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4C Controls Announces BQT Solutions Shareholder Approval of Strategic Ownership Investments.


4C Controls Acquisition of Interests in Satellite Business, Electronic Surveillance and Access Control Solutions

NEW YORK -- 4C Controls Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: FOUR.OB) today announced that the shareholders of BQT Solutions Limited (ASX ASX

See: Australian Stock Exchange
: BQT) have approved proposals for 4C Controls to acquire up to approximately 18% ownership of BQT Solutions and 40% ownership of BQT Satellites Limited.

The transaction marks a major step in the longer term mergers and acquisition plans of 4C Controls aimed at developing a leading market position in security, surveillance, earth observation satellites Partial list of Earth observation satellites by series/program.
  • See also: Timeline of Earth science satellites, unmanned space missions, satellites
Commercial
  • Disaster Monitoring Constellation
  • IKONOS
  • QuickBird
  • SPOT
  • EROS
, satellite images and access controls.

The 4C Controls acquisition of 40% of BQT Satellites Limited will include synthetic aperture radar Synthetic aperture radar (SAR)

Radar, airborne or satellite-borne, that uses special signal processing to produce high-resolution images of the surface of the Earth (or another object) while traversing a considerable flight path.
 (SAR (Segmentation And Reassembly) The protocol that converts data to cells for transmission over an ATM network. It is the lower part of the ATM Adaption Layer (AAL), which is responsible for the entire operation. See AAL.

SAR - segmentation and reassembly
) satellite manufacturing facilities planned in Verres Italy in partnership with the Politechnico di Torino, one of the largest European technology institutes. The transaction is consistent with 4C Controls' strategic plan to cover the entire value chain of high resolution earth observation satellite-based businesses, from satellite manufacturing and operation to images processing and sales to end users.

Under the terms approved by the BQT Solutions shareholders, 4C Controls expects to invest AUD AUD

In currencies, this is the abbreviation for the Australian Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
$4 million into BQT Solutions and AUD $14 million into BQT Satellites.

Jean Martin, Chairman of 4C Controls, stated, "The products, technologies and customer base of BQT Solutions combined with the distinguished expertise and established relationships in the global security industry of the 4C Controls management team will enhance the position of both companies in the access controls, biometrics and earth observation based satellites market segments."

Philipp Aubay, Chairman of 4C Satellite Images & Technologies S.A., the 100% owned subsidiary of 4C Controls established to provide high resolution earth observation satellite Earth observation satellites are satellites specifically designed to observe Earth from orbit, similar to reconnaissance satellites but intended for non-military uses such as environmental monitoring, meteorology, map making etc.  based technologies and applications, added, "BQT Satellite plans to commercialize the high resolution SAR Satellites technology and the planned facilities to produce SAR Satellites in Italy are expected to provide a remarkable opportunity for the global earth observation satellite business."

Olivier De Vergnier, commencing his position as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of 4C Controls on July 1, 2008, stated, "The capitalization of these strategic alliances through 4C Controls, especially the Satellite business unit, are expected to create unique growth opportunities which we anticipate to deliver substantial revenues for both companies."

About 4C Controls Inc.

With headquarters in New York, 4C Controls is an early stage company offering high technology security integrated solutions providing real-time early warning and reduction of time scales from threat-detection to termination in the field. The Company's primary focus is on the acquisition of technologies and large distribution networks including high resolution synthetic aperture radar satellites (SAR) and satellite images; ground high performance radars for intrusion detection and electronic surveillance / access control markets such as biometric, radio frequency identification See RFID.  (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ), real time locating Generally speaking, locating is the determination of the locality of an object. Description of locality is the location. Any current location of any existing object is real. Its current or momentary location is a real time location.  systems (RTLS RTLS Real-Time Location System
RTLS Return To Launch Site
RTLS Run Time Library Services
) and closed-circuit television (CCTV CCTV
abbr.
closed-circuit television


CCTV closed-circuit television
). For more information see www.4CControls.com

About BQT Solutions Limited

Headquartered in Sydney, Australia, BQT Solutions Limited engages in the development and marketing of smart card-based security access control systems. The company provides a single card-based solution for multiple applications that incorporates biometric access control, data encryption, closed-circuit television, and personal identification technology for physical and network security applications based on Mifare (13.56 megahertz contact less Smart Card) technology. For more information see www.bqtsolutions.com

About BQT Satellites

BQT Satellites Limited is a subsidiary of BQT Solutions Limited and Prime Asset Finance Limited. It was established in 2007 to study, develop, design, build, launch and operate small satellites for research, earth observation and surveillance in selected markets worldwide.

Forward-Looking Statements

This press release contains 'forward-looking statements' as defined in the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. These forward-looking statements are based upon currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. 4C Controls cannot provide assurances that any prospective matters described in the press release will be successfully completed or that it will realize the anticipated benefits of any transactions. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism Terrorist acts and the threat of Terrorism have occupied the various law enforcement agencies in the U.S. government for many years. The Anti-Terrorism and Effective Death Penalty Act of 1996, as amended by the usa patriot act  and the potential from war or other hostilities in other parts of the world; availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; its ability to retain key management and employees; intense competition and the ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the 4C Controls filings with the U.S. Securities & Exchange Commission. 4C Controls undertakes no obligation to update information contained in this release.
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Publication:Business Wire
Date:Jun 24, 2008
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