Rande
We have more news on XYBR..
Wednesday October 6, 8:30 am Eastern Time
Company Press Release
SOURCE: Xybernaut Corporation
Xybernaut(R) and American Systems Corporation
Form Strategic Alliance to Provide Training and Maintenance Solutions
FAIRFAX, Va., Oct. 6 /PRNewswire/ -- Xybernaut Corporation (Nasdaq: XYBR - news), the leader in wearable computing,
and American Systems Corporation (ASC) announced today that they have entered into a strategic alliance. Under the
agreement, ASC will provide professional engineering services and full training systems support in combination with Xybernaut's
Mobile Assistant® IV (MA IV(TM)). This combination of systems engineering, program management, training technologies and
delivery techniques, and cutting edge hardware will enable the companies to deliver advanced training systems, Interactive
Electronic Technical Manuals (IETM), and maintenance support systems.
Edward G. Newman, president and CEO of Xybernaut, stated, ''By combining the engineering and training development skills
of ASC with Xybernaut's advanced wearable computing technology, we will be able to introduce powerful new job
performance aids to the workplace, provide customers significant mentoring and reference assistance to the worker, and reduce
the number of personnel needed to operate and maintain complex systems of the future. This alliance will allow Xybernaut to
bring new and valuable solutions to both its existing and new markets.''
According to Elliot Needleman, president of ASC, ''ASC is very excited to be entering into this strategic alliance with
Xybernaut. We are confident that the combined unique expertise of our companies will result in state-of-the-art solutions for our
customers.'' He added, ''A large potential market exists amongst ASC's customer base for both government and commercial
applications. Although competing hardware delivery systems tend to be large and difficult for the average user to work with
effectively, the MA IV is extremely powerful while being highly portable, which lends itself to ASC's user requirements.''
The companies will focus on developing solutions for training and engineering. Xybernaut's wearable computing technology,
coupled with the right suite of programs and data to match clients' needs, represents a major step forward in the development of
reliable and effective training solutions. These systems are especially appropriate for applications where a ''hands-free''
requirement exists and/or a ''virtual knowledge assistant'' is needed. ASC's Training System Division has insight into customers
and organizations who are seeking advance distributed learning products to enhance the performance of their employees in a
''just in time'' manner, as well as an understanding of the programs and data those potential customers desire. The use of
Xybernaut's technology as a tool to provide real-time maintenance and diagnostic data and the ability to reduce the maintenance
training on existing systems will provide a competitive advantage to ASC's Systems Division.
Xybernaut's wearable computer, the Mobile Assistant® IV (MA IV(TM)) is being shipped worldwide. This full-function
productivity tool features all the benefits of a powerful WINTEL Pentium PC, with complete wireless communication
capabilities. It comes packaged as a belt-worn computer, with users' choice of memory and hard drives, two PC card slots, a
color VGA head-mounted display with microphone and earphone or an optional wrist-mounted VGA flat panel touch screen
color display, a miniature keyboard, a battery pack, and integrated voice-recognition software.
About Xybernaut Corporation
Xybernaut Corporation is the leading provider of wearable computing hardware, software, and services. The company's
patented wearable computers allow users hands-free, feet-free access to information in the computer's internal storage, in local
area networks and on the Internet on an as-needed, where-needed basis. Xybernaut's software is designed to provide users
with the right information when and where it's needed, using consistent navigation techniques and screen presentations. With the
MA IV, customers realize immediate savings in maintenance and repair, diagnosis, inspection, inventory control and data
collection procedures. Key industries using Xybernaut's products include manufacturing, distribution, transportation,
government, and utilities. Headquartered in Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe (Germany) and
Asia (Japan). Visit Xybernaut's web site at xybernaut.com.
About American Systems Corporation
American Systems Corporation is a private, employee-owned company, established in 1975, with headquarters in Chantilly,
Virginia, and field offices nationwide. ASC is comprised of four autonomous but mutually supporting divisions: the Systems
Division, the Training Systems Division, the Applied Communications Concepts Division, and the Information Network
Solutions Divisions. ASC provides professional and responsive systems engineering and professional technical services, systems
and network integration, training services and products, cable plant installation and national rollouts of network systems, and
related information technology services to clients in government, defense, telecommunications, commercial and retail markets.
The company's 1998 revenues totaled $68 million and are projected to hit $80 million in 1999. ASC has 800 employees
located at 14 offices nationwide. Visit American Systems Corporations web site at 2asc.com.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of
1995 (the ''Act''). In particular, when used in the preceding discussion, the words ''plan,'' ''confident that,'' ''believe,''
''expect,'' or ''intend to,'' and similar conditional expressions are intended to identify forward-looking statements within the
meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and
uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks
and uncertainties include, but are not limited to, market conditions, the availability of components and production of the Mobile
Assistant, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully
complete additional financings and other risks described in the Company's SEC reports and filings.
SOURCE: Xybernaut Corporation
|
