AH YES ROY. WHAT WOULD XYBERNAUT BE WITHOUT A CHINA DEAL? THEY AINT MAKING IT IN THE GOOD OLD U.S.A SO CHINA SEAMS LIKE THE MOST LIKELY PLACE TO BE.
Press Release Source: Xybernaut Corporation
Xybernaut and Chongqing University of China Complete Research and Development Agreement for Wearable Computing Technologies
Monday August 4, 9:10 am ET
R&D Focus in Wearable Computing Hardware Circuitry, Networking and Communications and Ubiquitous Computing Applications
FAIRFAX, Va.--(BUSINESS WIRE)--Aug. 4, 2003-- Xybernaut® Corporation (NASDAQ:XYBR - News) and Chongqing University (China) today announced completion of a research and development agreement whereby both organizations will jointly perform R&D in network integrated head mount display (HMD) technologies and ubiquitous applications using wearable computers.
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Under the terms of the agreement, the companies will research and develop wearable computer circuitry; heat dissipation techniques and technologies; integrated HMD technologies; voice, video capture and transmission technologies; and ubiquitous computing applications.
Research efforts will concentrate on strategies, methodologies and intellectual property related to using wearable computing in the workplace in order to achieve benefits such as increased productivity/efficiency, quality improvements for data gathering and dissemination, knowledge management and human safety.
In addition to the joint relationship between Xybernaut and Chongqing University, the Mobile and Wearable Computing Research Center of Chongqing University has also completed the purchase of Xybernaut Mobile Assistant® V (MA® V) and Atigo(TM) mobile/wearable computers for the R&D initiatives outlined above.
"Xybernaut's wearable technology will be a great resource for our laboratory-based research," said Dr. Chen, director of the Mobile and Wearable Computing Research Center of Chongqing University. "Combining Xybernaut know-how and experience with Chongqing University's advanced wearable computing research is a perfect collaboration."
Edward G. Newman, chairman and CEO of Xybernaut, stated, "Chongqing University is clearly a leading technology research university in China, as well as having an extensive network of cooperative programs within the industrial community in China and other regions of Southeast Asia. We see many innovative and exciting opportunities to take the results of our years of effort to the next step - namely, the widespread integration of wearable computing into a large number of industries and applications. From industrial maintenance/repair/inspection, to international commerce and beyond, wearable computing is quickly becoming an integral component of successful global business."
Dr. Sun, Dean of the College of Automation at Chongqing University, said that he is delighted to see Chongqing University team with a worldwide leader in wearable computing, Xybernaut Corporation. "I firmly believe this collaboration capitalizes the best of multiple worlds, practical know-how and experience from Xybernaut, and the advance academic research from Chongqing University. This collaboration will enhance the usability of wearable computers and more important, will triumph over the skepticism of wearable technology in China as well as the Far East markets."
About Chongqing University
Chongqing University (CQU) is located in the city of Chongqing -- the youngest municipality directly under the Chinese Central Government, also the center for economy, culture and transportation in the Southwest of China.
More information can be obtained at cqu.edu.cn
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) and Atigo 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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Source: Xybernaut Corporation |
