SOURCE: AXcess News

May 26, 2005 06:00 ET

Homeland Security Budget a Windfall for Newer Technologies

WASHINGTON, DC -- (MARKET WIRE) -- May 26, 2005 -- AXcess News has released a story covering the congressional budget approval for the Department of Homeland Security that paves the way for state-of-the-art technology providers.

The House of Representatives Homeland Security budget bill calls for creating a high-level cyber security position at the Homeland Security Department.

The Department of Homeland Security (DHS) is slated to receive $34.2 billion for its 2006 fiscal budget after House of Representative lawmakers voted last week 424-to-4 in favor of the bill.

The DHS is budgeting for improved methods of sharing information between federal, state and municipal agencies with technology at the forefront of those budget considerations, which will benefit many technology companies who can demonstrate applications that meet federal and state government needs.

The bill makes cyber security a greater priority for government.

In related news, a small security company from Irving, Texas, caught the media's attention today after announcing that they had licensed the rights to a handheld explosives detection device that can locate explosives. The license was granted by Yuri Markov, a noted Bulgarian scientist that invented the bomb-sniffing technology.

The explosive detection device, aptly called the Sniffex Version 1.1, so far has proven to be able to sniff out bomb materials through concrete and wooden walls, making it extremely handy for checking vehicles at a safer distance. But what caught our attention in bringing this state-of-the-art technology to our readers was that Markov had initially developed the device in conjunction with Bulgaria's military and then licensed the technology to Sniffex, Inc. (OTC: SNFX) for commercial applications. So as newer technology goes in the explosive device detection arena this may be as good as it gets.

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