SEATTLE, 8 March 2006. TechAlt Inc., has announced that its operating subsidiary, TechAlt Securities Technologies, and Singlestep Technologies Inc. signed a letter of intent for the co-development and sale of homeland security applications.
The Singlestep technology base will be modified and ported for inclusion on both the TechAlt physical security and the TechAlt communication platforms, which TechAlt expects to launch during the first half of the current fiscal year.
For customers within the physical security, public safety, and defense markets, Singlestep looks to enable a level of communications intelligence that surpasses current capabilities in the industry. The technology driving this communications intelligence provides the potential to manage, prioritize, and route audio communications, direct video streams from thousands of sources, and make correlations and decisions from millions of events from sensor data, biochemical readings, alarms, and access control systems.
TechAlt and Singlestep envision that their co-development will result in products that can be tailored to the rules that are created and defined by the individuals who know the customer requirements the best -- the fire or police captain, the security director, or the officers in the field.
Under the proposed agreement, Singlestep, a developer of infrastructure technology data integration and automation solutions, will license technology to TechAlt for use within the homeland security markets, including the public safety, transportation, defense, building systems, and physical security markets. TechAlt, a provider of communication and security technologies, will work with Singlestep to develop and market enterprise solutions for TechAlt's future product lines.
The companies expect to introduce products, stemming from this joint partnership, to the homeland security market in the second quarter of 2006.
