Cyber Defense Systems, Inc. Announces a Dividend in the Shares of Its Wholly Owned Subsidiary, Techsphere Systems International, Inc. Cyber Defense Systems, Inc. (OTCBB: CYDF), a designer, developer, and manufacturer of next generation unmanned aerial systems (UAS), and its wholly owned subsidiary Techsphere Systems International, Inc. (TSI), a designer, developer and manufacturer of manned and unmanned airships, announced the declaration of a dividend to be paid in all of the shares of its wholly owned subsidiary, Techsphere Systems International, Inc.
The record date is estimated to be September 16, 2007, based upon ten-days' notice to NASDAQ. NASDAQ will set the ex-dividend date at the time it is notified. Cyber Defense is prepared to pay the dividend by distribution of the Techsphere shares. The record date only applies to Cyber Defense stock registered with the company's transfer agent. Stock in street name which is purchased in the open market will be eligible to receive the dividend up to the ex-dividend date.
Cyber Defense expects to distribute an estimated one Techsphere share for every four Cyber Defense shares issued and outstanding on the record date. The exact number of shares to be distributed will be determined on the record date. Techsphere is expected to have approximately 25 million shares issued and outstanding following the payment of the dividend.
Techsphere intends to file a registration statement with the U.S. Securities and Exchange Commission to cover the payment of the dividend. The effective date of the registration statement and the subsequent payment date of the dividend cannot be estimated at this time. William Robinson, Cyber Defense's Chief Executive Officer, stated, "We believe that both Cyber Defense and Techsphere will have better opportunities to maximize their business models by moving forward as separate enterprises, each with its own management team. In this way, we expect stockholder values to maximize as well."
Cyber Defense Receives Order From Air Force Academy Cyber Defense Systems, Inc. (OTCBB: CYDF) Proxity, Inc. (PINKSHEETS: PRXT), a designer and developer of next-generation unmanned aerial vehicles (UAVs), announced today it received an order from the United States Air Force Academy for its new generation CyberBug B and subsequent training of an academy operator. The first project is to build a situational awareness capability to aid an air base commander in responding to emergencies. The plan is to be able to launch a small UAV with an on-board video camera that would orbit over the area of interest and feed back both the video stream as well as location and orientation telemetry. The software in development would then process this information for display on command center computers.
Previous sales to the Naval Post Graduate School and this recent sale to the Air Force Academy confirms the future opportunities for the integration of small tactical UAVs into our military forces. Initiating training at the academy level teaches familiarity with the system as our country's military officers deploy into future conflicts. "We are excited about the CyberBugs future as a value-added solution for our country and our Allies," said Billy Robinson CEO.
posted
I don't know who the lucky buyers are that got this one at .015 so close to the ex-div date. I wish I had cash freed up a week ago so I could have bought more shares, but I am definitely in this.
IP: Logged |
Text Size: A A ACyber Defense Subsidiary Techsphere Systems to Build New "BULLET" Airship Technology for Mid Altitudes; New Prototype Test Flight Successful 8:00 AM EDT September 28, 2007 ATLANTA, GA and COLUMBUS, GA -- (MARKET WIRE) -- 09/28/07 -- Cyber Defense Systems, Inc. (OTCBB: CYDF), a designer and developer of next generation unmanned aerial vehicles (UAVs), and its wholly owned subsidiary Techsphere Systems International, Inc. (TSI), a designer, developer and manufacturer of manned and unmanned airships, announced today that it will build two new Mid Altitude "BULLET" Airships.
Under the exclusive global technology license with 21st Century Airships, Techsphere will begin manufacturing two "BULLET" airships designed for altitudes of 20,000 and 40,000 feet capability with a minimum of 48 hours flight duration with estimated speeds up to 60 knots with a manned or unmanned configuration. Recent wind tunnel tests by 21st Century confirmed the design and speed estimates.
The initial test flights were exceptional utilizing a fly by wire thrust vectoring capability. "Just imagine being able to fly straight up and down, turn on its axis, and fly sideways with an easy touch of a joystick," stated Hokan Colting of 21st Century.
The airship tested is approximately 120 feet long, cylinder shaped with two distinct pointed end caps with four engines mounted port and starboard in the fore and aft positions on the cylinder structure.
Techsphere will be utilizing the majority of the patented technologies from the spherical technology with the new "BULLET" version for Mid Altitudes. "The SA-60 spherical airships will continue to be our bread and butter for the 0 to 10,000 feet altitude capability. We are addressing the higher winds between 10,000 feet to 40,000 feet altitudes with a new shape for drag reduction, longer duration of flight, higher speeds with the maneuverability characteristics of the 'Sphere' technology," stated Mike Lawson, CEO of Techsphere.
The "BULLET" test flights will continue later this year with the second prototype near completion.
About 21st Century Airships, Inc.
21st Century Airships Inc., located in Newmarket, Ontario, Canada is a Research and Development company for lighter-than-air crafts. Founded in 1988, its objective is to improve traditional airship technology and develop modern airships for various applications. The company's R&D activities have resulted in a considerable number of significant inventions and patents. http://www.21stcenturyairships.com
ABOUT CYBER DEFENSE SYSTEMS
Cyber Defense Systems, Inc. is designing and building a new generation of UAVs. Cyber Defense is currently marketing the airships and their CyberBug(TM) UAVs to various branches of the U.S. government and U.S. allies as multi-use platform vehicles capable of deployment in surveillance and communication operations. Cyber Defense Systems, Inc. http://www.cduav.com (OTCBB: CYDF)
ABOUT TECHSPHERE SYSTEMS INTERNATIONAL
Techsphere Systems International, Inc., a wholly owned subsidiary of Cyber Defense, located in Atlanta and Columbus, GA, is the manufacturer of low, mid and high altitude airships. Together with their teaming companies, Techsphere will design and build unique airship platforms for use in many areas including surveillance, the military and wireless communications. The current spherical airship design holds the world altitude record at over 20,000 feet. http://www.techsphere.us.
Contact: 21st Century Airships, Inc. Hokan Colting 905-898-6274 http://www.21stcenturyairships.comCyber Defense Systems, Inc. Billy Robinson 727-577-0878 billy*proxity.comTechsphere Systems International, Inc. Mike Lawson 706-536-3749 mlsmi*aol.com
-------------------- Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;)
IP: Logged |
posted
Cyber Defense Announces Purchase of Two CyberBug Grandes by the U.S.Air Force Academy
Oct 18, 2007 12:08:42 (ET)
ST. PETERSBURG, FL, Oct 18, 2007 (MARKET WIRE via COMTEX) -- Cyber Defense Systems, Inc. (CYDF, Trade ), a designer and developer of next generation unmanned aerial systems (UASs), announced today that the company has received orders from the U.S. Air Force academy for two CyberBug Grandes, support systems and training.
The CyberBug Grande(TM) is a 45 pound version of the popular CyberBug(TM) with scheduled delivery to be in November. It has been designed to specifically carry a twelve pound payload and fly for up to one and half hours. Initial tests show flight time can be extended with a reduction in payloads.
This is one of the most versatile UAVs offered in the marketplace today. The ability to deliver supplies and or carry sophisticated surveillance equipment and fly long duration missions with the Grande feature is a very unique vehicle to offer under $100,000.
Billy Robinson, CEO of Cyber Defense Systems, stated, "We are delighted the CyberBug Grande(TM) has been chosen by the Air Force Academy. The future commanders of our Air assets are now training on two of Cyber's recently successful products, the CyberBug B(TM) and CyberBug Grande(TM)."
ABOUT CYBER DEFENSE SYSTEMS
Cyber Defense Systems, Inc. (CYDF, Trade ) ( http://www.cduav.com ) is designing and building a new generation of UAVs. Cyber Defense, located in St. Petersburg, FL, is currently marketing airships and their CyberBug(TM) UAVs to various branches of the U.S. government, Law enforcement and U.S. allies as multi-use platform vehicles capable of deployment in surveillance and communication operations.
Techsphere Systems International, Inc. ("TSI") ( http://www.techsphere.us ) is a wholly owned subsidiary of Cyber Defense. TSI, located in Columbus, GA, is a manufacturer of low and mid altitude airships. Together with their teaming companies, Techsphere designs and builds unique airship platforms for use in many areas including surveillance, the military and wireless communications. The current SA 60 spherical airship design holds the world altitude record at over 20,000 feet.
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.
Contact:
Cyber Defense Systems, Inc. Billy Robinson 727-577-0878 billy*cduav.com
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
