SOURCE: Cyber Defense Systems Inc.

March 06, 2006 10:00 ET

Cyber Defense Chosen as Sub-Prime on Navy UAV Development Contract

ST. PETERSBURG, FL -- (MARKET WIRE) -- March 6, 2006 -- Cyber Defense Systems, Inc. (OTC BB: CYDF), a designer and developer of next-generation unmanned aerial vehicles (UAVs), is pleased to announce that it has been chosen as Sub-Prime Contractor on a Navy UAV development contract, that if fully funded would be valued at about $800,000 in revenues to the Company over the next twelve months.

On this UAV development contract, Cyber Defense Systems is the sub-prime contractor to WinTec Arrowmaker, Inc. of Fort Washington, Md. WinTec has been awarded the $5.05 million prime contract on a cost-plus-fixed-fee indefinite-delivery/indefinite-quantity contract basis. Under this contract, WinTec, with Cyber Defense as sub, will provide technical and engineering services in support of the Naval Air Warfare Center Aircraft Division's (NAWCAD) Special Communication Requirements Division.

The scope of this contract includes concept evolution, design, development, integration, test and evaluation, maintenance, logistics, and life-cycle support of Navy, Army, Air Force, Joint Services, Marine Corps, and other agency communication-electronic platforms, equipment, systems, subsystems, and unmanned vehicle systems. Most of the work on this contract will be performed in Tampa, Fla. (about 82 percent), with the remaining work to be completed at NAWCAD, Patuxent River, St. Inigoes, Md.

Mr. Billy Robinson, CEO of Cyber Defense, stated, "We are clearly very pleased to have won this UAV development contract with WinTec for NAWCAD. We have made major progress in the development of our UAV technology, and this kind of a win for us gives a strong signal that the hard work and dedication of our people is being recognized."

Mr. Robinson commented further, "Our products are designed to meet requirements of many applications, including possible military, law enforcement and growing commercial uses. In our continuing efforts to bring more attention to our UAVs, so as to become an accepted provider to this market, we will be giving a series of flight demonstrations and be attending U.S. and International trade show exhibits."

Mr. Johnny Pantages, President of WinTec Arrowmaker, Inc., commented, "To win this Navy contract is a major step forward for our company and our partner in this endeavor, Cyber Defense and their talented folks. We are now a team positioned to move forward on this UAV program, and look to many more such projects with Cyber Defense's fine organization."

About Cyber Defense Systems

Cyber Defense Systems, Inc. is designing and building a new generation of UAVs. Cyber Defense is currently marketing airships and their CyberBug™ UAVs to various branches of the U.S. government and U.S. allies as multi-use platform vehicles capable of deployment in surveillance and communication operations. Cyber Defense Systems, Inc. (OTC BB: CYDF)

About Techsphere Systems International

Techsphere Systems International, Inc., a wholly owned subsidiary of Cyber Defense located in Atlanta and Columbus, GA, is the manufacturer of low, mid and high-altitude airships. Together with their teaming companies, Techsphere will design and build unique airship platforms for use in many areas including surveillance, the military and wireless communications. The current spherical airship design holds the world altitude record at over 20,000 feet.

About WinTec Arrowmaker, Inc.

WinTec, a Service-Disabled, Veteran-Owned Small Business, was founded by Mr. Johnny W. Pantages, President and CEO, and incorporated in 1991. Our corporate headquarters is located in Fort Washington, MD. The company has steadily grown to 140 employees with annual revenues of $17.9M. WinTec's mission, since inception, has remained constant -- solve operational and technical problems; apply emerging technologies; and employ innovative applications. The foundation of WinTec's business has been assisting Government managers in developing new technologies for the sustainment, mobility, communications, and training of Special Operations Forces (SOF), Explosive Ordnance Defeat and Disposal, national level combating terrorism organizations, and other special mission organizations.

WinTec has been involved with technology development and expansion in support of U.S. Special Operations Command (USSOCOM), Air Force Special Operations Command (AFSOC), SOF, and the national counterterrorism community for more than a decade, through its long-standing and continuing support of the Technical Support Working Group (TSWG). Similarly, WinTec has provided management and technology program management support to the Combating Terrorism Technical Support Organization (CTTSO) since its establishment in 2001.

Forward-Looking Statements:

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.

Contact Information

  • Contact:

    Cyber Defense Systems, Inc.
    Techsphere Systems International, Inc.
    Billy Robinson

    WinTec Arrowmaker, Inc.
    Jerry Uttaro
    Vice President
    Office: 301.203.0774

    Mike Bivens
    Director of Operations
    Office: 301.203.0774

    Osprey Partners
    Mike Mulshine
    Office: 732-292-0982