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Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?

To: Roy F who wrote (5239)	12/9/2002 8:48:53 AM
From: Roy F	Read Replies (1) \| Respond to of 6847

U.S. Armed Forces Expand Wearable Computer Initiatives with 2003 Budget Appropriations Monday December 9, 8:46 am ET Xybernaut(R) Wearable/Mobile Computing Technologies Continue to Form Foundation for Variety of Field Force Automation Activities in U.S. Military FAIRFAX, Va.--(BUSINESS WIRE)--Dec. 9, 2002-- Xybernaut Corporation (NASDAQ:XYBR - News) today confirmed its participation in various wearable computing initiatives within major branches of the U.S. Department of Defense (DoD). In its recently issued FY 2003 budget, the Department of Defense appropriated a $3.4 million line-item for efforts associated with deploying wearable computing technologies for field automation applications. This appropriation represents an extension to a continuous multi-year effort beginning in FY 2001. The budget allocations have doubled each year from approximately $0.9 million in FY 2001 and $1.7 million in FY 2002 to the current $3.4 million level for FY 2003. This specific appropriation relates to one of many areas within the DoD where Xybernaut is actively engaged. Xybernaut efforts related to these and other DoD, homeland security and non-military government programs span all of the Company's operations including Xybernaut Corporation, Xybernaut Development Corporation (XDC), Xybernaut Solutions Inc. (XSI) and Team Xybernaut(TM) -- the Company's community of value-added resellers (VARs) and systems integrators. Program elements within the Marine Corps, Army, Navy and Air Force often include a combination of wearable computer hardware, software, solutions development, system configuration/testing, project management and integration services. Xybernaut Mobile Assistant® V (MA® V) wearable computers and XSI services form the foundation of various mobile/wearable computing solutions. Programs such as the previously-announced Maintenance Mentoring Systems (MMS-Marine Corps) program and the Remote Technical Assistance Support System (RTASS-Navy) are examples of the types of activities encompassed in Xybernaut DoD initiatives. Under MMS, Navy and Marine Corps teams are boosting productivity in situations where the amount of technical data required to perform a job exceeds memory retention capabilities or in situations where personnel shortages result in a limited number of mentors/experts available to assist less experienced technicians. "Xybernaut continues to develop wearable and mobile solutions for our government customers by bringing together hardware and software applications to provide comprehensive computing solutions," stated Edward G. Newman, chairman, president and CEO of Xybernaut. "Our goal is to extend these efforts and increase deployments of wearable computing benefits within existing government customer organizations and new government prospects." Government contracts are typically provisioned through Xybernaut or partner GSA Schedule procurement instruments. As previously announced, non-military government organizations are also realizing the benefits of wearable computing technologies. Recent non-military government contracts include Essex County (MA) Sheriff's Department for corrections facilities and Cape May County (NJ) for several field force tasks. 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) 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. -------------------------------------------------------------------------------- Contact: Xybernaut Corporation, Fairfax Michael Binko, 703/631-6925 mbinko@xybernaut.com -------------------------------------------------------------------------------- Source: Xybernaut Corporation