SOURCE: Universal Communication Systems, Inc.

April 04, 2005 09:42 ET

Universal Communication Systems, Inc. Subsidiary Millennium Electric T.O.U. Limited Signs Strategic Collaboration Agreement With the Technion R&D Foundation Limited, Israel's Leading R&D

Institute

Companies to Collaborate for European Commission R&D Projects

HERZELIA, ISRAEL -- (MARKET WIRE) -- April 4, 2005 -- Universal Communication Systems, Inc. (OTC BB: UCSY) subsidiary Millennium Electric T.O.U. Ltd company president Ami Elazari announced today that the company has entered into and signed a unique and important Strategic Collaboration Agreement with the Israeli "Technion" based in Haifa to co-operate jointly in research and development activities in the fields of energy, water treatment and environmental issues.

The strategic collaboration involves amongst other matters, common proposals in the submission to relevant calls in the EC (European Commission) Framework Program, and initiation of Programs within the Israeli Industrial Academic Research Framework. The Agreement was concluded with Alex Gordon, the head of the liaison office of the Technion R&D Foundation Ltd.

The company has submitted an application for funding in the fields of energy, water extraction from air, as well as water treatment, and other environmental projects. These applications and submissions have been made to the Commission for the European Community, (http://europa.eu.int) in the framework of the Cooperative Research Program, for ongoing development within the framework of the FP6, and FP7 European Commission R&D projects.

The projects, in a range of Euro 3.5 Million, also includes several other European participants and will once again be coordinated by Millennium Electric, the exclusive holders of the International Patents, as well as the relevant Technologies and other Applications.

Ami Elazari, President of Millennium Electric, stated: "The objective of this collaboration agreement is to further develop our world-class Millennium brand of ideas, products and patented technologies, and continue to move in the direction of the solar industry which is Building Integrated Photo-Voltaic Energy Production Systems, by developing a new generation of advanced PV Solar Panels that will be capable of being integrated into any type of building, to serve as different structural elements whether as roof tiles, windows or even facades. To date, over 600 such Systems have been successfully installed in Israel and around the world and have been working successfully for over 13 years. This new collaboration agreement with the Haifa Technion and the European Commission will help move this technology into the next phase, and bring the next generation of 'Green Energy' to the world industry and beyond."

Alex Gordon Head of the Technion liaison office for R&D stated in a letter addressed to Millennium, that the collaboration agreement includes common proposal initiated in the Israeli Industries and Academic institutes and that he looked forward for fruitful collaboration with Millennium Electric.

Mr. Elazari continued: "This agreement is a major endorsement of our company, its patents, its products and Solar technology systems. The PV Technologies and their applications are in a class of their own, with no comparable competitor in the marketplace today. We believe that this new major agreement will open the door for us to many new Solar Energy markets."

About Universal Communication Systems, Inc.

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About Millennium Electric T.O.U. Limited

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Safe Harbor Statement

Caution Concerning Forward-Looking Statements by Universal Communication Systems, Inc. This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and factors affecting the integration of the businesses of Universal Communication Systems, Inc. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information

  • Contact:

    Universal Communication Systems, Inc.
    Miami Beach
    Rolando Sablon
    305/672-6344
    Company web address: http://www.ucsy.com
    For further information email us at: info@ucsy.com