To Russia with love->Xybernaut Invited to Russian-U.S. Technology Meeting IT Roundtable Being Held in Conjunction with Putin-Bush Summit
FAIRFAX, Va.--(BUSINESS WIRE)--May 23, 2002--Xybernaut(R) Corporation (NASDAQ:XYBR), a leading provider of wearable and mobile computing solutions, is one of ten U.S. companies that has been selected to participate Friday in an Information Technology (IT) Roundtable in Moscow, which is being held in conjunction with the Moscow Summit between Russian President Vladimir V. Putin and President George W. Bush.
Representing Xybernaut at the meeting of senior Russian and U.S. IT sector executives and government officials will be Xybernaut Vice Chairman, Dr. Steven Newman. Roundtable participants will discuss and identify existing investment and two-way trade opportunities and recommend steps to be taken by both governments to enhance these opportunities.
Xybernaut was invited to the roundtable by the Ministry for Communications and Information of the Russian Federation because of its technology leadership in wearable and mobile computing. The Company's international customers range from corporations to government organizations to individual consumers.
The IT roundtable was organized by the Russian American Business Dialogue, the Ministry for Communications and Information of the Russian Federation, and the American Chamber of Commerce in Russia with the support of the U.S. Department of Commerce. Objectives related to the Information Technology Roundtable include:
- Discuss the new environment for promoting U.S.-Russian trade,
cooperation and investment in the IT sector
- Identify challenges and opportunities for two-way trade
relations
- Prepare a list of policy recommendations for the Russian and
U.S. Presidents
"The new political climate and closer relationship between the Russian and U.S. Presidents present unique opportunities to develop mutually beneficial cooperation between Russian and U.S. companies in the areas of information technology and security," stated Dr. Newman. "Russian IT companies are also interested in developing new markets for their services in the United States."
"Long-term government IT programs, such as E-Russia, open up continually expanding market opportunities for U.S. IT companies, including Xybernaut," added Dr. Newman. "Our unique hands-free mobile and wearable computing solutions offer exciting opportunities for governments and businesses worldwide and we look forward to expanding our international success specifically including several ongoing programs in Russia."
The roundtable will be held at the Moscow Marriott Grand Hotel from 8:30 a.m. until 1:30 p.m. on Friday, May 24.
About Xybernaut Corporation
Xybernaut Corporation is the leading provider of wearable/mobile 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. 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, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Third party statements contained herein and information contained on any third party website are not endorsed by or adopted by Xybernaut, nor has their accuracy been verified by Xybernaut.
CONTACT:
Xybernaut
Michael Binko, 703/631-6925
mbinko@xybernaut.com
SOURCE: Xybernaut
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05/23/2002 10:03 EASTERN |
