EOIR, JRAD to work with U.S. Navy of NBC detection

Published 9 February 2006

Two companies join with the U.S. Navy’s research unit to develop better detection sensors of chemical, biological, and nuclear materials

Woodbridge, Virginia-based EOIR Technologies, a wholly owned subsidiary of Technest Holdings (OTC BB: TCNH.OB), has entered into a partnership with Joint Research and Development (JRAD) to provide engineering and testing services for the Chemical, Biological, and Radiological (CBR) Defense (B50) Division of the Naval Surface Warfare Center (NSWC) in Dahlgren, Virginia. Northern Virginia-based JRAD provides research and development services as well as technology testing and validation. EOIR and JRAD will concurrently support the B50 Division. This is not the first time EOIR and JRAD have worked together for the U.S. Navy, as both have done work with the Marine Corps Systems Command (MCSC).

The two organizations will work on nuclear, biological, and chemical defense (NBCD) systems and protection equipment for the Joint War Fighting community. What is important here is that this project will allow the two companies to promote their different products and services.

In January 2006 EOIR added JRAD as a team member on the SeaPort Enhanced (SeaPort-e) Multiple Award Contract (MAC). The SeaPort-e contract, an indefinite delivery/indefinite quantity multiple award contract estimated by the U.S. government to generate $5.3 billion in procurement dollars per year through orders issued to multiple contractors.

Technest Holdings’ fiscal first quarter ended 30 September 2005, with sales revenues of $19 million. As of 31 December 2005 the company had funded backlog of $51.4 million.

-read more in this news release; see details of EOIR’s previous contract, the SeaPort-e, at company Web site