I posted a bit on Axion a week ago -since then they have anounce a fantastic deal with GENERAL DYNAMICS. The stock has started its climb upward but it is still pretty low. If the M-1 tank is good enough for this product -think what General Motors will use in Dad's Caddy!!
EDMONTON, Alberta--(BUSINESS WIRE)--Feb. 25, 1999--Axion Spatial Imaging Inc. (OTC BB:AXON), a leader in geographic data storage and retrieval technology, today announced the signing of a five-year exclusive partnership agreement with Computing Devices Canada Ltd., a General Dynamics company. Under the terms of the agreement, Axion and Computing Devices' Calgary Operations have agreed to share technology and jointly develop new products for the military market. The partnership begins with Axion providing their world-class map storage and rapid display technology into Computing Devices' recently launched battleWEB battlefield command and control software.
battleWEB is now being fielded with the Canadian Army as part of Computing Devices' $1.5-billion Iris Tactical Command, Control, and Communications System. It is a state-of-the-art military asset management and communications package which allows the commander on the battlefield to track and direct all his assets in near real-time, using GPS. Axion will provide the software engine for instantaneous moving map manipulation and display on a theater-wide scale. Within battleWEB, detailed maps are scanned and will be stored in Axion's advanced image compression format. This boosts by a factor of up to 25 times the amount of geographic information available to today's soldier on the battlefield, without requiring expensive computer upgrades. "We are really excited about the enhanced capabilities that Axion's technologies will bring to Computing Devices' products," said Paul Coderre, VP-Command Information Systems at Computing Devices. "The Computing Devices/Axion partnership will bring to the military market worldwide a capability which was heretofore unavailable."
Computing Devices Canada, Canada's largest defence electronics company, is a wholly owned subsidiary of General Dynamics Corporation. General Dynamics, (NYSE:GD) based in Falls Church, Virginia, provides sophisticated defence systems to the United States and its allies. The corporation has 33,000 employees and has annualized sales of approximately US$5 billion.
Except for the historical information presented herein, the matters set forth in this press release are forward looking statements within the meaning of the "safe-harbor" provision of the Private Securities Litigation reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.
For more information contact:
Ian Basford Skip Armstrong President Director: Business Development Axion Spatial Imaging Ltd. Command Information Systems 888/642-6466 Computing Devices Canada, Ltd. 780/423-4413 403/730-1276 Fax: 780/423-4468 Fax: 403/730-1197 ianb@axionspatial.com skip.armstrong@cdcgy.com www.axionspatial.com www.computingdevices.com
CONTACT: Axion Spatial Imaging Inc.
Milton Lemke, B.Sc., 403/423-4413
miltonl@axionspatial.com
www.axionspatial.com
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