Proxity Electronic Commerce Signs with Techstreet to Provide Non Government Standards
Proxity, Inc. announced today that Proxity Electronic Commerce Systems, LLC (PECS) has signed an agreement with Techstreet, a Division of Thomson Scientific Inc. a business unit of The Thomson Corporation (NYSE: TOC; TSX: TOC), to provide PECS clients with Non Government Standards referenced in the parts and logistics database supplied by PECS. The standards data will be available to approximately 350,000 Government contractors and Government personnel involved in logistics.
PECS, with the initial launch scheduled in January of 2006, will provide a service to give automatic notification on bid opportunities to companies providing parts and services to the U.S. Government. The service will integrate Non Government standards and associated drawings to Government bids including both military and Federal opportunities. Clients using the PECS system will be able to view descriptive information about relevant Non-Government standards and then choose to access a full-text version of the required document. The system will provide the first ever truly integrated system of logistics and sales support for commercial vendors and Government buyers.
Barry Nelsen, President of PECS, an originator of the Department of Defense's FEDLOGS logistics system states, "The PECS system will use today's computing technologies to provide parts and services data from over 350,000 companies supplying 12,000,000 parts used by industry and Governments around the world. Nelsen explains that many of the Government bids require that suppliers have full access to Non Government standards and associated documents related to the bid. The Techstreet system will provide all of these complimentary data requirements for both industry and Government." Nelsen also states, "We are very excited to work with Techstreet and Thomson Scientific, particularly in light of their deep involvement in the markets we serve. I am confident this will assist us in our growth."
About Proxity Electronic Commerce Systems, LLC
Proxity Electronic Commerce Systems, LLC, (PECS) was formed in the later part of 2005 and is a company made up of experienced people from the logistics community. The PECS system will provide a broadcast email system to assist purchasing agents in all areas of commerce as well as pricing information and parametric data on over 5 million component parts. The system when available in January 06 will cost $120 a month or $1200 a year paid in advance.
About Proxity, Inc.
Proxity, Inc. (Pink Sheets:PRXT) is a developmental holding company specializing in the deployment and marketing of security protection technology and government contract fulfillment. The Company seeks to acquire and develop security technology as well as continue to develop the PECS product line. Proxity plans to enter into teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for commercial, military and homeland defense. http://www.proxity.com
About Techstreet
Founded in 1997, Techstreet provides vital information resources and online information management tools to over 90,000 engineers, corporate librarians and technical professionals worldwide. Through its e-commerce website, www.techstreet.com, customers can search over 250,000 titles aggregated into one of the largest online databases of industry codes and standards in the world. A web-based subscription service offers multi-user access to a custom set of full-text standards. The company also offers publication fulfillment, e-commerce, and information management solutions to associations and publishers, and continues to provide innovative solutions in the field of Digital Rights Management.
About The Thomson Corporation
The Thomson Corporation (www.thomson.com), with 2004 revenues of $8.10 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With operational headquarters in Stamford, Conn., Thomson has approximately 38,000 employees and provides services in approximately 130 countries. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
Thomson scientific information solutions can be found at www.thomson.com/scientific and include Techstreet offering a wide variety of engineering codes and standards; ISI Web of Knowledge (SM) facilitating discovery by offering seamless navigation to high-quality, multidisciplinary journal (Web of Science(R)), patent (Derwent World Patents Index(R)), and Web content, evaluation tools, and bibliographic management products (EndNote(R)); Thomson Pharma(SM) -an integrated information solution for the pharmaceutical and biotechnology markets; Delphion(R) providing access to full-text patent documents from the world's leading patent authorities; and BIOSIS Previews (R) the world's most comprehensive reference database for life science research.
Wasserman Morris & Co. Reiterates Coverage for Cyber Defense Systems with a One-Year Share Price Target of a $1.60
Cyber Defense Systems, Inc. (OTC BB:CYDF) today announced that New York-based Wasserman Morris & Company, an independent investment research firm, reiterates its coverage of the Company.
Wasserman Morris issued a speculative buy rating with a one-year target price of a $1.60 per share. Their report, which is available for viewing at http://www.wassermanmorris.com and on Cyber Defense Systems' website http://www.cduav.com, cites "It seems that the acceptance of UAVs may come even sooner than expected. As discussed in the initiation report, the current analysis of the industry is considering a 25-year span, with the year 2005 being just the beginning for the emerging UAV classes and categories. We are witnessing the childhood stage of an emerging industry. While a number of producers did make and deliver UAVs, we believe that the future market is significantly larger and broader than envisioned today. There are signs of increasing awareness of the industry, at least in the governmental sector".
Billy Robinson, Cyber Defense Systems' CEO, said, "Our continued success of the CyberBug(TM) and the growing interest in the M.A.R.S.(TM) airships shows us that targeted product development is beginning to paying off."
Cyber Defense Systems Participates in Atlantic Strike II Training Exercise Hosted by United States Central Command Air Forces
Cyber Defense Systems, Inc. (OTCBB:CYDF), a designer and developer of next generation unmanned aerial vehicles (UAV's), today announced it recently participated in Atlantic Strike II training exercise. The training exercise was hosted by United States Central Command Air Forces (USCENTAF). Under the direction of Lt. Colonel Brian Carsell and Major James "Rainman" Hoffman and held at Avon Park Air Force Range, FL.
The objectives of the exercise were to train, gain knowledge, learn new UAV systems, and evaluate lessons learned for future use in Operation Iraqi Freedom. Cyber Defense and UAVPRO, Inc., the deployment and training group for Cyber, brought the entire CyberBug(TM) line. Cyber Defense was one of three UAV vendors invited to participate in the exercise; and their UAV system was the only one to have no mishaps during the three-day operation.
During the course of the three-day exercise, the medium and large CyberBug(TM) flew twelve sorties. Several times the flights were conducted with three different UAV systems in the air at the same time, over a mock up village. There were also HH-60 Helicopter Gunships providing live fire and F-15E fighter jets, in addition to other manned aircraft, providing close air support, while the CyberBugs(TM) provided an eye in the sky and a visual on targets at all times.
The CyberBugs(TM) were the only UAV system present with a gyro stabilized pan and tilt camera system. This allowed the CyberBug(TM) to stay on target no matter where the UAV was. The CyberBug(TM) also demonstrated the capabilities of launching from a rooftop or tower, without the use of a launch device. Overall, this exercise demonstrated how UAVs can operate in the same airspace as manned aircraft, and enhances the capabilities of the troops on the ground.
During recent House Armed Services Committee meeting the Air Force was urged to send more unmanned aerial drones to Iraq in an effort to neutralize the threat of roadside bombs and other improvised explosives popular among Iraqi insurgents. Committee member informed Air Force Secretary James Roche and Air Force Chief of Staff John Jumper that drones and other Air Force assets could help preclude that threat. Roche said the Air Force is working to improve coordination and is experimenting with new unmanned aerial vehicles and radar systems. He said tests had been conducted recently in the desert sands of Yuma, Ariz., on a backpack-sized drone that will soon be deployed to Iraq. He also highlighted the efforts of a senior-level working group in the Pentagon charged with improving joint cooperation.
ABOUT CYBER DEFENSE SYSTEMS
Cyber Defense Systems, Inc. is designing and building a new generation of UAV's. Cyber Defense is currently marketing airships and their CyberBug(TM) UAV's 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. Cyber Defense Systems, Inc. http://www.cduav.com (OTCBB: CYDF).
ABOUT TECHSPHERE SYSTEMS INTERNATIONAL
Techsphere Systems International, Inc., a wholly owned subsidiary of Cyber Defense is located in Atlanta and Columbus, GA, manufacturers low, mid and high altitude airships. Together with their teaming companies, Techsphere designs and builds unique airship platforms for use in many areas including surveillance, the military and wireless communications. The current spherical airship design holds the world altitude record at over 20,000 feet. http://www.techsphere.us.
About UAV PRO, Inc.
UAV PRO is experienced with both government and private clients in U.S. and overseas arenas Iraq, Kuwait, Australia, England, Germany, Africa, Israel, Bahrain and Saudi Arabia. With over 20 years of experience in Unmanned Aerial Vehicles. UAVPRO focuses on providing top quality support and consultation services to both the military and civilian Unmanned Vehicle community.
UAV PRO maintains a training facility at Fort Pickett, VA. This facility consists of a 2,000 sq. foot building with two state of the art classrooms. The facilities provide Flight Test Ranges and Range Control Coordination; UAV Maintenance Facility; Simulated Close Air Support; and complete UAV systems and flight teams for component and payload flight testing.
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.
Cyber Defense Systems, Inc.
Billy Robinson, 727-577-0878
billy@cduav.com
or
UAV PRO, Inc.
Greg Lumpkin, 434-292-4914
Greg@uavpro.com
or
TTC Group, Inc.
Victor Allgeier, 212-227-0997
Info@ttcominc.com
