I agree it "looks" like the bottom but it probably isn't.
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If it is overshorted, then there could be a good pop one day when they all decide to cover. Until then, I guess I'll just hold my meager position in this company
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