iDirect Inc's Acquisition By Vision Technologies Systems Completed

iDirect Inc's Acquisition By Vision Technologies Systems Completed


11.30.2005


Herndon, VA, Dec 1 2005 - iDirect Technologies today announced the completion of their acquisition by Vision Technologies Electronics, Inc., a subsidiary of Vision Technologies Systems, Inc. The acquisition follows the receipt of regulatory approvals and fulfillment of other closing conditions.

"This is a great next step for the iDirect team," said John Kealey, CEO, iDirect Technologies. "This new partnership will help iDirect expand our product offerings, and open some doors in key markets. We are really excited about being a part of this organization."

iDirect is a leading manufacturer of two-way internet protocol-based broadband satellite networking solutions. Its customer base includes over 100 companies in the telecommunications services, oil and gas, construction and marine industries, as well as government agencies. Founded in Virginia in 1994, it has 159 employees and offices in the United Kingdom, Italy and Hong Kong SAR.


About iDirect Technologies

iDirect Technologies, a subsidiary of Vision Technologies Systems Inc., designs, develops, and markets satellite-based broadband access solutions targeted at the enterprise, government, carrier and educational sectors that have the need for fast, flexible, and geographically dispersed two-way internet/intranet access. The company has developed technology solutions that combine high performance, worldwide availability, and ease of installation, high reliability, and low cost to end customers. In addition, iDirect solutions offer unprecedented efficiencies, increased revenue opportunities and higher per customer gross margins to satellite network operators. iDirect was awarded the 2005 World Teleport Association Teleport Technology of the year, the Innovation & Technology of the Year by The ISCe Advisory Board, and named number one in the Deloitte & Touche Virginia Technology Fast 50 list of the fastest-growing U.S. technology companies. iDirect operates its corporate headquarters in Herndon, Virginia and has regional offices in Europe, Asia, and covering Latin America. Additional information is available on the company website at www.idirect.net.


About Vision Technologies Systems

Vision Technologies Systems Inc. and its subsidiaries are preferred providers of engineering solutions, products, integrated systems, and services in the Americas across the core business areas of marine, aerospace, electronics and land systems. Headquartered in Alexandria, Virginia, Vision Technologies Systems operates throughout North America and offers a broad range of proven innovative services to both the commercial and government sectors. Vision Technologies Systems is a wholly owned subsidiary of Singapore Technologies Engineering Ltd. Please visit www.vt-systems.com.


Contact:

iDirect Technologies
Jon Douglas
Marketing and Communications
703-648-8042
jdouglas@idirect.net


Vision Technologies Systems
Carol Hrovoski
Corporate Communications Manager
703-739-2610
chrovoski@vt-systems.com