Markland Subsidiary EOIR Technologies, Inc. Awarded New Engineering Contracts to Support US Military; Contracts Have Potential Value of $36M over a One Year Period
RIDGEFIELD, Conn., May 04, 2005 (BUSINESS WIRE) -- Markland Technologies, Inc. (OTCBB: MRKL - News), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that its subsidiary EOIR Technologies, Inc. has been awarded two new contracts. The contracts have a combined potential value of $36M. The first is a contract awarded by the Naval Surface Warfare Center Dahlgren Division (NSWCDD) to provide system design, engineering support and systems integration for a new land-based vehicle to be used by the US Marines with a potential value of $11M. The second is a contract awarded by the US Army Night Vision and Electronics Sensor Directorate (NVESD) for prototype surveillance and force protection technology with a potential value of $25M.
NSWCDD provides extensive support to the U.S. Navy in many important areas which include the following; research and, development, test and evaluation, fleet support activities for surface warfare, combat systems, ordnance, strategic systems, amphibious warfare, mines and mine countermeasures. The Division conducts analysis, systems engineering, research, test, evaluation, and integration of important naval and joint warfare systems. This contract award signals an important step toward the goal that Markland Technologies Inc has established of extending its customer base within the US Navy and within NSWCDD in particular.
The Army's NVESD research and development group is one of the U.S. military's most advanced technological leaders. Markland is working on a range of next-generation technology solutions for the NVESD, including night vision and advanced sensor applications, disposable sensors and other threat-detection systems. Many of the products and services being delivered on this contract utilize next-generation electro-optic and infrared sensor technologies that are being used in direct support of U.S. military combat operations in Iraq, Afghanistan and elsewhere. The Army's NVESD has been responsible for numerous key innovations in the fields of optical electronics and thermal imaging for weapons targeting, electronic surveillance and other mission-critical military applications.
"We look forward to the beginning of a long and successful relationship between Markland and NSWC Dahlgren. Markland is poised to provide its talents to the Navy," said Robert Tarini, Markland CEO and Chairman. "To demonstrate our commitment, EOIR is creating a new division to focus on Naval and Marine Corps support. The award of this work is the first important step in establishing this new division."
Markland has also announced that it has under taken important steps to fully integrate its majority owned Technest Holdings Inc (OTCBB: THNS - News) subsidiary into the day to day operations of Markland. Technest's Genex Technologies subsidiary has been selected as a major subcontractor by EOIR Technologies Inc to supply proprietary optical surveillance technology to be utilized on a number of large scale US Army contracts recently awarded to Markland.
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company 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, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech
. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com
Markland Technologies, Inc is a featured Company on http://www.HomelandDefenseStocks.com,
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SOURCE: Markland Technologies, Inc.
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