Defense Technology Systems Subsidiary Signs Agreement With Ambital Solutions for Distribution of Proprietary RFID Solution in Israel; Company Continues to Expand RFID Product and Marketing Plan
Posted on: Thursday, 28 July 2005, 12:00 CDT
Defense Technology Systems, Inc. (OTCBB:DFTS) announced today that its proprietary suite of Radio Frequency Identification (RFID) products, software and services will be distributed in Israel by Ambital Solutions, an Israeli-based wireless technology systems integrator. DCI, a Defense Technology majority-owned subsidiary, entered into a distribution agreement with Ambital Solutions under which Ambital will include DCI's RFID products, software and services along with its own location-based applications on RFID, short range wireless (Wi-Fi and Bluetooth), cellular and GPS infrastructures.
Defense Technology recently announced plans to release its RFID system called "RFID Foundry" by the end of the third quarter, 2005. The RFID Foundry is a complete sensor and RFID-based automatic sensing, identification and tracking system designed for commercial and military customers that require the rapid deployment of mission-critical positive identification and tracking capabilities. The RFID Foundry system utilizes off-the-shelf RFID readers and sensors with Sun Microsystems RFID software embedded in DCI's RFID application software.
"Ambital is providing solutions to a region with a substantial demand for the functionality our RFID products provide," commented Bud Maciekowicz, President of DCI. "We have spent a good deal of time in the region presenting our capabilities, developing business relationships, and building confidence that a significant demand exists for our products, software and services. We are confident that Ambital is the right partner for the region."
Defense Technology Systems has recently implemented a revitalization and redirection plan leveraging the Company's experience in providing digital communication infrastructure solutions to Fortune 1000 companies to expand into providing overall Homeland Security solutions to major metropolitan municipalities. To accelerate the plan, Defense Technology acquired a majority interest in DCI. Through this acquisition, Defense Technology has a trailing twelve month revenue run-rate of $5 million. Management plans to build a comprehensive Homeland Security product portfolio through an ongoing acquisition campaign geared to transform Defense Technology into a significant participant in the Homeland Security and Defense sectors.
About Defense Technology Systems, Inc. :
Defense Technology Systems, Inc. is an international provider of security solutions focused on the Homeland Security and Defense industries. The Company offers a broad portfolio of security-related products, including ballistic glass, video surveillance, infrastructure security and associated security systems. The Defense Systems team, working in collaboration with its partners, will design, develop, manufacture, install and market specialty products, equipment, and systems for the safety and security needs of all sectors of the domestic and international marketplace. In addition, DFTS recently acquired a majority interest in DCI Corporation (www.dci-corp.com), a leading edge technology company with over 15 years of experience in engineering specialized hardware and software solutions when commercial-off-the-shelf (COTS) products do not fulfill the critical requirements of enterprise, military or government organizations. DCI's experience has earned them the reputation as a respected Homeland Security solution provider with a broad portfolio of innovative proprietary technologies.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
For more information on Defense Technology Systems, Inc. visit: www.DefenseTechnologySystems.com
Source: Business Wire
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