Struthers Industries and INFOTEX Sign Definitive Agreement to Secure IVDS and Wireless Communications through Assure EC tm, World's First and Only NSA-Approved C-2 Class Operating System
Business Wire - November 03, 1997 09:54
LOS ANGELES--(BUSINESS WIRE)--Nov. 3, 1997--Struthers Industries, Inc. (OTC:SIIS) said today that, 10 days after it announced a Memorandum of Understanding between the two companies, it has signed a Definitive Agreement with INFOTEX, Ltd. to combine Interactive Video and Data Services (IVDS) with the first and only National Security Agency-approved C-2 Class operating system for application in the first secure environment for wireless and Internet communications. Struthers' subsidiary, WINCOM Corp., is the nation's largest holder of IVDS (218-219 MHz) licenses under contract. Assure EC(tm) earned the NSA's C-2 rating under the Agency's Trusted Computer System Evaluation on October 7, 1997, after six years of development.
"When our companies announced the Memorandum of Understanding on October 24, we said it would be followed within 30 days by a Definitive Agreement, and we have more than met that commitment," said Struthers Chairman Raoul L. Carroll. "This agreement is a key component of the recapitalization plan of WINCOM, and represents a significant step forward for the IVDS network and the WINCOM business plan."
Assure EC(tm) is manufactured by INFOTEX subsidiary Sistex, Inc. As noted in the Oct. 24 announcement, Sistex President Robert Pollock said orders for Assure EC(tm) are pending from the U.S. Government.
Mr. Pollock and Russell Varnado, chairman of INFOTEX, said they are confident the agreement will have broad benefits for Struthers, INFOTEX and Sistex for the goal of totally secure operating systems.
CONTACT: WINCOM Corp.
Raoul L. Carroll
Chairman
(310) 557-1875
or
Sitrick And Company
James Bourne
(310) 788-2850 |
