TCNH.OB

[Draak]

5 Million float 16 million outstanding. Revenues 79 million. Target price $11. Uptrend in the making. This company keeps getting the orders.

Technest Holdings Awarded $4.4 Million in New Funding to Develop Novel Demining Technology for the U.S. Army's Night Vision and Electronic Sensors Directorate
Monday February 26, 8:00 am ET
EOIR Technologies Receives $2.4 Million in Incremental Funding Under NVESD Omnibus Contract


BOSTON, Feb. 26, 2007 (PRIME NEWSWIRE) -- Technest Holdings, Inc. (OTC BB:TCNH.OB - News), a defense and homeland security company, announced today that its wholly owned subsidiary, EOIR Technologies, received two new funding awards totaling approximately $4.4 million from the U.S. Army's Night Vision and Electronic Sensors Directorate (``NVESD'') related to developing sensors used in global demining efforts.
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EOIR received a funding award totaling approximately $1.45 million, of which $1.0 million was funded at the time of award, to provide operational support to the U.S. Department of Defense's Humanitarian Demining Research and Development Program (``HD R&D'') for in-house prototype development. The contract has a 12-month performance review.

The HD R&D began in 1994 and focuses on the research and development of workable prototypes that reduce the time and cost associated for mine and minefield detection and neutralization while enhancing operator safety. The primary goal of the program is to enhance existing sensor technology to be more adaptive to varying terrains and random environmental conditions. The HD R&D deploys equipment to more than 25 countries worldwide, including Afghanistan, Angola, Mozambique, Rwanda, Thailand, Cambodia and Honduras, which are heavily affected by this humanitarian problem.

Concurrently, EOIR also received $2.9 million in new funds, of which $500,000 was funded initially, to assist in the development of Ground Penetrating Radar (``GPR'') Countermine On The Move and has a performance period of 18 months. The GPR Countermine On The Move is a faster, wideband multi-sensor system used to detect anti-tank mines with a high probability of mine detection and low false alarm rates. EOIR will assist the U.S. Army in conducting modeling and simulation activities that will assess the effectiveness based on the performance of the improved system on rough terrain.

``We are extremely excited to team with the U.S. Army in order to further the development of remote sensors that significantly enhance the overall safety and efficiency of existing mine detection and mine clearing technology,'' stated Larry Bramlette, Division Director for EOIR Technologies. ``We believe that our ability to continually secure new awards through the Night Vision Directorate is indicative of our ability to successfully develop advanced remote sensor technologies.''

Additionally, EOIR Technologies received $2.4 million in incremental funding on five existing delivery orders for remote sensor technology products and engineering services under the U.S. Army's NVESD omnibus contract. This increase in funds brings the total funding for the current performance award year, which was awarded on July 19, 2006, to $31.4 million and the total funds for this contract to $281 million.

[Draak]

TCNH doing something right.

Technest Holdings Awarded $9.0 Million in Funding for Existing Projects With the U.S. Army's Night Vision and Electronic Sensors Directorate
Thursday March 1, 5:54 pm ET
EOIR Technologies Receives Approximately $3.0 Million to Fund a New Remote Sensor Project Under its NVESD Omnibus Contract


BOSTON, March 1, 2007 (PRIME NEWSWIRE) -- Technest Holdings, Inc. (OTC BB:TCNH.OB - News), a defense and homeland security company, announced today that its wholly owned subsidiary, EOIR Technologies, received new funding awards totaling approximately $9.0 million in additional funding for labor, materials and the purchase of equipment on 15 existing delivery orders under the U.S. Army's Night Vision and Electronic Sensors Directorate (``NVESD'') omnibus contract.
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Additionally, EOIR received a funding award for a new project totaling approximately $3.0 million, of which $217,000 was funded at the time of award, to provide support developing network sensor models and simulations and perform systems performances analysis. The contract has an 18-month performance review. Additional detail regarding the funding award is considered classified and cannot be disclosed by the Company.

``These latest funding awards are further evidence in the continued confidence shown by the U.S. Army in our capability to deliver strong results,'' stated Larry Bramlette, Division Director for EOIR Technologies. ``We have developed a strong track record of results over our six year relationship with the NVESD. Further, the technologies we have helped develop alongside the Department of Defense allows the U.S. Armed Forces to better equip themselves with technology in the area of ground combat systems, air systems, countermining and enemy surveillance.''

This increase in funds brings the total funding for the current performance award year under our NVESD omnibus contract, which was awarded on July 19, 2006, to $40.2 million and the total funds for this contract to $290 million.

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[Draak]

MRKL TCNH are on the uptrend. Click the link for a full read, great report.

March 13, 2007 - 3:15 PM EDT           


Crystal Research Associates, LLC Issues Executive Informational Overview(R) (EIO(R)) on Technest Holdings, Inc.
NEW YORK, March 9 /PRNewswire/ -- Crystal Research Associates, LLC announced today that it has issued an Executive Informational Overview(R) (EIO(R)) on Boston, Massachusetts-based Technest Holdings, Inc. (OTC Bulletin Board: TCNH.OB). The full 64-page report can be found at www.crystalra.com and technestinc.com.

Technest Holdings, Inc. ('Technest' or 'the Company') provides integrated security solutions primarily for a government and military customer base-specifically, the U.S. Department of Homeland Security (DHS), Department of Defense (DOD), and various other U.S. Intelligence (INTEL) agencies-in an effort to protect the nation's borders, infrastructure, and personnel. In a post-9/11 world, there is little doubt that threats against the U.S. exist and that one of the most effective methods of protecting this country is continued development and advancement of security-based technology. With sophisticated engineering and research and development (R&D), Technest offers differentiated products and services segmented into five technical areas: Advanced Sensor Systems, Imaging and Intelligence Solutions, Operational Management, Intelligent Surveillance, and Chemical and Explosives Detection. The Company operates as two basic components: (1) an incubator for emerging security technologies in the final stages of development, and (2) an acquirer of revenue-generating assets in the security marketplace that have historical positive cash flow but have not yet been optimized. Sitting between a government customer with a long list of needs for fully-integrated solutions and a world of state-of-the-art technology that, alone, has very little value to the consumer, Technest believes it can bridge this gap and transform laboratory technology into real-world products. The Company has two business units: its wholly owned subsidiary, EOIR Technologies, Inc. ('EOIR'), and its Advanced Imaging division. Technest is headquartered in Boston, Massachusetts, with primary manufacturing facilities in Spotsylvania, Virginia.

[Draak]

Technest Holdings Granted New Phase I SBIR Award to Develop 3-D Remote Sensor to Improve Navigation of Helicopter Landings During Brown-Outs
Monday March 19, 8:00 am ET


BOSTON, March 19, 2007 (PRIME NEWSWIRE) -- Technest Holdings, Inc. (OTC BB:TCNH.OB - News), a defense and homeland security company, announced today it received an award from the Department of Defense to fund a Phase I Small Business Innovation Research (``SBIR'') grant for research and development of 3D-Nav, the Company's three-dimensional terrain modeling sensor-display system that may improve navigation of helicopter landings during brown-out conditions.
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The 3D-Nav system will conduct three-dimensional terrain modeling to facilitate safe landings under brown-out conditions. During the landing process, the 3D-Nav system will automatically display and update the terrain model in real time while generating the navigation control signals needed to avoid obstacles and rollovers.

Brown-out conditions occur when a helicopter's rotors stir up dust from the ground, reducing visibility and causing vertigo in some pilots. Brownouts have affected desert air missions during recent military campaigns in both Afghanistan and Iraq.

``We look forward to working with the Department of Defense to further research innovative technologies that improve helicopter navigation during sub-standard conditions. Our novel 3D-Nav design leverages our extensive experience in both 2-D and 3-D imaging hardware and software development,'' stated Dr. Joseph P. Mackin, CEO of Technest Holdings. ``This technology has many practical military applications for use in ground and aerial vehicle navigation and collision avoidance. These applications include autonomous aircraft navigation and landing control, ground vehicle navigation in temporary brown-out conditions, military surveillance, and commercial 3-D modeling.''

About Technest Holdings, Inc.

Technest Holdings, Inc. is a provider of: advanced remote sensor systems, chemical detectors, intelligent surveillance and advanced 3-D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. For more information, please visit the company's website at http://www.technestholdings.com.

[Draak]

TCNH Owned by MRKL.

Technest Holdings Awarded $58 Million in Funding for Two New Delivery Orders From the U.S. Army's Night Vision and Electronic Sensors Directorate
BOSTON, March 29, 2007 (PRIME NEWSWIRE) -- Technest Holdings, Inc. (OTCBB:TCNH), a defense and homeland security company, announced today that its wholly-owned subsidiary, EOIR Technologies, received delivery orders totaling approximately $58 million to fund two new projects. The first is for a Near Term IED Detection System and the second is for a Wide Area Surveillance and Improvised Explosive Device Detection System. Both were awarded on behalf of the U.S. Army's Night Vision and Electronic Sensors Directorate ("NVESD"). The details regarding the delivery orders are sensitive and cannot be disclosed by the Company.

The Near Term IED Detection System delivery order has an eighteen-month performance period and a value of $26.4 million, of which $310,000 was funded upon award. The delivery order provides funds for EOIR labor and materials, as well as support from its subcontractor, Science Applications International Corporation (although the parties have yet to execute a definitive delivery order) (NYSE: SAI).

The second award for a Wide Area Surveillance and Improvised Explosive Device Detection System has an eighteen-month performance period and a negotiated value of approximately $31.8 million of which $50,000 was funded upon award. This delivery order provides funds for EOIR labor and materials, as well as support from Northrop Grumman and other subcontractors on EOIR's NVESD omnibus contract.

"These are two exciting contracts for us to be a part of and further establishes our position as a leading contractor for the U.S. military," stated Larry Bramlette, Division Director for EOIR Technologies. "We are pleased to be able to continue the advancement of our sensor technologies used in threat detection. These technologies will help provide U.S. soldiers and peacekeepers the most advanced and efficient equipment available to safely carry out their missions."

Additionally, EOIR Technologies received $497,000 in incremental funding on existing delivery orders for remote sensor technology products and engineering services under EOIR's NVESD omnibus contract. This increase in funds brings the total funding for the current performance award year, which was awarded on July 19, 2006, to $41.0 million and the total funds for this contract to approximately $291 million.

[Draak]

Buy and hold TCNH. Cheney, becoming aggressive on Iran and tensions rising.

If one situation arises you have a $20 stock for $0.50.

Buy and hold tight. $58 million dollar orders coming in with improving financial CC's .