Meridian's Announces Joint Venture with Gio Communication Inc. to Develop Remote Bio-Monitoring Military Device Technology.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Meridian Co., Ltd. ("Meridian") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MRDAF) is very pleased to announce it has entered into a Joint Venture Agreement ("JVA JVA Justizvollzugsanstalt (German: Prison) JVA Joint Venture Agreement JVA Joint Vibration Analysis (diagnostic aid for the temporomandibular joint) JVA Joint Voluntary Agency JVA Joint Venture Accounting ") with Gio Communication Inc. ("Gio") to develop an integrated military helmet. The Company signed a Non-Disclosure Agreement A non-disclosure agreement (NDA), also called a confidential disclosure agreement (CDA), confidentiality agreement or secrecy agreement, is a legal contract between at least two parties that outlines confidential materials or knowledge the parties with Gio in March 2005 and is very excited about the potential of this project. The JVA will focus on developing a system that locates individual soldiers using GPS technology and inertial navigation Noun 1. inertial navigation - a method of controlling the flight of a missile by devices that respond to inertial forces inertial guidance steering, guidance, direction - the act of setting and holding a course; "a new council was installed under the which will create the ability to monitor the status of each soldier through a bio-signal. This technology would greatly increase the ability to track soldiers and monitor their mortality status. Both companies are in the process of filing a patent application for the remote bio-monitoring system. Meridian is utilizing its pulse analyzing technology, currently used for the Digital Pulse Analyzer, to develop an ear insertion device that carries a fiber optic sensor. The Company expects to complete the prototype in July 2005. This remote bio-monitoring system has attracted a great deal of interest. The technology was selected for participation in the Technology Reforming Small Group Supporting Program which is promoted by the Small and Medium Business Administration ("SMBA SMBA Stedelijk Museum Bureau Amsterdam SMBA Shared Memory Buffer Architecture SMBA San Marcos Baptist Academy (San Marcos, TX) SMBA Scottish Marine Biological Association SMBA Saskatoon Minor Basketball Association "). The SMBA offers a variety of support systems for selected companies to provide increased market exposure. Meridian plans to complete the development of the remote bio-monitoring module by the end of 2005 and has arranged to deliver 30,000 sets each year, which includes the initial 10,000 sets to a purchaser (covered under the Non-Disclosure Agreement) by the first quarter of 2006. More About: Meridian Meridian is an established leader in the research/development, manufacturing, and sales of integrative medical diagnostic equipment. The company sells its products and equipment to a wide array of customers in the global health care industry. The company presently holds a total of 18 worldwide patents on its technology, and has received FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. , as well as other international regulatory approvals for many of its products. Meridian is committed to the ongoing global research and advancement of integrative medical products that contribute to the better health of humanity. More About: Gio Communications Inc. Gio is a leading-edge company in the field of radio frequency communications using millimeter microwave technologies for Korean critical market needs. Gio is in the course of developing a Broadband Wireless Local Loop device and 60GHz wireless LAN. Gio is expanding its business expertise to military defense issues. Meridian Co., Ltd. (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. :MRDAF) |
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