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Technology Stocks : XYBR - Xybernaut

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To: rrufff who wrote (4977)6/13/2002 9:48:23 AM
From: Roy F  Read Replies (2) of 6847
 
Xybernaut Awarded Hardware Contract for Armed Forces

Wearable/Mobile Computing Technologies Support Variety of Maintenance Activities in Three Branches of U.S. Military

FAIRFAX, Va.--(BUSINESS WIRE)--June 13, 2002-- Xybernaut® Corporation (NASDAQ: XYBR - News), the leader in wearable computing and communications solutions, today announced a contract award of approximately $370,000 in hardware to support the deployment of wearable computing solutions for three branches of the United States Armed Forces.

Marine Corps, Air Force and Navy maintenance teams will utilize the mobile/wearable computing equipment for a variety of technical functions throughout the United States.

Xybernaut's Mobile Assistant® V (MA® V) wearable computers form the foundation of the mobile/wearable platform. Additional components of the solution include Microvision Head Mounted Displays, MicroOptical Head Mounted Displays and advanced camera/optics technologies from Oxford Technology. Xybernaut will provide additional hardware components, as needed, under reseller agreements with these and other leading technology providers.

All three of the U.S. armed forces branches acquired the hardware through Xybernaut's listing on World Wide Technology's (WWT) GSA Schedule. This order represents the first award to utilize Xybernaut's GSA Schedule procurement instrument. Additional Department of Defense and civilian government organizations are expected to take advantage of the availability of Xybernaut's GSA Schedule throughout the remainder of 2002 and beyond.

"Xybernaut continues to develop wearable and mobile solutions for our government customers by bringing together the hardware and software applications to provide a total maintenance solution," stated Edward G. Newman, chairman, president and CEO of Xybernaut. "Our goal related to this deployment is to provide an integrated solution that will increase the effectiveness and productivity of today's armed forces maintenance personnel. Along with our solution partners, we look forward to working side by side with the men and women of our military during this critical time in our nation's history."

About Xybernaut

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. Xybernaut, the Xybernaut logo and Mobile Assistant® V (MA® V) are trademarks or registered trademarks of Xybernaut Corporation in the USA and other countries. All other brand and product names are or may be trademarks of, and are used to identify products or services of, their respective owners.

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.

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Contact:

Xybernaut Corporation
Michael Binko, 703/631-6925
mbinko@xybernaut.com
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