Proxity Sub Cyber Defense Announces CyberBug Ready for Sale; Patents Filed on UAVs
Business Wire - January 06, 2005 06:30
ST. PETERSBURG, Fla., Jan 6, 2005 (BUSINESS WIRE) -- Proxity, Inc. (Pink Sheets:PDNW) announces operating subsidiary Cyber Defense Systems, Inc. (OTCBB:CYDF) is making available for sale CyberBug(TM), the first of the Company's planned product line. The line is currently made up of two basic products: CyberBug(TM) and CyberScout(TM). The release of information on these products includes U.S. Patent Office protection of their unique features.
CyberBug(TM) is being marketed as a low cost UAV developed for the individual user. Operating the CyberBug(TM) does not require extensive training, technical backup or pilot training to operate. The target audience is law enforcement and security companies including the Department of Defense. Suggested retail price will start at $7,500.
CyberBug(TM) is the first scalable unmanned aircraft that weighs 2.6 pounds - 6 pounds with a 5-pound payload depending on type of mission. The UAV options include high power day and night vision capable of carrying explosive payloads for defense and military use. The CyberBug(TM) can be assembled and launched in remote areas in 30 seconds by an individual and easily recovered in winds up to 20 MPH. The unit includes an autopilot as well as data link with GPS overlay. The CyberBug(TM) has two basic uses: short flight, which is intended to operate surveillance in areas of concern when troops are in dangerous situations, and long-term flight for the surveillance of patrol areas up to four hours.
The CyberBug(TM) sales plan includes hosting or attending several demonstrations to showcase the UAV: demonstrations in Haymarket, Virginia (January 19 - January 21), a security and technical seminar in San Antonio with distributor UNILUX at the end of January (date TBA), and the UAV show February 8-10.
The CyberScout(TM) UAV currently under development is designed to offer VTOL capabilities (vertical takeoff or landing) and hovers and flies horizontally for up to 45 minutes at speeds of 100 plus MPH. The CyberScout(TM) is not available at this time but the company expects the product to be for sale later in 2005. The product will be offered with a standard flight autopilot or an autonomous flight system; camera and payload pod are included. CyberScout(TM) weighs 10 pounds including a one-pound payload.
Cyber Defense plans on selling its unique line of UAVs through agreements with exclusive and non-exclusive distributorships both in the U.S. and abroad. The annual distributorship agreements will include commitments by the dealers to purchase 10 units (two upfront) to purchasing as many as 100 units for exclusive State territories. Cyber Defense will provide protection for territory owners as well as product marketing/sales training. Exclusive International dealerships and reseller agreements will also be available.
About Proxity, Inc.
Proxity, Inc. is a developmental holding company specializing in the deployment and marketing of security protection technology and government contract fulfillment. The Company seeks to acquire and develop security technology. Proxity plans to enter into teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for commercial, military and homeland defense. proxity.com
About Cyber Defense Systems, Inc.
Cyber Defense Systems, Inc., (OTCBB:CYDF) an operating subsidiary of Proxity, Inc. is assembling a team of military experts, aerospace and composite engineers to design and build a new generation of UAV's. Cyber plans also to market their UAV's 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. Their prospective clients all share the need for enhanced security, mobile communication platforms and increased surveillance capabilities. cyberdefensesystems.com
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words ``may,'' ``would,'' ``will,'' ``expect,'' ``estimate,'' ``anticipate,'' ``believe,'' ``intend,'' and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control and those actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
SOURCE: Proxity, Inc.
Proxity, Inc.
CyberDefense Systems, Inc.
Billy Robinson, 504-524-5425
or
Equitilink LLC - Investor Relations
877-788-1940 toll-free
or
For CyberBug sales and demonstration info contact:
CyberDefense Systems, Inc.
Barry Nelsen, 703-753-3429
Barry@salesgov.com
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