Virtual Ed Link -- SSMS for the High Seas
18 May 2010 - 10:57PM
Marketwired
Virtual Ed Link, Inc. (PINKSHEETS: VRED)
announced today that it is targeting its Safety and Security
Management System (SSMS) for release to the commercial shipping
industry, primarily the worldwide cruise industry.
The worldwide cruise market is estimated to reach $26.78 billion
in 2010 and piracy and terrorism are increasingly becoming critical
issues. Just last week, the General Accountability Office (GAO) of
the US Federal Government asked the Custom and Border Protection
(CBP) agency to begin related studies. The Department of Homeland
Security agreed to the GAO's recommendation.
VRED's sophisticated web-based physical security dashboard will
act as the heart of a solution utilized by cruise and tanker ships
gathering in "short-range" information and intelligence on
approaching ships not usually visible to the current "long-range"
detection system now employed on the vessels. The unit will contain
three major components and sensing devices -- 2 kilometer mid range
radar, infrared and thermal technology for night and fog usage, and
PTZ daylight cameras.
Major maritime insurance companies such as Lloyd's of London and
others estimate 2009 losses will top $50 million with losses even
higher in 2010.
"We have spent the better part of two years developing the core
technology capable of turning sensor data into intelligence," said
John Bay, President and CEO. "This technology can be utilized in
many different vertical markets and vessel security is a prime
example."
VRED is already partnering with specific maritime system
integration firms here within the United States and additional
product analysis began last week on a cruise ship leaving NY
harbor.
About Virtual Ed Link, Inc. Virtual Ed Link,
Inc., (PINKSHEETS: VRED), sells the Safety and Security
Management System (SSMS), which uses proprietary core technology
solutions developed by Viyya Technologies. The Safety and Security
Management System is marketed and sold primarily to schools and
colleges around the U.S. and geared to be used as a collaborative
Web 2.0 tool to share general information retrieved from any
internet source among the school users, and especially, in the
event of threats or danger, to disseminate alerts to help and guide
students, parents, faculty and law enforcement in the actions
necessary to help protect school attendees, and school
infrastructure.
For more information, visit http://www.virtualedlink.org
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information 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, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
Contact: Pam Dominiczak Investor Relations Virtual Ed Link, Inc.
Phone: 973-276-0555 info@virtualedlink.org
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