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Markland Subsidiary EOIR Technologies Inc. Awarded $4.8 Million

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ProfitScout   Thursday, 08/11/05 09:31:39 AM
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Markland Subsidiary EOIR Technologies Inc. Awarded $4.8 Million in New Orders from U.S. Army; Company Ends Fiscal Year With $48.8 Million In Funded Backlog

BOSTON, Aug 11, 2005 (BUSINESS WIRE) -- Markland Technologies, Inc. (OTC BB:MRKL.OB), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD) has awarded the company's wholly owned subsidiary EOIR Technologies Inc. new orders for technology products and services totaling $4.8 million and that the company finished the fiscal year ended June 30,2005 with $48.8M in funded backlog. Robert Tarini, Chairman and CEO of Markland, made the announcement.

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. A portion of the current funding is being utilized for the continued development of technologies which may help to detect suicide bomber and weapons threats from stand off distances.

The $4.8 million in new orders come under an NVESD omnibus contract. The omnibus contract Option Year Four was awarded on July 15, 2005. EOIR Technologies Inc. omnibus contract awards for the previous Option Year Three which ended on July 14, 2005 had totaled $61.2M.

The ongoing Omnibus contract may provide a maximum ceiling amount of up to $80 million in fiscal year revenues for Markland. 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.

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, a service for which Markland compensates the provider.
For full details, click here: http://www.homelanddefensestocks.com/Companies/MarklandTech/ Default.asp (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.)

SOURCE: Markland Technologies, Inc.
Markland Technologies
ECON Corporate Services
Dawn Van Zant, 866-730-1151
Trevor Ruehs

Copyright Business Wire 2005

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