http://www.night-vision-shooting.com/ Night Vision Shooting - Night Vision Equipment for Shooting at Night/ en-us Copyright (c) 2002 - 2008 night-vision-shooting.com general@night-vision-shooting.com webmaster@night-vision-shooting.com Thu, 07 Aug 2008 19:51:41 GMT Night Vision news http://www.night-vision-shooting.com/night-vision-news/9 Markland Technologies, Inc., a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that the U.S. Army amp;#8217;s Night Vision and Electronic Sensors Directorate (NVESD) has awarded the company amp;#8217;s wholly owned subsidiary EOIR Technologies Inc. new orders for technology products and services totaling 4.8 million and that the company finished the fiscal year ended June 30,2005 with 48.8 million in funded backlog. Robert Tarini, Chairman and CEO of Markland, made the announcement. The Army amp;#8217;s NVESD research and development group is one of the U.S. military amp;#8217;s most advanced technological leaders. Markland is working on a range of next-generation technology solutions for the NVESD, including night vision and advanced sensor applications, disposable sensors and other threat-detection systems. A portion of the current funding is being utilized for the continued development of technologies which may help to detect suicide bomber and weapons threats from stand-off distances. The 4.8 million in new orders come under an NVESD omnibus contract. The omnibus contract Option Year Four was awarded on July 15, 2005. EOIR Technologies Inc. omnibus contract awards for the previous Option Year Three which ended on July 14, 2005 had totaled 61.2 million. The ongoing Omnibus contract may provide a maximum ceiling amount of up to 80 million in fiscal year revenues for Markland. Many of the products and services being delivered on this contract utilize next-generation electro-optic and infrared sensor technologies that are being used in direct support of U.S. military combat operations in Iraq, Afghanistan and elsewhere. The Army amp;#8217;s NVESD has been responsible for numerous key innovations in the fields of optical electronics and thermal imaging for weapons targeting, electronic surveillance and other mission-critical military applications. About Markland Technologies Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland amp;#8217;s solutions support military, law enforcement and homeland security personnel to protect the nation amp;#8217;s citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com. Forward-Looking Statements Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Markland Technologies officials during presentations about Markland Technologies, are amp;quot;forward-looking amp;quot; statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the amp;quot;Act amp;quot;). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as amp;quot;expects, amp;quot; amp;quot;anticipates, amp;quot; amp;quot;intends, amp;quot; amp;quot;plans, amp;quot; amp;quot;believes, amp;quot; amp;quot;estimates, amp;quot; or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: a reduction in order rates from the Army amp;#8217;s Night Vision and Electronic Surveillance Directorate, difficulties integrating our acquisition of EOIR, insufficient cash flow to continue to fund the development and marketing of the Company amp;#8217;s products and technology; a rejection of the Company amp;#8217;s products and technologies by the marketplace, and; disputes as to the Company amp;#8217;s intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission. http://www.night-vision-shooting.com/night-vision-news/9 general@night-vision-shooting.com Night Vision news 2005-08-26