United States Navy's Emergency Ship Salvage Material System Purchases 21st Century Technologies' Trident Magnets For Underwater Operations.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Nov. 3, 2003 The United States Navy's Naval Sea Systems Command The Naval Sea Systems Command (NAVSEA) is the largest of the U.S. Navy's five "systems commands," or materiel organizations. NAVSEA consists of four shipyards, eight "warfare centers" (two undersea and six surface), four major shipbuilding locations and the NAVSEA headquarters, has placed an order through their contractor, GPC (1) A PC that uses the Linux-based gOS operating system. See gOS. (2) (GPC Group) Originally the Graphics Performance Characterization committee of the NCGA, the GPC Group is now part of Standard Performance Evaluation Corporation (SPEC) and oversees the following , for twelve new Trident Magnet Assemblies for its Emergency Ship Salvage Material System (ESSM ESSM European Society for Sexual Medicine ESSM Evolved Sea Sparrow Missile ESSM Exercise Science and Sports Medicine ESSM Emergency Ship Salvage Material ESSM Enterprise SQL Server Manager (Sybase) ). ESSM is comprised of a combination of bases and complexes that provide ship salvage, pollution control and ocean engineering equipment on an emergency basis. The Trident Magnet Assemblies are manufactured by Trident Technologies, Inc., a wholly-owned subsidiary of 21st Century Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TFCT TFCT Thorium Fuel Cycle Technology TFCT Task Force on Combating Terrorism TFCT Transverse Folded Cabinet Technology ). This latest purchase builds on a 3-year relationship between Trident and ESSM. The rare-earth permanent magnets purchased by GPC for the U.S. Navy are similar to the magnets used by ProMag and SeaPatch, Trident's efficient rupture and leak sealing systems employed by private industry. The ESSM Trident magnets are used as anchoring platforms for underwater salvage operations. The most recent successful deployment was an underwater oil recovery mission on the U.S.S. Mississinewa located at the Ulithi atoll in the North Pacific. The Trident Magnet Systems are used to affix hot tap flanges for environmentally safe removal of oil from sunken ships. They are also used to mount boring machine systems used to test hull integrity. Additional uses are under study to provide magnetic solutions for the diverse challenges of underwater emergency salvage operations. Arland D. Dunn, President and 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. of 21st Century said, "This sale is significant. We expect the applications available for our magnets to expand greatly. ProMag and SeaPatch are really the beginning of far wider applications for our high-tech powerful magnets. This relationship with the U.S. Navy is important to 21st Century and Trident. This purchase by GPC will help us in our efforts to obtain funding from the Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States so that our nation's 31,000 fire departments can be equipped with ProMag and, where appropriate, its marine engineered brother, SeaPatch. The future remains bright." Safe Harbor Statement Under 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 statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission. |
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