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NEW YORK, Jan 27, 2009 - 4C Controls Inc. (OTCBB: FOUR | Quote | Chart | News | PowerRating) today announced the signing of a major "Strategic Alliance and Distribution Agreement" with e-GEOS, the recently formed joint-venture between Telespazio s.p.a (a Finmeccanica (FNC IM)/Thales(HO FP) and the Italian Space Agency (ASI). The distribution agreement grants exclusive satellite image distribution rights to 4C Controls with respect to the countries in the Middle East and North Africa (MENA) and South East Asia. The distribution agreement also provides 4C with the right to distribute Cosmo-SkyMed products on a non-exclusive basis in substantially all other African countries. 4C Controls estimates the distribution agreement to generate revenues over US$230 million (180 million Euros).
The exclusive distribution rights will include worldwide sales of substantially all satellite images taken over the exclusive territory countries as well as substantially all worldwide e-GEOS satellite images and products which are sold within the exclusive territory countries. The distribution agreement contains preferred partner provisions to facilitate mutually beneficial joint ventures and operations with e-GEOS during the foreseeable future. 4C Controls and e-GEOS signed the ten year distribution agreement in Rome, Italy.
e-GEOS was formed to market the data and products of the Cosmo-SkyMed Earth observation programme, one of the most innovative programmes in the Earth observation field. The first three Cosmo-SkyMed satellites are in orbit and the fourth is expected to be launched in 2010.
4C Controls will implement the distribution agreement through 4C Satellite Images & Technologies S.A. ("4C SatImage"), a wholly owned subsidiary of 4C Controls Inc., serving as the global first mover platform for commercialization of very high resolution SAR (Synthetic Aperture Radar) earth observation products and services. The 4C SatImage commercial SAR satellite images processing and distribution programme through the planned network of direct receiving ground stations opens up a new era in the security and surveillance industry, particularly in the field of near-real-time monitoring, with comprehensive data acquisition capabilities (during the day, at night and in all weather conditions), and high frequency low earth orbit revisit cycle (every three to six hours). Technical support will be provided by 4C Polito Space s.p.a., the joint venture of 4C Controls Inc. and Politecnico di Torino, a technology institute leader in Europe in the field of technical-scientific engineering research. Under the distribution agreement, e-GEOS will provide 4C Controls with expert technical and commercial management personnel to support the direct-receiving satellite ground station setup and operation.
"This distribution agreement signals the birth of the commercialization of high resolution SAR images and is a major milestone in the execution of our business strategy to establish a global first mover leading position in the commercial distribution of high resolution satellite SAR and optical images," said Jean-Robert Martin, Chairman of 4C Controls, adding. "By reference to my 46 years of experience in the defense and aerospace industry, I believe that SAR satellites present one of the most revolutionary developments in the commercial sector global security and surveillance industry. The satellite data market is a fast growing one and in addition to security applications, satellite data are becoming a major source of geo-spatial information for the management of natural resources, territorial planning, emergency prevention and management."
The term of the distribution agreement will be ten years. 4C Controls will acquire a satellite direct receiving ground station (DRS) under the distribution agreement which will be installed in one of the Gulf Cooperation Counsel (GCC) countries. The DRS is scheduled to be operational during the fourth quarter of 2009. Images from Cosmo-SkyMed will be received during the interim period via the e-GEOS ground station in Italy.
The GCC direct receiving ground station is planned to be a major satellite and space technology hub in the MENA region, Africa and South East Asia. The plans include an advanced training and educational center which will be dedicated to improving SAR images processing skills for clients in these regions.
4C Controls also announced that it is in advanced negotiations with strategic partners and investors for the development of its Gulf Satellite Project dedicated to launching two high resolution SAR satellites (GulfSAR 1 and GulfSAR 2) expected to be positioned in a low inclination orbit.
About 4C Controls Inc.: 4C Controls is a U.S. Company which provides global high technology integrated security solutions facilitating real-time early warning and reduction of time scales from threat-detection to termination in the field. The Company's primary focus is on electronic surveillance / access control markets, biometric, radio frequency identification (RFID), real-time locating systems (RTLS) and closed-circuit television (CCTV), high resolution low equatorial synthetic aperture radar (SAR) satellites, satellite design, manufacturing and operation, satellite images and processing analysis and distribution, ground high performance radars for intrusion detection, and data protection. For more information see www.4CControls.com.
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