Advancing Technology through Entrepreneurship

FOUR NEW COMPANIES ADMITTED TO CIC: HOMELAND SECURITY BUSINESS INCUBATOR RECRUITS LEADERS IN KEY TECHNOLOGY SECTORS

Annapolis, MD (May 6, 2004) - They help government agencies share digital images at unprecedented speed; develop software that allows the Coast Guard and Navy to build vessels far more efficiently; improve the training of mission-critical intelligence analysts; and provide a better way for the military and first responders to locate and track moving people and equipment. They are the newest group of clients at the Chesapeake Innovation Center (CIC), the nation's first business incubator for the homeland security high technology sector.

"These companies are leaders in their fields and represent some of the most exciting emerging technologies in the homeland security arena. We look forward to helping them achieve their business objectives, which will enhance our nation's technological edge while developing the economy of Anne Arundel County and the State of Maryland," said John Elstner, CEO of the CIC.

The newly admitted companies, which passed a stringent admissions process for entry into the CIC, are:

Atlantec - a global software and consulting company with offices in Annapolis, MD, and Hamburg, Germany. Atlantec provides affordable solutions for enterprises engaged in large-scale manufacturing such as shipbuilding. These solutions enable companies to integrate and manage their business processes, as well as collaborate with partners and suppliers. The company's initial market focus is on shipyards, design firms, and marine suppliers that provide vessels to the Navy and Coast Guard. Atlantec has received several research grants from the Office of Naval Research and the National Shipbuilding Research Program.

AXS Technologies - an international software developer that provides unprecedented image access speed to those who store, share and view digital imagery. AXS overcomes the limiting factors in effective collaboration and dissemination of large imagery and data sets among homeland security agencies and the Department of Defense. Combining its ability to achieve super computer-like performance from commodity PCs, servers and storage with standard Internet and network capabilities, AXS allows anyone, anywhere to view any size image in seconds.

Cognitive Path Systems LLC (CPS) - specialists in the development and production of customized online and online-enhanced delivered dynamically adaptive training platforms and simulations. The primary focus of CPS is supplying the company's unique and proprietary training methodologies and application tools to serve mission-critical training needs within the U.S. defense, intelligence and homeland security industries.

Point2Point Technologies - designer and developer of radio frequency (RF) based locating and tracking products. Point2Point's proprietary solutions are more efficient, easier to operate and less expensive than any solutions available today. Unlike other products, P2P's real-time location technology is ideal for tracking and locating highly mobile targets, such as humans. It requires no fixed or permanent infrastructure, instead using portable base units and tags. P2P technology can be quickly and easily deployed, works both indoors and outdoors, and performs well in inclement weather, hostile environments -- such as smoke or sandstorms -- and in difficult terrain.

The CIC is a public-private partnership supported by the Anne Arundel Economic Development Corporation (AAEDC) in partnership with the National Security Agency, Innovent Nokia, ARINC, Piper Rudnick, LLP, Whiteford Taylor and Preston, LLP, and Sturn Wagner Lombardo & Company. It now serves twelve high technology companies with plans to increase that number substantially in the near future in response to strong demand for its services. The CIC helps client companies achieve success by providing them with strategic business assistance, mentoring, market intelligence, flexible office space and exposure to networks of potential investors, customers and strategic partners.

The CIC is now accepting applications from companies focused on the homeland security, information technology, and/or communications sectors. More information is available at www.cic-tech.org or by contacting John Elstner at jelstner@cic-tech.org, 410-224-2030.