CoConnect Announces Issuance of MOU With Homeland Defense Wireless Contractor Phoenix Systems Corp. For the Purchase of Wireless Product Assets
Posted on: Monday, 21 November 2005, 12:00 CST
SALT LAKE CITY, Nov. 21 /PRNewswire-FirstCall/ -- CoConnect, Inc. (OTC Bulletin Board: CNTI) announced that on Friday, November 18, 2005 it issued a Memorandum of Understanding to Phoenix Systems Corp. of Rochester, NY for their Phoenix Systems Engineering and Phoenix Systems Products Group breakthrough and patent pending intellectual property assets and rights on further development of certain military and commercial network and wireless communication technologies.
"There is a new wind in the air for CoConnect and it's blowing in the direction of the very rich Homeland Defense space in wireless technology," said CNTI CEO Josh Eikov.
CoConnect will commercialize several of Phoenix's products that all focus on wireless connectivity devices and software products. These products might include products enhancing wireless connectivity, a wireless intrusion detection system and products optimizing wireless communications for secure multimedia applications. The first product will focus around a network connectivity adaptor that will allow wireless devices of different protocols to communicate over any network using PC card technology.
"The opportunity to make the transition from government to commercial is there and when CNTI showed us their capability to help us, we saw a balanced blend that we couldn't deny. We are very excited about the future prospects," said Mike Franco, President of Phoenix Systems.
The terms of the deal are not disclosed at this time. About Phoenix Systems Corp.
Phoenix Systems Corporation ("PSC") is highly skilled in project management and technology solutions. Phoenix is project proven and fully capable of satisfying the SBA goals of government technology contractors. Phoenix serves specific technology niches in the space of secure wireless and wired communications, which makes it a uniquely talented force in the IT market. Management skills and technology resources enable the delivery of services supporting research, integration, testing, maintenance and training for secure communications including data security, converged voice, video over LAN, MAN, WAN, and WLAN, Cellular, PCS networks. Phoenix Systems Engineering Corporation ("PSEC") owns and operates a Secure Wireless Multimedia Laboratory in Columbia, Maryland.
The PSEC Wireless Laboratory has been established to investigate, develop, and validate concepts to support secure communications involving current and future wireless devices. Challenges of interest for which PSEC is pursuing work include: Secure Wireless LANs (SWLANs), security protocols and architectures. Phoenix Systems Products Group ("PSPG") is in development and will be a subsidiary of PSC. Methodologies from PSC research projects will be transposed to PSPG for prototyping and eventual commercialization.
About CoConnect, Inc.
CoConnect is a wireless information and technology company that works with global network and connectivity products to commercialize and develop technology in transition from public sector companies into the commercial world.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
For more information, contact: At the Company: At OTC Financial Network: Dave Davis Pres/CFO Geoffrey Eiten, Investor Relations 801-266-9393 781-444-6100 ext. 613 dave@choicetelephone.com geiten@otcfn.com http://www.coconnect.com/ http://www.otcfn.com/cnti
CoConnect, Inc.
CONTACT: Geoffrey Eiten, Investor Relations at OTC Financial Network, +1-781-444-6100, ext. 613, geiten@otcfn.com; or Dave Davis, President/CFO ofCoConnect, Inc., +1-801-266-9393, dave@choicetelephone.com
Web site: http://www.coconnect.com/http://www.otcfn.com/cnti
Source: PRNewswire-FirstCall
Related Articles
- Info Security Products Guide Names Lancope's StealthWatch System Winner of Three 2009 Global Excellence Awards in Virtual Security, Network Visibility and Network Behavior Analysis
- Enterasys Announces Secure Networks for Virtual Data Centers
- Green Hills Software Delivers Complete Product Suite for Cavium Networks' OCTEON(TM) Multi-Core MIPS64 Processor Family
- East Georgia College Delivers Secure Wired and Wireless Network Access to Students and Faculty With Enterasys Secure Network
- VDSI and Helicomm Team to Provide Mine Safety Wireless Tracking and Communications Systems
- Crossbeam Systems Secures Networks for More Than 800 Million Mobile, Broadband and Telephony Subscribers Worldwide
- Enterasys Secure Network Deployed By Travelex, the World's Largest Foreign Exchange Dealer
- ConSentry Networks Joins Microsoft's Network Access Protection Program; ConSentry's Secure LAN Controller(TM) Enforces NAP Policies With In-Line, Secure Networking System
- PD-Rx Pharmaceuticals of OKC Offers Online Tracking System Called Pedigree Security Network
- De Beers Scales Up 10-Gigabit Ethernet Technology From Enterasys; World's Largest Diamond Mining Company Completes Standardization on Enterasys' Secure Networks Solution
 |
 |
User Comments (0)
RSS Feeds