SpectralCast, Inc. (OTC Pink: SPEC) (PINKSHEETS: SPEC) is pleased to announce that it is now in advanced discussions with Talon Safety Systems regarding a potential licensing agreement. Talon is a California corporation founded by Capt. Dan O’Meara, of Fresno City Fire, in addition to several other first responders from Los Angeles and New York. Talon’s focus is on creating next generation safety technology for use by first responders.
Talon is seeking to license SpectralCast’s Finder Technology and adapt it for use in tracking firefighters in the field. “Saving someone’s life can come down to crucial seconds when they are in the field in a potentially dangerous situation. Being able to locate them quickly and with pinpoint accuracy within three dimensions will allow us to get to that person and get them to safety much faster and with less risk to our team,” said Talon CEO, Dan O’Meara.
Negotiations are expected to be completed by the end of this week with the companies executing a Letter of Intent shortly thereafter. The Company plans to keep shareholders updated through regular announcements. As mentioned previously, SpectralCast has completed its new corporate website. Please visit us at www.spectralcast.com to learn more about the Company’s product lines, management team, corporate partnerships, and for the latest company related news.
About SpectralCast, Inc. - SpectralCast, Inc. is a designer, manufacturer of specialty electronics. We integrate and cultivate high-tech consumer electronic products with the aim of building a global encrypted network -- the Orbital Organic Network, also known as the Overnet™. Our wireless layer creates an individually controlled content environment with access to all forms of media obtained through one location source. Orbital has designed patented solutions for creating a public/private terrestrial network, through the mass deployment of technologies that will change the way we interact with each other and our environments. After making a name for ourselves with the sales of commercial-grade premium LCD televisions, we have moved into worldwide design, manufacturing and distribution of specialty electronics with global impact. For more information on Orbital Laboratories Inc. please visit the company website at http://www.spectralcast.com .
Forward-Looking Statements: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.
SOURCE: SpectralCast, Inc.