Cyber Defense Facilities Readied for Full Production; Receives Sales Commitments, CyberBugs to Train Military and Law Enforcement User Groups in Surveillance and Intelligence Gathering
Business Wire - March 31, 2005 10:05
ST. PETERSBURG, Fla., Mar 31, 2005 (BUSINESS WIRE) -- Cyber Defense Systems, Inc. (OTCBB: CYDF) announces that its current assembly facilities are being readied for full production as the Company begins filling its first CyberBug(TM) sales orders. Cyber Defense Systems, an operating subsidiary of Proxity, Inc. (Pink Sheets: PRXT) received sales commitments last week for three Cyber Bugs(TM), their low cost UAV developed for the individual user.
According to Cyber Defense Systems, Applied Technologies Corporation, the Company's new reseller in the mid-Atlantic region, purchased two CyberBugs(TM) which they will employ to train military and law enforcement user groups operating UAVs for surveillance and intelligence gathering. An un-named Government agency ordered one CyberBug(TM), as part of a prototype program to monitor areas of agency responsibility.
Barry Nelsen, Cyber Defense System's Vice President of Sales states, "Our sales team is getting the word out to the marketplace that we can produce CyberBugs(TM) and deliver them on schedule. As this message spreads, our marketing and sales plan should take hold and generate orders. Various organizations are asking deployment type questions as they envision the numerous ways to use the CyberBug(TM). The production team is concentrating on product quality. They have engaged Gardiner Composite of Miami, Florida to meet anticipated needs as we prepare for full production of up to a 100 units a month. The Company expects to kickoff a strong sales effort in May with the planned UAV demos and multinational trade show events. Once we get our UAVs out on the market where they can actually be seen and touched, the marketing and sales process becomes even more exciting and fruitful. Sales goals will soon be set for those involved in direct sales of the CyberBug(TM). We anticipate a busy facility."
The CyberBug(TM) is a scalable 2.6 to 12 pound unmanned aircraft, which can be deployed for total surveillance of an area. The CyberBug(TM) does not require extensive instruction, technical backup or pilot training. Capable of rapid deployment, it can be assembled and launched by an individual from remote areas in 30 seconds, and easily recovered in winds up to 20 MPH. The basic unit includes an autopilot, data link with GPS overlay, a day/night camera, and offers options that include Infra Red view. The CyberBug(TM) has two basic uses: short-term flights to operate surveillance in areas of concern using high powered day and night vision for dangerous situations, and long-term flights for the routine surveillance of patrol areas up to four hours. Suggested retail price starts at $8,500.
About Cyber Defense Systems, Inc.
Cyber Defense Systems, Inc. (CYDF), an operating subsidiary of Proxity, Inc. (PRXT), is designing and building a new generation of UAVs. Cyber Defense is currently marketing their CyberBug(TM) UAVs to various branches of the U.S. government and U.S. allies as multi-use platform vehicles capable of deployment in surveillance and communication operations. cyberdefensesystems.com
About Proxity, Inc.
Proxity, Inc. is a developmental holding company specializing in the deployment and marketing of security protection technology and government contract fulfillment. With 18,750,000 shares in CYDF, Proxity is the majority shareholder in Cyber Defense. Proxity seeks to acquire and develop security technology, and plans to enter into teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for commercial, military and homeland defense. proxity.com
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words ``may,'' ``would,'' ``will,'' ``expect,'' ``estimate,'' ``anticipate,'' ``believe,'' ``intend,'' and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control and those actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
SOURCE: Cyber Defense Systems, Inc.
Emerson Gerard Associates
Jerry Jennings, 561-881-7318
mediareply@emersongerard.com
Copyright Business Wire 2005 |
