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Wednesday, March 29, 2006 8:07:17 AM
Markland Technologies, Inc. MRKL), a
company transforming advanced laboratory technology into real-world
products, announced today the signing of an extensive product and
intellectual property licensing agreement between itself and Technest
Holdings Inc.
This agreement provides Markland with exclusive licensing,
manufacturing and distribution rights which encompass at the time of
signing approximately 12 products and 20 patents with applications in
the areas of intelligent surveillance, 3D imaging, and medical
products and services and is subject to the achievement of specified
minimum royalty payments. Markland intends to pursue specific
opportunities for these products and intellectual property within
defined commercial market places to develop revenue streams.
The rights for these products and intellectual property are
limited to specific markets which exclude products to be sold to or
for use by, and services to be provided to, the United States
Department of Defense and comparable defense ministries of other
countries, the United States Department of Homeland Security and any
successor agencies performing comparable functions, the U.S.
Department of Energy, the U.S. Department of Justice, the U.S.
Department of State, and the U.S. intelligence agencies and comparable
intelligence departments of other countries.
The products covered by this agreement are as follows:
-- ACADA Point Chemical Detector
-- AACES Remote Standoff Chemical Detector
-- STUDS Perimeter Defense Sensor
-- WellCam Omni Video Surveillance and Rescue Sensor
-- Cerberus Omni Video Surveillance Sensor
-- SureMatch 3D Suite Facial Recognition Software
-- 3D Sketch Artist Software
-- HELIOS Laser Deterrent
-- IntraOral Medical Imaging Device
-- FaceCam 3D Camera
-- RainBow 3D Medical Imaging Software
-- NoseCam 3D Camera
Some of the commercial security markets which the Company intends
to pursue with these products include: high value corporate and
private facilities, large public venues such as hotels, casinos, and
stadiums, and privately owned chemical facilities.
Some of the medical markets which the Company intends to pursue as
an OEM supplier include dentistry and diagnostic imaging.
For more details on the Licensing Agreement please visit SEC web
link
http://www.sec.gov/Archives/edgar/data/1077800/000132446806000016/
mrkltcnhlicenseagmt31306.htm (Due to its length, this URL may need to
be copied/pasted into your Internet browser's address field. Remove
the extra space if one exists.)
About Markland Technologies
Markland Technologies, Inc. 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 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. For
more information about the company and its products, please visit the
Markland home page at http://www.marklandtech.com.
"Forward-Looking Statements"
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 Markland Technologies officers and
directors during presentations about Markland Technologies, are
"forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act 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), 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: 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.
http://www.sec.gov.
KEYWORD: NORTH AMERICA CONNECTICUT RHODE ISLAND UNITED STATES
INDUSTRY KEYWORD: GOVERNMENT DEFENSE GOVERNMENT AGENCIES MANUFACTURING AEROSPACE CONTRACT/AGREEMENT
SOURCE: Markland Technologies, Inc.
CONTACT INFORMATION:
Markland Technologies
Diane Steele, 203-894-9700
markland@marklandtech.com
company transforming advanced laboratory technology into real-world
products, announced today the signing of an extensive product and
intellectual property licensing agreement between itself and Technest
Holdings Inc.
This agreement provides Markland with exclusive licensing,
manufacturing and distribution rights which encompass at the time of
signing approximately 12 products and 20 patents with applications in
the areas of intelligent surveillance, 3D imaging, and medical
products and services and is subject to the achievement of specified
minimum royalty payments. Markland intends to pursue specific
opportunities for these products and intellectual property within
defined commercial market places to develop revenue streams.
The rights for these products and intellectual property are
limited to specific markets which exclude products to be sold to or
for use by, and services to be provided to, the United States
Department of Defense and comparable defense ministries of other
countries, the United States Department of Homeland Security and any
successor agencies performing comparable functions, the U.S.
Department of Energy, the U.S. Department of Justice, the U.S.
Department of State, and the U.S. intelligence agencies and comparable
intelligence departments of other countries.
The products covered by this agreement are as follows:
-- ACADA Point Chemical Detector
-- AACES Remote Standoff Chemical Detector
-- STUDS Perimeter Defense Sensor
-- WellCam Omni Video Surveillance and Rescue Sensor
-- Cerberus Omni Video Surveillance Sensor
-- SureMatch 3D Suite Facial Recognition Software
-- 3D Sketch Artist Software
-- HELIOS Laser Deterrent
-- IntraOral Medical Imaging Device
-- FaceCam 3D Camera
-- RainBow 3D Medical Imaging Software
-- NoseCam 3D Camera
Some of the commercial security markets which the Company intends
to pursue with these products include: high value corporate and
private facilities, large public venues such as hotels, casinos, and
stadiums, and privately owned chemical facilities.
Some of the medical markets which the Company intends to pursue as
an OEM supplier include dentistry and diagnostic imaging.
For more details on the Licensing Agreement please visit SEC web
link
http://www.sec.gov/Archives/edgar/data/1077800/000132446806000016/
mrkltcnhlicenseagmt31306.htm (Due to its length, this URL may need to
be copied/pasted into your Internet browser's address field. Remove
the extra space if one exists.)
About Markland Technologies
Markland Technologies, Inc. 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 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. For
more information about the company and its products, please visit the
Markland home page at http://www.marklandtech.com.
"Forward-Looking Statements"
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 Markland Technologies officers and
directors during presentations about Markland Technologies, are
"forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act 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), 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: 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.
http://www.sec.gov.
KEYWORD: NORTH AMERICA CONNECTICUT RHODE ISLAND UNITED STATES
INDUSTRY KEYWORD: GOVERNMENT DEFENSE GOVERNMENT AGENCIES MANUFACTURING AEROSPACE CONTRACT/AGREEMENT
SOURCE: Markland Technologies, Inc.
CONTACT INFORMATION:
Markland Technologies
Diane Steele, 203-894-9700
markland@marklandtech.com
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