Xybernaut(R) Receives Contract from Minnesota DOT Continued Recognition of Xybernaut's Value-Added Services
FAIRFAX, Va., Oct. 12 /PRNewswire/ -- Xybernaut Corporation (Nasdaq: XYBR - news), the leader in wearable computing and communications solutions, today announced that Xybernaut Solutions Inc., its wholly-owned subsidiary, has received a contract extension from the Minnesota Department of Transportation for enhancement of Xybernaut's Program and Project Management System (PPMS). The contract is valued at approximately $500,000 and the original contract was valued at approximately $1.2 million.
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The PPMS facilitates the management of Capital Improvement Programs (CIP) for the Department of Transportation (DOT) organizations. This includes the management of funds, goals, objectives, critical-path-method project scheduling and resource management for each of the functional parts of the organization and for management of the department's activities.
The PPMS was originally designed and built for the New York State DOT and has been selected for implementation in six other states to date. In November 1998, Xybernaut Solutions was selected by the Minnesota DOT to modify the PPMS to meet their specific requirements. Working with Xybernaut Solutions on this contract are Booz, Allen & Hamilton and Testware, Inc.
``We are pleased to receive this award and view it as an affirmation of our solid relationship and reputation with the Minnesota DOT,'' stated Edward G. Newman, President and CEO of Xybernaut Corporation. ``A key value-added benefit to our clients has always been to provide ongoing improvements to their basic business processes. We are pleased to continue this tradition with the State of Minnesota.''
``The PPMS is a completely unique solution for DOT organizations that provides excellent performance at a much lower price than solutions built from scratch,'' said Perry Nolen, Xybernaut Solutions Chief Operating Officer. ``By blending both commercial-off-the-shelf and custom software with our years of experience, we can create a truly cost-effective solution for all of our DOT customers.''
About Xybernaut Corporation
Xybernaut Corporation is the leading provider of wearable computing hardware, software and services, bringing communications and full-function computing power in a hands-free design to people when and where they need it. The Mobile Assistant® IV (MA IV®), Xybernaut's patented wearable PC, runs all major PC operating systems, including Windows 98/2000/NT, Linux and SCO Unix. With the MA IV, customers can realize immediate savings in maintenance, repair, diagnosis, inspection, inventory control and data collection in a broad spectrum of industries, including manufacturing, distribution, utilities, government and transportation. Xybernaut also provides hyperlinking, multimedia authoring tools, project management, asset management and speech software toolkits. Headquartered in Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe (Germany) and Asia (Japan). Visit Xybernaut's web site at www.xybernaut.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,'' ``scheduled,'' ``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, timing and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, the performance of the Company's software and services, and other risks described in the Company's SEC reports and filings.
SOURCE: Xybernaut Corporation |
