Technest Holdings, Inc. Develops High Tech Sensing Device for Chemical Plant Security to Protect Against Terrorism.
BOSTON -- Advanced Remote Sensor Provides Capabilities to Respond to DHS DHS Department of Homeland Security (USA)
DHS Department of Human Services
DHS Department of Health Services
DHS Demographic and Health Surveys
DHS Dirhams (Morocco national currency) Secretary Chertoff's Call for New Protective Measures for 15,000 Chemical Facilities Located in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.
Technest Holdings, Inc. www.technestholdings.com (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :TCNH TCNH Tender Care Nursing Home (Midland, Michigan) ), 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.
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 developed a new innovative remote sensing device named the Automated Adaptive Chemical Examination System (AACES). The AACES is expected to be able to provide highly advanced capabilities to detect and classify a very broad range of chemicals which could be released into the air during a terrorist attack against any one of the 15,000 chemical facilities located in the United States. The AACES is being designed and tested under a Phase 2 SBIR SBIR Small Business Innovation Research (program/grant)
SBIR Space Based Infra-Red
SBIR Speaker-Boundary Interference
SBIR Site Backsurface-referenced Ideal Plane/Range (silicon wafers) funded by the US Army. Originally intended for use in military applications it can provide a powerful perimeter security capability for the protection of chemical facilities against terrorist attacks.
With government concerns mounting DHS Secretary Chertoff last week stated at a forum hosted by the chemical industry that the US Congress needs to quickly give his department regulatory authority to bolster security at chemical facilities that are attractive targets for terrorists. Chertoff said he envisioned performance standards, set by the Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security
executive department - a federal department in the executive branch of the government of the United States , for chemical companies to follow. Congress is considering legislation for federal regulation of the nation's 15,000 privately operated chemical facilities, which counter-terror experts have warned are at the top of the list of likely terror targets. Congressional investigators have revealed spotty results in how well the chemical industry is prepared to respond in the event of an attack. The leading bill, by Sens. Susan Collins, R-Maine, and Joseph Lieberman, D-Conn., would give Homeland Security authority to shut down plants that fail to submit acceptable security plans.
The AACES can provide break thru security capabilities. The AACES chemical detection sensor and controls can be left unattended in an area to monitor general air quality, or used to detect dangerous chemicals spread intentionally to harm citizens. This unique standoff chemical detection and identification system does not need to come in contact with chemicals to detect and identify them. It can make assessments from a remote location, allowing the EOIR-developed sensor to scan a much larger area than alternative systems that operate by taking a sample of the contaminated contaminated,
v 1. made radioactive by the addition of small quantities of radioactive material.
2. made contaminated by adding infective or radiographic materials.
3. an infective surface or object. air. This helps to avoid system contamination, and also enables the system to monitor continuously to achieve persistent surveillance. The AACES system consists of a Fourier Transform Infrared (FTIR FTIR Fourier Transform Infrared (spectroscopy)
FTIR Frustrated Total Internal Reflection
FTIR Fourier Transfer Ir ) sensor and digital signal processing/computing electronics. It is designed to operate independently, the system has a pan and tilt operation, allowing it to automatically scan a region or concentrate on a specific area without the need for manual intervention. When in scan mode, the sensor pans a predetermined pre·de·ter·mine
v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines
1. To determine, decide, or establish in advance: area until it detects a chemical signal that requires further investigation. At that point, it hones in on that area and focuses the sensor to identify the chemical signal. The system utilizing proprietary algorithms then sorts through a preexisting pre·ex·ist or pre-ex·ist
v. pre·ex·ist·ed, pre·ex·ist·ing, pre·ex·ists
To exist before (something); precede: Dinosaurs preexisted humans.
v.intr. chemical library to identify the specific chemical detected, and sends a warning message to remote devices via wireless data links.
Field testing of the device has produced very good results to date and the company believes that the potential market for this device to protect chemical facilities is significant.
About Technest Holdings, Inc.
Technest Holdings, Inc. (OTC OTC
See over-the-counter market (OTC). BB:TCNH) is a provider of: advanced remote sensor systems, chemical detectors, intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields.
Investors are cautioned that certain statements contained in this press release as well as some statements in periodic press releases and some oral statements of Technest Holdings Inc. officers and directors during presentations about Technest Holdings, 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.
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, 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 Technest Holdings, its products, economic and market factors and the industries in which Technest Holdings does business, among other things. These statements are not guarantees of future performance and Technest Holdings has no specific intention to update these statements. More detailed information about those factors is contained in Technest Holdings filings with the Securities and Exchange Commission. http://www.sec.gov.