05/24/04

TechGuard Security Moves DC Operations to the University of Maryland, Baltimore County (UMBC) Technology Center

BALTIMORE, MD (May 24, 2004) - TechGuard Security LLC announced Monday that the company has relocated Maryland operations to the techcenter@UMBC. The move will provide the growing company with the opportunity to work with the University resources in cutting edge technology development and focus on their mission to secure the US Critical Infrastructure, while improving visibility and proximity to TechGuard's core clients—the US Intelligence community and Department of Defense.

Johnny Flores , Director of DC Operations, is excited about the support that techcenter@UMBC has presented. "I have already met with the Maryland Lt. Governor and CIO, developed a networking event, and had two leads for potential contracts in our first week at the UMBC Technology Center."

TechGuard President, Suzanne Magee Joyce , adds that the Company is also pursuing the establishment of Sensitive Compartmented Information Facility (SCIF) space at the UMBC Technology Center for their high-level artificial intelligence security product development.

"TechGuard is an appealing company with great potential for strengthening our region's homeland security community," said Ellen Hemmerly , Executive Director of UMBC Research Park Corporation.

"The techcenter@UMBC's strategic assets have attracted another promising technology firm to Baltimore County," stated David S. Iannucci , Executive Director of the Baltimore County Department of Economic Development. "We see the techcenter's state-of-the-art facilities and strategic location next to the brainpower at UMBC, federal and military decision-makers as key components to building an even stronger technology community."

About TechGuard Security LLC: TechGuard is a global provider of innovative Networking and Security Solutions, Security Product Development, System Integration, Project Management, and Security services addressing the challenges associated with network security and privacy. TechGuard products include The Great Walls of Fire ® firewalls, IDS and Spam Filters. TechGuard is funded by the National Institute of Standards and Technology (NIST) under the Advanced Technology Program (ATP) for research into Artificial Intelligence use in network security products. TechGuard service initiatives include securing network infrastructures, maintaining firewall integrity, identifying network vulnerabilities, managing information security, and staying aware of privacy issues and changing security concerns created by a global Internet and cyber terrorist threats. TechGuard serves US Government agencies, Fortune 1000 businesses in the financial, legal, manufacturing and healthcare sectors. Further information about TechGuard can be found at www.techguardsecurity.com or by contacting TechGuard President Suzanne Magee Joyce at 314-374-1676 suzanne.joyce@techguardsecurity.com or Johnny Flores, Director of Operations, Washington DC, at 443-336-2381 johnny.flores@techguardsecurity.com.
TechGuard Security is a Maryland MBE/DBE and an 8 (a) certified, women-owned small business with offices in St. Louis, Maryland and New York.

About techcenter@UMBC: UMBC's technology incubator, founded in 1989, was expanded in 1996 when UMBC purchased the 30-acre five-building Lockheed Martin Research Lab facility site and renamed it techcenter@UMBC.

Phase II is bwtech@UMBC , a 41-acre research and technology community being developed by the international commercial real estate firm Grosvenor in collaboration with UMBC. bwtech@UMBC has a total development capacity of up to 330,000 square feet of office and laboratory space. The park will ultimately comprise five new state-of-the-art buildings occupied by research and technology firms.

"Graduates" of techcenter@UMBC are eligible to locate at bwtech@UMBC. One building at bwtech@UMBC is currently occupied by RWD Technologies, and a second building is under construction for delivery in summer 2004. The new building is designed for either office or wet lab space.

The companies at techcenter@UMBC and bwtech@UMBC Research and Technology Park provide a total of about 500 jobs, including more than 30 UMBC students. The companies work closely with 40 UMBC faculty and staff.