Axion Spatial Imaging Signs Five-Year Exclusive Partnership Agreement with Computing Devices Canada Ltd., A General Dynamics Company.EDMONTON, Alberta--(BUSINESS WIRE)--Feb. 25, 1999--Axion Spatial Imaging Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AXON), a leader in geographic data Geographic data is about much more than electronic pictures of maps. The geographic data that describes our world allows for city planning, flood prediction and relief, emergency service routing, environmental assessments, wind pattern monitoring and many other applications. storage and retrieval technology, today announced the signing of a five-year exclusive partnership agreement with Computing Devices Canada Ltd., a General Dynamics General Dynamics Corporation (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world[1]. The company has changed markedly in the post-Cold War era of defense consolidation. company. Under the terms of the agreement, Axion ax·i·on n. A hypothetical boson having no charge or spin and small mass, proposed to explain the existence of certain symmetries of the strong nuclear force. [axi(al) + -on1.] and Computing Devices' Calgary Operations have agreed to share technology and jointly develop new products for the military market. The partnership begins with Axion providing their world-class map storage and rapid display technology into Computing Devices' recently launched battleWEB battlefield command and control software. battleWEB is now being fielded with the Canadian Army as part of Computing Devices' $1.5-billion Iris Tactical Command, Control, and Communications System. It is a state-of-the-art military asset management and communications package which allows the commander on the battlefield to track and direct all his assets in near real-time, using GPS. Axion will provide the software engine for instantaneous moving map manipulation and display on a theater-wide scale. Within battleWEB, detailed maps are scanned and will be stored in Axion's advanced image compression format. This boosts by a factor of up to 25 times the amount of geographic information available to today's soldier on the battlefield, without requiring expensive computer upgrades. "We are really excited about the enhanced capabilities that Axion's technologies will bring to Computing Devices' products," said Paul Coderre, VP-Command Information Systems at Computing Devices. "The Computing Devices/Axion partnership will bring to the military market worldwide a capability which was heretofore unavailable." Computing Devices Canada, Canada's largest defence electronics company, is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of General Dynamics Corporation. General Dynamics, (NYSE NYSE See: New York Stock Exchange :GD) based in Falls Church, Virginia Falls Church is an independent city in Virginia, United States. The population was 10,377 at the 2000 census. This city is a part of the Washington Metropolitan Area. A much larger number of people reside in Greater Falls Church , provides sophisticated defence systems to the United States and its allies. The corporation has 33,000 employees and has annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of approximately US$5 billion. Except for the historical information presented herein, the matters set forth in this press release are forward looking statements within the meaning of the "safe-harbor" provision of the 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 subject to risks and uncertainties that may cause actual results to differ materially. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. For more information contact: -0- Ian Basford Skip Armstrong President Director: Business Development Axion Spatial Imaging Ltd. Command Information Systems 888/642-6466 Computing Devices Canada, Ltd. 780/423-4413 403/730-1276 Fax: 780/423-4468 Fax: 403/730-1197 ianb@axionspatial.com skip.armstrong@cdcgy.com www.axionspatial.com www.computingdevices.com |
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