NEW YORK, Jan. 25, 2011 (GLOBE NEWSWIRE) -- TIE Technologies, Inc. (Pink Sheets:TTCS), who is a diverse holding company specializing in science and technology driven companies focused on proprietary smart logistics for Homeland Security, environmental and disaster remediation, telemetrics, and advanced IT solutions, today announced the signing of a partnering teaming agreement with Applied Geo Technologies Inc. (AGT) a world leader in the design and manufacture of flexible fabric enviro-bladder tanks, for development of the 'TRIPLE PLAY' Quick Response Disaster Solution.
Smart Environmental Systems, a division of TIE Technologies Inc., and Applied Geo Technologies Inc., are collaborating in the development and deployment of the 'TRIPLE PLAY' which is a smart wireless sensor supported quick response disaster solution to address the critical and unmet emergency relief need for consolidated portable water, sewage, and shelter requirements associated with environmental disasters.
C.C. Fridlin, director of business development, AGT, commenting on the joint teaming agreement, said: "AGT is proud to partner with TIE Technologies to deliver fast, safe and affordable solutions for emergency situations because, unfortunately, disasters do happen. We approached this project with a 'what if a disaster happened to me' approach and the 'TRIPLE PLAY' is what we ultimately developed."
The 'TRIPLE PLAY', for which AGT will act as technical developer and manufacturer, will include a Water Solution that can place portable, fully biologically controlled, clean water bladder reservoirs in strategic locations within the disaster area; a Sewage Solution that can provide geo-sewage holding and processing tanks; and a Shelter Solution that can provide portable, easily assembled, 'Geo-Dome' shelters composed of ruggedized, weather proof, synthetic materials.
The 'TRIPLE PLAY' represents an unprecedented and unified 'mobile' and quick response solution to global disasters with the possibility of having the 'TRIPLE PLAY' air dropped or driven-in or shipped to the disaster area and quickly assembled and activated.
Mark Marangella, TIE Technologies EVP and Smart Environmental Systems Division President, stated, "Nearly one year after Haiti's earthquake, progress in meeting the essential factors of clean water, sewage treatment, and adequate shelter continues to challenge the Haitian government and relief organizations, with Cholera outbreaks being the predictable outcome of a lack of a consistent supply of clean water and sewage treatment. The 'TRIPLE PLAY' is an immediate, inexpensive, easily deployable, consolidated emergency disaster relief solution to satisfy these critical needs of every effected individual."
ABOUT SMART ENVIRONMENTAL SYSTEMS
Smart Environmental Systems (SES) is a single source engineering and technology company that offers products and services, coupled with technology, to meet the challenges its clients face. From catastrophic oil spills to monitoring structural integrity in critical infrastructures, SES responds and delivers "Smart" solutions that leverage technology. The development of the Oil Dam for the U.S. Coast Guard and local communities in response to the Deep Water Horizon oil spill is an example of the type of solutions SES can design and deliver.
ABOUT TIE TECHNOLOGIES, INC.
TIE Technologies is a diverse holding company specializing in science and technology driven companies. Their portfolio of companies are focused on proprietary smart logistics for Homeland Security, environmental and disaster remediation, telemetrics, and advanced IT solutions. TIE Technologies is traded on Pink Sheets under the symbol "TTCS." For additional information, please visit .
ABOUT APPLIED GEO TECHNOLOGIES INC.
AGT is a leading provider of products and services to defense, aerospace and commercial companies. Products include flexible fabric bladders, small ground robots, and cable and wiring harnesses. Services include logistics support, project management, program management, facilities management and laboratory management. For more information visit
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
CONTACT: TIE Technologies, Inc. Investor Relations Contact 212-334-3020 [email protected]
