Express Capital Concepts Inc., Through Its Acquisition Candidate, GreyStone Technology Inc., Announces That GreyStone Was Awarded a $1.5 Million Contract With the U.S. Army.DENVER--(BUSINESS WIRE)--Jan. 22, 1999--Express Capital Concepts Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : EXCC EXCC Exercise Control Center ), which is under a binding agreement to acquire privately held San Diego-based GreyStone Technology Inc. (GreyStone), announced today that GreyStone has been awarded a contract by the U.S. Army for continued support to the Multiple Unified Simulation Environment (MUSE) program. The contract, awarded by the U.S. Army Aviation and Missile Command Missile Command is a 1980 arcade game by Atari Inc. that was also licensed to Sega for European release. The plot of Missile Command is simple: the player's six cities are being attacked by an endless hail of ballistic missiles, some of them even splitting like , will support the Joint Technology Center/System Integration Laboratory, located on the Redstone Arsenal Redstone Arsenal, U.S. rocket research and development center, 38,781 acres (15,694 hectares), N Ala., W of Huntsville; est. 1941. One of the state's largest industrial enterprises, it includes the Army Missile Command, responsible for the army's rocket and guided in Huntsville, Ala. Upon the exercise of all options, the contract value would exceed $1.5 million over approximately 18 months. The MUSE is a real-time operator-in-the-loop Unmanned Aerial Vehicle A powered, aerial vehicle that does not carry a human operator, uses aerodynamic forces to provide vehicle lift, can fly autonomously or be piloted remotely, can be expendable or recoverable, and can carry a lethal or nonlethal payload. (UAV UAV Unmanned Aerial Vehicle UAV Unmanned Air Vehicle UAV Unmanned Aerospace Vehicle UAV Unmanned Airborne Vehicle UAV Uninhabited Air Vehicle UAV Urban Assault Vehicle UAV Unpiloted Aerial Vehicle (less common) ) simulation that provides a realistic simulation environment for UAV requirements generation, system integration, joint warfighting exercises, advanced warfighting concepts and operator tactics, techniques and procedures development. GreyStone will provide system and software engineering support to the MUSE visualization subsystem using the company's Real-time Advanced Graphics Environment (RAGE(TM)) software product. RAGE provides the scene visualization for the simulated daylight, infrared and radar sensor Radio detection and ranging (radar) is used to sense angle, range and velocity of (moving) scatterers in the environment [1] [2]. Radar sensor figures of merit include maximum range and solid angle, as well as angular, range and velocity resolution. payloads. "We focus on creating a high-fidelity representation of the complex battlespace environment, as we have continuously and successfully demonstrated for our customers in numerous military training exercises over the last four years. Distributed virtual environment-based simulations, like the MUSE, provides high pay-off, cost-effective support to the modern warfighter," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the GreyStone CEO/President, Richard Smith. GreyStone is a San Diego-based company that develops simulation and visualization software for government applications and computer-based entertainment products for commercial markets. For the arcade market, GreyStone is currently selling XS-G(TM), an adrenaline-surging game of futuristic, high-speed aerial combat and armament strategy among players networked together, racing each other as well as computer-generated foes through a canyon and underground race course. More information on GreyStone Technology Inc. is available on the company's web site at http://www.gstone.com. This press release contains forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Actual results may differ materially from those discussed in such forward-looking statements. |
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