SOURCE: OptiCon Systems, Inc.

October 07, 2009 08:00 ET

OptiCon's PowerCon Systems to Apply for Multiple Federal Stimulus Grants

PowerCon to Apply for Up to $30M in Grants

ST. PETERSBURG, FL--(Marketwire - October 7, 2009) - OptiCon Systems, Inc. (OTCBB: OPCN), a global provider of OSS (Operational Support System) software applications for Communications, Telecommunications and the Power companies, announced today that the executives from PowerCon Systems returned from a recent trip to Washington, D.C. with increased enthusiasm and determination after meeting with several members of the House and Senate and their respective committees. The goal was to investigate and identify funding opportunities under the 2009 American Recovery and Reinvestment Act (commonly referred to as the Stimulus).

Opportunities have been uncovered within the Department of Energy, in the Offices of Energy Efficiency and Renewable Energy (EERE), Electricity Delivery & Energy Reliability, and Science, as well as the Department of Commerce, in the Broadband initiatives from the Rural Utility Service and the National Telecommunications Information Administration.

PowerCon Systems' plans for the stimulus funding are focused on the deployment of development and programming teams to complete product development for Intelligent Power Distribution, Smart Meters and Secure Power Grid software solutions for Power Companies and the Homeland Security.

While in Washington, D.C., they also interviewed several prestigious firms to direct the application process. "We are very pleased to announce that we will be finalizing agreements with several prominent Washington firms in the coming weeks to direct and guide our stimulus applications through the awards process," said Acting CEO, Sam Talari.

About OptiCon Systems

OptiCon Systems, Inc., through its subsidiary, provides Wireline, Wireless and fiber optics network management solutions offering proprietary state-of-the-art software, professional services and integrated systems. OptiCon Systems have been in use by companies seeking the best solution in managing their networks for the past 10 years. The company's software solutions automate all aspects of the physical and logical layer management, fault detection and delivery of information. The scalability of the software systems permits the Company to target large communications and telecom companies servicing millions of global customers to medium-sized companies managing a single facility. Besides OptiCon Network Manager (ONMS), the company will soon offer PowerCon Energy Systems (PES) that is designed to manage large power networks and facilities for power and alternative energy companies globally. The PES/ONMS isolates (power/fiber) cable cuts, breaks, and faults, and service degradation and other power and optical events to within plus or minus five feet of the event, and produces a global positioning system location for the outage to an approximate five foot section of cable.

For more information, please visit www.opticonsystemsinc.com.

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