Xybernaut Corporation (Nasdaq) Launch of MA IV(TM) Hit of COMDEX
FAIRFAX, Va., Nov. 30 /PRNewswire/ -- Xybernaut Corporation (Nasdaq: XYBR - news), announced that the launch of its newest wearable computer, the Mobile Assistant IV™ (''MA IV'') was met by raves from analysts, critics and the commercial and industrial world. Met by statements such as ''The last barrier to ergonomic nirvana has been lifted'' by CNET News, and ''Xybernaut Corp. of Fairfax, Va., had perhaps the most dramatic traffic-stopper on the floor'' by the San Jose Mercury News in the heart of the Silicon Valley, Ed Newman, President and CEO of Xybernaut, declared the launch a resounding success.
Newman went on to say ''Every objective we set for this North American launch has been met from closing business with organizations that have the potential to deploy tens of thousands of systems over the next year or two, to attracting national attention to the wearable computer as a real contender for industrial and commercial clients, to establishing an immediate backlog for next year. With our aggressive pricing set to establish market share, we even ran into the unexpected taking many orders from consumers using credit cards right there on the show floor. We didn't anticipate demand from the consumer sector for two years. I am optimistic that 1999 will be a very rewarding year for Xybernaut and shareholders.''
Hussein Sallam, VP of Engineering and Manufacturing indicated his satisfaction with the performance of the entire MA IV™ product line. Said Mr. Sallam: ''There has not been a single failure in any component of the system. And this includes dozens of systems dating back to the October European launch with our partner Hewlett Packard. Despite worldwide shipping, use and abuse on show floors by thousands of attendees, and in-house and outside agency testing, every single MA IV™ has performed flawlessly. It is a real tribute to our Tokyo staff and our world-class Japanese manufacturing partners.''
David Schweppe, VP of Sales and Marketing, closed by reminding the press that even though Xybernaut has captured over 2,000 qualified leads from the show, representing tens of thousands of units, many from organizations already planning on deployment, that, in fact, the North American launch has just begun at COMDEX. ''We are currently embarking upon a nationwide 12-city road show with En Pointe, our North American distribution partner, an intensive advertising campaign, and significant direct marketing efforts. Our efforts are focused and if we continue to receive orders from even a small fraction of the ten and twenty deep crowds which were surrounding us at COMDEX, our very capable manufacturing partners will have the happy difficulty of keeping up with unplanned demand next year.''
Xybernaut Corporation is a leader in providing hardware, software and service solutions to the wearable computing industry. The Company's patented wearable computer systems feature speech-activation, flat panel and head-mounted displays that allow users hands-free access to information in the computer's internal storage, in local area networks, and on the Internet on an as-needed, where-needed basis. Xybernaut's software is designed to provide users with the right information needed for the task at hand using consistent navigation techniques and screen presentations. Xybernaut's customers include leading corporations and government agencies for many mobile knowledge delivery system applications, including maintenance and repair, inspection, inventory control, manufacturing and data collection.
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'', ''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 for, and delays in the start of, production of the next generations of the Mobile Assistant, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.
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