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Cyber
Defense to Present at San Diego NIBA Conference
ST. PETERSBURG, Fla., May 18, 2005 (BUSINESS
WIRE) -- Proxity, Inc. (Pink Sheets: PRXT) and its subsidiary
Cyber Defense Systems, Inc. (OTCBB: CYDF) announce COB/CEO
Billy Robinson will present at the National Investment Banking
Association Conference in San Diego on Thursday May 19 and
Friday May 20. Mr. Robinson will discuss the growth of the
Company as they market the CyberBug, CyberScout and AeroSphere
SA-90 to military, law enforcement, homeland defense, and
commercial users.
http://www.nibanet.org/index.php?menu=1
CyberBug(TM)
The CyberBug(TM) is a scalable 2.6 to 12 pound
unmanned UAV aircraft, which can be deployed for total surveillance
of an area. The CyberBug(TM) does not require extensive instruction,
technical backup or pilot training to operate. Capable of
rapid deployment, it can be assembled by an individual and
launched in 30 seconds from remote areas, and easily recovered
in winds up to 20 MPH. The basic unit includes an autopilot,
data link with GPS overlay, a day/night camera, and offers
options that include Infra Red view. The CyberBug(TM) has
two basic uses: short-term flights to operate surveillance
in areas of concern using high powered day and night vision
for dangerous situations, and long-term flights for the routine
surveillance of patrol areas up to four hours. Suggested retail
price starts at $8,500.
CyberScout(TM)
The current CyberScout(TM) prototype has evolved
into a proven UAV capable of running on gas while carrying
a one-pound payload. The engineering team has been testing
a micro turbine and completed the required analysis to select
a suitable phase two power plant. The next generation CyberScout(TM)
is expected to weigh approximately 21 pounds empty, be powered
by three of the new power plants and carry a two to three
pound payload.
Aerosphere SA-90
Cyber Defense has the exclusive global government
and military marketing and non-exclusive commercial and telecommunications
rights to Techsphere Systems International LLC Spherical and
Semi-spherical airships including the SA-90 currently in development.
The SA-90 platform is being designed with significant payload
capacity suitable for stationary, long endurance, and unmanned
operations at an altitude of 20,000 feet MSL. This altitude
provides an ideal platform for military, intelligence, homeland
security and wireless communications. Unlike satellites, the
airship can be easily retrieved. Payload packages can be recovered
and upgraded for further use.
About Cyber Defense Systems
Cyber Defense Systems, Inc. is designing and
building a new generation of UAV''s. Cyber Defense also has
the global government and military marketing rights to Techsphere
Systems International LLC Spherical and Semi-spherical airships.
Cyber Defense is currently marketing the airships and Cyber''s
CyberBug(TM) UAV''s 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. http://www.cyberdefensesystems.com
About Proxity
Proxity, Inc. is a developmental holding company
specializing in the deployment and marketing of security protection
technology and government contract fulfillment. With 18,750,000
shares in Cyber Defense, Proxity is Cyber''s majority shareholder.
Proxity seeks to acquire and develop security technology.
Proxity plans to enter into teaming and exclusive and nonexclusive
marketing and distribution agreements with products developed
for commercial, military and homeland defense. http://www.proxity.com
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.
SOURCE: Cyber Defense Systems, Inc.
CONTACT: Investor Contact:
Equitilink LLC
Andy Arms, 877-788-1940
International or local: 858-824-1940
www.equitilinkpr.com
or
Media Contact:
Emerson Gerard Associates
Jerry Jennings, 561-881-7318
mediareply@emersongerard.com
www.emersongerard.com
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