Xybernaut Awarded $1.62 Million Purchase Order from U.S. Department of Defense
Wednesday September 10, 9:10 am ET
Company Wins Bid To Assess Aircraft and Defense Maintenance Applications Using Wearable Computers
FAIRFAX, Va.--(BUSINESS WIRE)--Sept. 10, 2003--Xybernaut® Corporation (NASDAQ:XYBR - News) announced today that the Company has this week been awarded a $1.62 million purchase order from the U.S. Department of Defense to provide an assessment of wearable computing technologies and solutions for select U.S. military aircraft and air defense maintenance systems.
Under terms of the agreement, Xybernaut will provide professional services and mobile/wearable technology solutions ranging from software integration to systems training and validation. In addition to previously announced hardware sales, additional hardware sales associated with this $1.62 million services contract are expected to be announced at a later date.
Xybernaut won this bid under its GSA Schedule, and will serve as prime contractor on the initiative, which is designed to establish wearable/mobile computing as a logistical and maintenance platform for field personnel responsible for servicing certain mission critical aircraft and air defense systems.
"We are clearly proving that we have the desired mix of products, professional services and industry expertise to successfully compete for and win large contract awards from the U.S. military," stated Edward G. Newman, chairman and chief executive officer of Xybernaut. "Our years of effort invested in cultivating opportunities in this sector are yielding tangible, quantifiable results and demonstrate that Xybernaut is indeed being viewed as the preferred solution provider of wearable/computing solutions for our military forces."
"Xybernaut continues to execute key growth strategies to develop scalable, replicable mobile/wearable computing solutions that anticipate our customers' needs and deliver full function computing power where and when it is needed," said Steven A. Newman, Xybernaut president. "Xybernaut is meeting the unique and sophisticated demands of the U.S. military and fully expects that this relationship will drive dynamic revenue growth for our Company on an on-going basis."
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, APR, 703-631-6925
mbinko@xybernaut.com
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Source: Xybernaut Corporation |
