Markland Technologies Subsidiary, EOIR Technologies, Inc. Announces Development of Airborne Reconnaissance Device.RIDGEFIELD, Conn. -- New State of the Art Airborne Sensor Provides Enhanced Surveillance Capabilities Markland Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : MRKL), a defense and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States company transforming advanced laboratory technology into real-world products, announced today that its 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. EOIR EOIR Executive Office of Immigration Review EOIR Electro-Optic Infrared EOIR Enhanced Online Insertion and Removal Technologies Inc. has completed development of a new airborne optical surveillance sensor named the Lightweight Image-Enhanced Zoom-able Reconnaissance You can assist by [ editing it] now. Device (LIZRD). The LIZRD airborne reconnaissance device is a unique compact aerial high resolution imaging system designed to be flown in conjunction with hyper-spectral sensors, which offer a high resolution view of an aerial scene. The LIZRD utilizes a fiber optic gyro and GPS for attitude and position information, as well as a high resolution line scanning camera with a digital capture capability for imagery data collection. LIZRD performs motion correction to compensate for aircraft attitude variation, stamping the information onto digital imagery data for either real-time motion correction or post processing. Mission and imagery analysis Imagery analysis is the extraction of useful information from bi-dimensional graphic formats, including screen shots. This includes color and black & white photographs, infra-red photographs and video, radar screens and synthetic aperture radar formats, ultrasound, EKG, EEG, MRI, software are also included with the LIZRD sensor suite. This new product development is one of a number which are currently under way within the Software and Systems Research and Development Division (SSRD SSRD Solid State Recording Device (unmanned aircraft data storage) SSRD System Software Requirements Document SSRD Ship Selected Record Document SSRD Sales Stock Run Down SSRD Sub-System Requirements Document ) at EOIR Technologies Inc. The SSRD product development team consists of 30 employees with diversified diversified (di·verˑ·s skill sets in the areas of; software, electrical and mechanical engineering as well as graphic design and training. They are located in a new state of the art design and development facility located in Fredericksburg, Virginia Fredericksburg is an independent city in the U.S. Commonwealth of Virginia, 50 miles south of Washington, D.C., and 55 miles north of Richmond, Virginia. As of the 2000 census, the city had a population of 19,279. that houses several technical laboratories which include: an electronics lab, three systems integration labs, and a mechanical and laser lab. These laboratories provide SSRD development team members with ample space to develop new software and systems solutions and products as well as conduct state of the art research in electro-optics and infra-red technology. "This new state of the art facility allows our division to optimize existing projects, expand productivity, and grow new capabilities," states EOIR Vice President Diane Deterline, who heads the SSRD division. "Our business plan is centered around dual use technologies which can be applied to both the DOD (1) (Dial On Demand) A feature that allows a device to automatically dial a telephone number. For example, an ISDN router with dial on demand will automatically dial up the ISP when it senses IP traffic destined for the Internet. and Homeland Security marketplaces. To that extent the fabulous people we have working at SSRD are providing Markland with new and innovative product concepts which we hope to leverage to increase revenues and gross margins for the business," states Markland 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. Robert Tarini. Many of the products and services being delivered from EOIR utilize next-generation electro-optic and infrared sensor technologies that are being used in direct support of U.S. military combat operations in Iraq, Afghanistan and elsewhere. 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 Dual-use is a term often used in politics and diplomacy to refer to technology which can be used for both peaceful and military aims. It usually refers to the proliferation of nuclear weapons, but that of bioweapons is a growing concern. 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 http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 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 (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 Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. ), 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 http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider. For full details, click here: http://www.homelanddefensestocks.com/Companies/MarklandTech/NewsReleas es.asp (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) |
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