Cyber Defense Systems Announces Merger with Techsphere Systems International

UAV NEWS

Proxy's SA 76 spherical airship.

St Petersburg FL (SPX) May 25, 2005
Cyber Defense Systems has announced that Techsphere Systems International has signed an agreement granting Cyber Defense the exclusive right to merge a wholly owned subsidiary of Cyber Defense into Techsphere Systems.

Techsphere Systems will be the surviving corporation and become a wholly owned subsidiary of Cyber Defense.

Techsphere will continue to manufacture, sell and lease airships presently being designed and manufactured by Techsphere in Columbus, GA.

Cyber Defense will continue to work with Techsphere on the sales and marketing of its Airships as well as the marketing and development of Cyber Defense products.

Cyber Defense Systems is an operating subsidiary of Proxity.

Billy Robinson, CEO of Cyber Defense Systems stated, "Separately we have invested our own capital to build and fly prototypes. We have proven out designs and concepts and continue to strive for excellence as we bring new airships and UAVs into the marketplace.

"Techsphere and Cyber Defense already hold the respect of the industry as individual companies. Joining together makes us a powerful team capable of influencing military, law enforcement, homeland defense and commercial buyers.

"Since the UAV market is rapidly evolving and changing, this merger will also allow us the opportunity for more long term planning. We are very comfortable combining Techsphere's vast business and airship manufacturing experience with Cyber's and look forward to an exciting future."

UAV NEWS

Cyber Defenses' CyberScout Performs Transition From Hover To Forward Flight

St. Petersburg FL (SPX) May 24, 2005
Cyber Defense Systems has announced that on May 13 their CyberScout UAV performed its first transition flight from hover flight to forward flight.

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