BOSTON, Dec. 11, 2006 (PRIME NEWSWIRE) -- Technest Holdings, Inc. (OTCBB:TCNH), a defense and homeland security company, announced today that its wholly owned subsidiary, EOIR Technologies, was selected by the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD) to provide engineering services and support to the U.S. Department of Defense's Humanitarian Demining Research and Development Program ("HD R&D").
EOIR will aid the DoD HD R&D in designing and testing new technologies that improve the safety and efficiency of demining. The HD R&D began in 1994 and focuses on the research and development of workable prototypes that reduce the time and cost associated for mine and minefield detection and neutralization while enhancing operator safety. The HD R&D deploys equipment to more than 25 countries worldwide. Current detection technologies developed under the project involve improved electromagnetic (EM) detection, various forms of ground penetrating radar (GPR), infrared cameras, chemical detection of explosive vapor from buried landmines and an aerial sensor platform for wide-area detection.
Larry Bramlette, Division Director for EOIR Technologies, stated, "We look forward to working with the Department of Defense in meeting the needs caused by hazardous land mines by developing a more efficient technology solution that addresses the issue of hazardous land mines left behind from previous wars. This task is aimed at limiting the massive humanitarian and environmental damage that land mines create. Our effort in facilitating the development of new technology that improves the safety and efficiency of demining in conjunction with the U.S. Army is carried out through our existing omnibus NVESD contract."
Bramlette continued, "The issue of demining is particularly important to U.S. armed services, especially when military units deploy for peacekeeping and stability operations. The exposure to hazardous landmines is at its peak immediately following the cessation of fighting. At this time soldiers need the means to detect and clear all landmines in the affected war zone."
Additionally, EOIR Technologies received $1.4 million in additional incremental funding on existing delivery orders for engineering support under its NVESD omnibus contract. This increase in funds brings the total funding for the performance award year, which was awarded on July 19, 2006, to $118 million and the total funds for this contract to $267 million.
About EOIR Technologies, Inc.
EOIR Technologies, Inc. has been providing innovative sensor engineering products and services to customers within the Department of Defense for nearly 25 years. For more information, please visit the company's website at http://www.eoir.com.
About Technest Holdings, Inc.
Technest Holdings, Inc. is a provider of: advanced remote sensor systems, chemical detectors, intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest 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. For more information, please visit the company's website at http://www.technestholdings.com.
Technest Holdings, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Technest Holdings compensates the provider.
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