COCONNECT ANNOUNCES ISSUANCE OF MOU WITH PHOENIX SYSTEMS.
"There is a new wind in the air for CoConnect and it's blowing in the direction of the very rich Homeland Defense space in wireless technology," said CNTI CEO Josh Eikov.
CoConnect will commercialize several of Phoenix's products that all focus on wireless connectivity devices and software products. These products might include products enhancing wireless connectivity, a wireless intrusion detection system and products optimizing wireless communications for secure multimedia applications. The first product will focus around a network connectivity adaptor that will allow wireless devices of different protocols to communicate over any network using PC card technology.
"The opportunity to make the transition from government to commercial is there and when CNTI showed us their capability to help us, we saw a balanced blend that we couldn't deny. We are very excited about the future prospects," said Mike Franco, President of Phoenix Systems.
The terms of the deal are not disclosed at this time.
About Phoenix Systems Corp. Phoenix Systems Corporation ("PSC") is highly skilled in project management and technology solutions. Phoenix is project proven and fully capable of satisfying the SBA goals of government technology contractors. Phoenix serves specific technology niches in the space of secure wireless and wired communications, which makes it a uniquely talented force in the IT market. Management skills and technology resources enable the delivery of services supporting research, integration, testing, maintenance and training for secure communications including data security, converged voice, video over LAN, MAN, WAN, and WLAN, Cellular, PCS networks. Phoenix Systems Engineering Corporation ("PSEC") owns and operates a Secure Wireless Multimedia Laboratory in Columbia, Maryland.
The PSEC Wireless Laboratory has been established to investigate, develop, and validate concepts to support secure communications involving current and future wireless devices. Challenges of interest for which PSEC is pursuing work include: Secure Wireless LANs (SWLANs), security protocols and architectures. Phoenix Systems Products Group ("PSPG") is in development and will be a subsidiary of PSC. Methodologies from PSC research projects will be transposed to PSPG for prototyping and eventual commercialization.
About CoConnect, Inc.
CoConnect is a wireless information and technology company that works with global network and connectivity products to commercialize and develop technology in transition from public sector companies into the commercial world.
For more information call 801/266-9393 or visit http://www.coconnect.com or http://www.otcfn.com/cnti.