WEST PALM BEACH, Fla., July 13, 2004 (PRIMEZONE) -- Proxity Digital Networks, Inc. (Pink Sheets:PDNW) and Techsphere Systems International, Inc., through Cyber Aerospace Corp., an operating subsidiary of Proxity's On Alert Systems, reports that the successful test flight of the SA-60 conducted for Naval Air Systems Command has received national news coverage.
http://www.cbsnews.com/stories/2004/07/07/eveningnews/ main628088.shtml http://www.washingtonpost.com/wp-dyn/articles/A32924-2004Jul7.html
Naval Air Systems Command (NAVAIR) contracted with Cyber Aerospace to flight-test the SA-60 on June 28 evaluating its potential for future military and defense requirements. After a series of successful tests, NAVAIR reportedly envisions the possibility of deploying the SA-60 on borders and coastlines, and utilizing it to conduct military force protection and logistics operations.
Techsphere Systems International manufactures the SA-60. Cyber Aerospace, a Proxity Digital Networks subsidiary, holds the exclusive global government marketing rights to the SA-60 and other Techsphere advanced spherical airship designs. Sierra Nevada Corporation has entered an exclusive partnership agreement to provide technology, payload, and sensor integration for government and commercial end users.
About Proxity Digital Networks, Inc.
Proxity Digital Networks, Inc. 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. 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 On Alert Systems, Inc.
On Alert Systems, Inc. is a wholly owned subsidiary of Proxity Digital Networks. On Alert plans to acquire the marketing rights to offensive and defensive security technologies supporting a full line of interoperable protection disciplines. By acquiring a homogeneous Suite of Security Products through teaming and licensed marketing and distribution agreements, the Company plans to introduce the new product line to multiple markets. Though exclusive global licenses, On Alert has also licensed a developing system that uses acoustical and ultrasonic means to sense and evaluate activity pertinent to law enforcement, security and defense industries. Their prospective clients all share the need for enhanced security, mobile communication platforms and increased surveillance capabilities. http://www.onalertsystemsinc.com
About Cyber Aerospace Corp.
Cyber Aerospace Corp. is assembling a team of military experts, aerospace and composite engineers to design and build a new generation of airships. Cyber Aerospace plans to market the airships as multi-use platform vehicles deployed in surveillance and communication operations, and capable of target acquisition. Cyber Aerospace will provide engineering support and systems integration for the airships. Proxity's subsidiaries will market the airships to various branches of the U.S. government and allies. http://www.cyberaerospace.com
About Techsphere Systems International, LLC
Techsphere Systems International, LLC is a manufacturer of low, mid and high altitude airships. Working in concert 21st Century Air Ships of Canada, the Company will build unique airship designs. The current airship design holds the world altitude record. http://www.techspheresystems.com
About Sierra Nevada Corporation
Sierra Nevada Corporation (SNC) is a fast-growing research, development and manufacturing company that provides leading-edge Intelligence, Surveillance, Reconnaissance and Network-centric communications technologies on multiple platforms ranging from soldier-based to small and large manned/unmanned aircraft. SNC also specializes in the design and production of defense electronics products in the fields of Instrumentation, Test and Training (ITT), Electronic Warfare (EW), Air Traffic Control and Automatic Landing Systems (ATCALS), and Unmanned Air Vehicles (UAVs). SNC is a $200M+ company with a corporate office based in Reno, Nevada and does business with all branches of the US DoD, as well as with certain Government agencies. http://www.sncorp.com
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.
About On Alert Systems, Inc.
On Alert Systems, Inc. is a wholly owned subsidiary of Proxity Digital Networks. On Alert plans to acquire the marketing rights to offensive and defensive security technologies supporting a full line of interoperable protection disciplines. By acquiring a homogeneous Suite of Security Products through teaming and licensed marketing and distribution agreements, the Company plans to introduce the new product line to multiple markets. Though exclusive global licenses, On Alert has also licensed a developing system that uses acoustical and ultrasonic means to sense and evaluate activity pertinent to law enforcement, security and defense industries. Their prospective clients all share the need for enhanced security, mobile communication platforms and increased surveillance capabilities. http://www.onalertsystemsinc.com
About Cyber Aerospace Corp.
Cyber Aerospace Corp. is assembling a team of military experts, aerospace and composite engineers to design and build a new generation of airships. Cyber Aerospace plans to market the airships as multi-use platform vehicles deployed in surveillance and communication operations, and capable of target acquisition. Cyber Aerospace will provide engineering support and systems integration for the airships. Proxity's subsidiaries will market the airships to various branches of the U.S. government and allies. http://www.cyberaerospace.com
About Techsphere Systems International, LLC
Techsphere Systems International, LLC is a manufacturer of low, mid and high altitude airships. Working in concert 21st Century Air Ships of Canada, the Company will build unique airship designs. The current airship design holds the world altitude record. http://www.techspheresystems.com
About Sierra Nevada Corporation
Sierra Nevada Corporation (SNC) is a fast-growing research, development and manufacturing company that provides leading-edge Intelligence, Surveillance, Reconnaissance and Network-centric communications technologies on multiple platforms ranging from soldier-based to small and large manned/unmanned aircraft. SNC also specializes in the design and production of defense electronics products in the fields of Instrumentation, Test and Training (ITT), Electronic Warfare (EW), Air Traffic Control and Automatic Landing Systems (ATCALS), and Unmanned Air Vehicles (UAVs). SNC is a $200M+ company with a corporate office based in Reno, Nevada and does business with all branches of the US DoD, as well as with certain Government agencies. http://www.sncorp.com
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.