Athlone Global Security Corporation

Athlone Global Security Corporation

July 31, 2008 09:00 ET

Athlone Global Security Completes New Round of Investment in DefenSoft, Ltd. With Affiliate of Goldman Sachs Asset Management

ARLINGTON, VIRGINIA--(Marketwire - July 31, 2008) - Athlone Global Security Corporation, an investment company specializing in homeland security technologies, announced today the completion of a new round of investment in Israel-based, DefenSoft, Ltd. An affiliate of Goldman Sachs Asset Management also made an investment in the current round.

Headquartered in Yokneam, Israel, DefenSoft was established in 2002 to bring modeling and simulation tools proven by the founders of DefenSoft in other markets, for security system planning, design, performance analysis and visualization. The toolkit is used by operational security planners, analysts and engineers to automatically plan and optimize complex security designs for protecting large outdoor areas, like country borders, military bases, airports, seaports, utilities, industrial complexes, and other critical infrastructure sites using proprietary modeling and simulation techniques.

The DefenSoft security planning toolkit eliminates the guesswork for determining sensor types and heights, sensor and communications tower locations, and response force locations, while reducing security project risk, costs and planning times. In the end, planners, analysts and engineers have the confidence that the security system deployment planned is the optimum - lowest cost with required coverage and accuracy.

DefenSoft established its subsidiary in the U.S. in January 2008 which has since secured two contracts. Each contract is from a high-level client known throughout the U.S. and abroad. Shay Peretz, President and CEO of DefenSoft is proud to have had the support to make this happen so early in the start-up of a new business. Both contracts are dual purpose.

The first contract was awarded for the evaluation of existing and future security deployments at an international airport. It will also be used to evaluate the cost-effectiveness of using the DefenSoft toolkit as compared with existing tools and methodologies used at airports. The second contract is for the evaluation of existing communication infrastructure in a remote area, consisting of 50 towers, and the planning for five additional towers. It will also be used to evaluate the toolkit cost-effectiveness for large open areas.

About DefenSoft Planning Corporation

DefenSoft is one of eight current companies in the Athlone Global Security Corporation portfolio that specializes in homeland security technologies and solutions. The company's next-generation software significantly enhances the planning processes required to implement defense arrays and surveillance systems accurately and effectively. DefenSoft platforms help protect vulnerable and strategic assets where geographical terrain and critical infrastructure require impenetrable security against breach threats. DefenSoft's technological edge lies in its interdisciplinary "think tank" team of engineers and planners with operational experience as well as management experts specializing in homeland security, defense, 3D graphics, GIS and civil engineering.

About Athlone Global Security (www.athlonegs.com)

Headquartered in Arlington, Virginia, Athlone Global Security Corporation is duly incorporated under the laws of Delaware (AGS Corp.). Athlone Global Security Corporation focuses on the homeland security market and emerging homeland security technologies. AGS specializes in technologies that aid in information security, prevention of unauthorized access, threat detection and protection of critical infrastructure.

Contact Information

  • Athlone Global Security Corporation
    Mr. Arik Nir, Chief Operating Officer
    (703) 465-5111 or Direct: (703) 465-5104
    or Mobile: (571) 275-9903
    Email: anir@atlngroup.com
    Website: www.athlonegs.com