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CYDF news: Cyber Defense System's Techsphere Subsidiary Leases Two Airships for $4.2 Million to Fortune 100 Corporation
Jun 13, 2006 9:30:00 AM
ST. PETERSBURG, FL and ATLANTA, GA -- (MARKET WIRE) -- 06/13/06 -- Cyber Defense Systems, Inc. (OTCBB: CYDF), a designer and developer of next-generation unmanned aerial vehicles (UAVs), is pleased to announce that its wholly owned subsidiary, Techsphere Systems International, Inc., has executed a lease contract for two of its SA-60A Spherical Airships to a Fortune 100 company at an estimated initial contract value of approximately $4.2 million.

Michael F. Lawson, Techsphere's Marketing Chief, stated, "This two airship contract is a significant step forward in our plans to build a multi-airship fleet. Techsphere airships are built in Columbus, GA."

Billy Robinson, CEO of Cyber Defense, added, "While there are many potential applications for our airships, this contract to use our airships in a major advertising program by a major company introduces a new dimension to our airship business."

About Cyber Defense Systems

Cyber Defense Systems, Inc. (OTCBB: CYDF) is designing and building a new generation of UAVs. Cyber Defense is currently marketing airships and their CyberBug(TM) UAVs to various branches of the U.S. government and U.S. allies as multi-use platform vehicles capable of deployment in surveillance and communication operations. For more information about Cyber Defense Systems, Inc. go to: http://www.cduav.com



About Techsphere Systems International

Techsphere Systems International, Inc., a wholly owned subsidiary of Cyber Defense located in Atlanta and Columbus, GA, is the manufacturer of low, mid and high-altitude airships. Together with their teaming companies, Techsphere will design and build unique airship platforms for use in many areas including surveillance, the military and wireless communications. The current spherical airship design holds the world altitude record at over 20,000 feet. For more information about Techsphere go to: http://www.techsphere.us.