Dr. Joe Mackin, President of Technest Holdings, Inc. stated, "We believe that the OmniSeeker has the potential to become a critical part of our Nation's internal defense system." The OmniSeeker development was sponsored through a Phase II SBIR program for the Missile Defense Agency and the Naval Air Warfare Center.

The OmniSeeker, once installed on a missile defense system, will provide the intelligent thermal imaging capability to search and lock in on any incoming missile targets. The OmniSeeker will then relay the accurate data needed to destroy these targets.

The Company believes that OmniSeeker may be an important addition to the country's defense arsenal because it was designed to overcome a number of the limitations that conventional optical sensors have. In order to be truly effective, anti-missile systems need to be able to detect missiles from far away and from any direction.

Conventional optical sensors have only a single field of view (FOV) setting which forces sensors to capture object images through a very small viewing angle. The traditional design limits a sensor's ability to search for targets in a wide area and track the missile target reliably.

The OmniSeeker was created to surmount those difficulties. It has two different FOV settings. When utilizing the wide FOV setting the OmniSeeker can search targets coming from a wide area. When utilizing the narrow FOV setting the OmniSeeker can track and lock in on any detected missile targets. The OmniSeeker has been successful at detecting missiles more than ten miles away during test exercises.

Technest Holdings had fiscal six month sales revenues of $37.3M for the period July 1, 2005 through December 31,2005 and corporate funded backlog as of January 31, 2006 of $48.45M.

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