| OnlyPunjab | Law Forums | Links Directory | Fitness Forums |
Our Spicy Blog
World News
Gadget News
Infotech News
Entertainment News
UK News
News Archives
Culture News
ERP News
Science News
Asia News
Business News
Tech News
Webmaster News
Asia News
Hardware News
Security News
Legal News
South Asia
Africa News
Animal News
no load mutual funds
domain names
Onlypunjab Forums
Law Forums

We Have Recently Made Changes to Our Website, If you are unable to find something Specific, Please Search Below

Google
Web onlypunjab.com

Markland Technologies Awarded $3.2 Million in New Orders by U.S. Army’s Top Technology Research and Development Lab
Publish Date : 12/14/2004 7:27:00 PM   Source : Technology News Onlypunjab.com

Markland Technologies, Inc. (OTCBB: MRKL), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that the U.S. Army has awarded Markland additional new orders for the Company’s advanced night vision products and services. The announcement was made by Robert Tarini, Chairman and CEO of Markland.

The $3.2 million in new orders come under a five-year omnibus contract with the Army’s Night Vision and Electronic Sensors Directorate (NVESD), one of the U.S. military’s most advanced research and development arms. The sales revenues derived from these new orders will be realized over a 12 month performance period. This will bring the total dollars awarded to EOIR Technologies Inc., a wholly-owned subsidiary of Markland, on this NVESD Omnibus contract since July 1, 2004 to approximately $22.6M.


These new orders are for products and services for the development of sensors and data collection platforms. Many of the products and services being delivered on this contract utilize next-generation electro-optic and infrared technologies in direct support of US military combat operations in Iraq and Afghanistan. The ongoing five year omnibus contract may potentially provide a maximum ceiling amount of up to $80M in fiscal year revenues for Markland. The contract has a potential value of approximately $406M over the life of the contract

The Army’s NVESD develops advanced technologies for use in night vision and targeting equipment. The directorate is one of the military’s most advanced research and development entities, and is responsible for numerous key innovations in the fields of optical electronics and thermal imaging, used for weapons targeting, electronic surveillance and other mission-critical military applications.

“These new orders further solidify our standing as an important supplier of advanced technology products to the US military and homeland security industry,” said Mr. Tarini. “We are extremely gratified that our next-generation technologies can continue to expand their contribution to the protection of our troops and innocent people worldwide. Among other security and defense initiatives we have taken, our subsidiary EOIR Technologies has developed solutions to protect soldiers from threats posed by terrorists using improvised explosive devices and suicide bombing attacks. Our efforts have helped to make the troops safer and have given the Company market opportunities to deliver these unique technology solutions in the dual-use applications that are common in the homeland security marketplace.”

Mr. Tarini further stated. “In the past, it has often taken years to develop new technologies for the military, but the defense industry can no longer afford such long development cycles. The pace of development has been quickened, and both military and civilian customers look to smaller, fast-moving innovators such as Markland to turn advanced technology into key new products.”

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 HomelandDefenseStocks.com; additional details can be viewed at www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at www.marklandtech.com.

Forward-Looking Statements
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Markland Technologies officials 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, difficulties integrating our acquisition of EOIR, 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.

Markland Technologies, Inc is a featured Company on HomelandDefenseStocks.com, a service for which Markland compensates the provider.

For full details, click here: www.homelanddefensestocks.com/Companies/MarklandTech/NewsReleases.asp

Contact:
Markland Technologies
http://www.marklandtech.com
    
ECON Corporate Services
(866) 730-1151
Dawn Van Zant
e-mail protected from spam bots

Trevor Ruehs
e-mail protected from spam bots

Trilogy Capital Partners
Paul Karon, investor relations
800-592-6067    

Source: Markland Technologies



More Onlypunjab.com News Stories


ICANN Gives Preliminary OK to 2 Domains         Publish Date : 12/17/2004 5:57:00 PM  
The Internet's key oversight agency gave a preliminary nod Monday to new domain names targeting mobile services and the jobs market.

Oracle victorious in quest for PeopleSoft         Publish Date : 12/17/2004 5:55:00 PM  
It's finally over. Business-software maker PeopleSoft (PSFT) agreed to be acquired by rival Oracle for $10.3 billion Monday, ending 18 months of lawsuits, corporate end runs and name calling.

Microsoft Unveils Software to Find Files         Publish Date : 12/17/2004 5:35:00 PM  
Microsoft Corp. on Monday joined the battle for supremacy in so-called desktop search, introducing software for quickly locating files on personal computers that challenges Google's two-month-old rival product.

TriQuint Semiconductor, Inc. to Acquire TFR Technologies, Inc.         Publish Date : 12/15/2004 11:40:00 AM  
TriQuint Semiconductor, Inc. (Nasdaq:TQNT) today announced that it has entered into a definitive agreement to acquire TFR Technologies, Inc., of Bend, Oregon....

Applied Materials Completes Acquisition of Metron Technology         Publish Date : 12/15/2004 10:54:00 AM  
Applied Materials, Inc. (Nasdaq:AMAT), announced today that it has completed the acquisition of the operating subsidiaries and businesses of Metron Technology ....

Honeywell's Patented Display Technology Licensed by NEC LCD Technologies         Publish Date : 12/15/2004 10:23:00 AM  
Honeywell (NYSE:HON) announced today that Honeywell and NEC LCD Technologies, Ltd. ("NEC LCD") have signed a license agreement enabling NEC LCD to use ....

Stop Cold Calling Forever         Publish Date : 12/15/2004 1:31:00 AM  
Tired of the grind of "smiling and dialing?" Learn how to end telephone torture forever!

Markland Technologies Awarded $3.2 Million in New Orders by U.S. Army’s Top Technology Research and Development Lab         Publish Date : 12/14/2004 7:27:00 PM  
Recent Cumulative Army Orders Validate Company’s Leadership Role in Next-Generation Defense Technology

Bugs, Taps, & hidden cameras. Do you know if Your Home and Office are Secure? These         Publish Date : 12/14/2004 7:20:00 PM  
An un-authorized person has entered your offices or home, but nothing has been stolen. An unexpected gift or appliance has appeared.....

Mobile multimedia slow to catch on         Publish Date : 12/14/2004 6:50:00 PM  
Technology correspondent, BBC News website. There is no doubt that mobile phones sporting cameras and colour screens are hugely popular.

Total Results : 248  
More News (Opens in New Window) :    [1]   2   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25      Next Page


News Archives | Asia News | World News | Gadget News | Entertainment News | Infotech News | UK News | Culture News | ERP News | Science News | Asia News | Business News | Hardware News | Security News | Legal News | South Asia | Africa News | Animal News | Canada News | Europe News | Health News | Middle East | Sports News | Advertising News | America News | Application News | Asia Pacific | Software News | Education News | Networking News | Technology News |
Entertainment News | Add Your Link to Our Directory | Travel News | Fitness News |

Post News About Your Company or Website Services Update on This Website Within 15 Hours
Discuss This Press Release in Forums, Get Views of Others on Story and Post Yours

alcoholism treatment

Canada News

Gadget News

Infotech News

Europe News

Health News

Middle East

Sports News

Advertising News

America News

Application News

Asia Pacific

Software News

Education News

Networking News

Technology News

Entertainment News

Add Your Link to Our Directory

Travel News

Fitness News

Onlypunjab Coop | Latest News | Reprint Articles | meditation techniques |

Copyrighted Material © Onlypunjab.com 1998 - 2007.      Contact Us with Suggestions / DMCA / Complaints / Corrections at Support Desk