Technest Holdings Presents Innovative EARCAD System at AudiologyNOW 2008, April 2-5, in Charlotte, N.C.
world-class 3D imaging company transforming state-of-the-art technology
into real world products, will debut its new line of EARCAD imaging
products at AudiologyNOW!, the 20th anniversary convention of the American
Academy of Audiology (AAA) in Charlotte, North Carolina, April 2-5, 2008.
At Exhibit # 2258, members of Technest’s management team will launch the
Company’s innovative EARCAD (Ear Impression) System, demonstrating and
explaining its important applications in the custom hearing aid and ear
mold markets. More than 7,000 hearing professionals and major hearing aid
manufacturers are expected to attend this year’s convention.
Technest’s EARCAD System automates the process of converting a physical ear
impression into a 3D model for streamlined production and quality control.
Initial applications are for manufacturers looking to streamline their
operations and for audiology practices seeking to improve turnaround times
EARCAD provides audiologists and manufacturers with a total value-added
solution from its range of impression and non-impression scanners and
associated software. In particular the non-impression scanner is well
suited to the new “behind the ear” fit models which are approaching 50% of
all hearing aids sold. Technest is currently in discussions with several
major manufacturers about the commercial implementation of these systems.
Approximately 2.5 million hearing aids were sold in the United States in
2007 and the retail market worldwide was over $6 billion. Market
penetration still has considerable potential growth as 17.6% of the U.S.
population, or 56 million people, are over the age of 60 with increasing
About AudiologyNOW! and the American Academy of Audiologists
Audiology NOW! is the premier event of the American Academy of Audiology,
the world’s largest professional organization of, by and for audiologists.
With an active membership of more than 10,000 audiologists, the Academy
promotes quality hearing and balance care by advancing the profession of
audiology through leadership, advocacy, education, public awareness and
support of research. To learn more about the audiology profession and how
audiologists are helping the 31 million Americans who have hearing loss,
please visit the Academy’s website at Audiology.org.
About Technest Holdings, Inc.
Technest Holdings, Inc. is a provider of: advanced remote sensor systems,
intelligent surveillance and advanced 3D imaging technology solutions to
the defense, homeland security and healthcare marketplaces. Technest is
committed to setting next-generation imaging standards through the
provision of innovative emerging technologies. Through strategic
development, Technest focuses on the creation of dual-use technology and
products with applications in healthcare as well as the fields of defense,
civilian homeland security and law enforcement.
To learn more about Technest Holdings Inc., (
company’s Web site at www.technestinc.com. To receive email updates about
the company and to be added to Technest Holdings investor lists, please
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release are “forward-looking” statements within the meaning of the Private
Securities Litigation Reform Act of 1995 (the “Act”). Forward-looking
statements include statements which are predictive in nature, which depend
upon or refer to future events or conditions, which include words such as
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management, are also forward-looking statements as defined by the Act. Some
of the factors that could significantly impact the forward-looking
statements in this press release include, but are not limited to: the
functionality of our product; our capabilities; a rejection of the
Company’s products and technologies by the marketplace; and disputes as to
the Company’s intellectual property rights. Forward-looking statements are
based upon current expectations and projections about future events and are
subject to risks, uncertainties, and assumptions about Technest Holdings,
its products, economic and market factors and the industries in which
Technest Holdings does business, among other things. These statements are
not guarantees of future performance and Technest Holdings has no specific
intention to update these statements. More detailed information about those
factors is contained in Technest Holdings’ filings with the Securities and
Exchange Commission. http://www.sec.gov
Pursuant to a May 15, 2007 agreement, Consulting For Strategic Growth1,
Ltd. (“CFSG1”) provides Technest Holdings, Inc. with consulting, business
advisory, investor relations, public relations and corporate development
services. Independent of CFSG1’s receipt of cash compensation from
Technest Holdings, CFSG1 may choose to purchase the company’s common stock
and thereafter liquidate those securities at any time it deems appropriate
to do so.
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