Xybernaut and IBM Complete Agreement

Enterprise Networks & Servers, Aug 2004

Xybernaut Corp. has completed an expanded Technical Services Agreement with IBM whereby the two companies will continue to work closely on a variety of sales, marketing and business development opportunities in the mobile/wearable computing sector.

The joint business development opportunities expand on a relationship that has existed for more than 6 years. These opportunities include market development/salesmarketing and go-to-market strategies, technical assessments/solution configuration strategies, and consultation for customer contract proposals.

"IBM continues to be one of our strongest partners," said Steven A. Newman, president and COO of Xybernaut. "This comprehensive technical services agreement will enhance this relationship even further as both organizations now have a solid understanding of each others' core offerings and strengths. Xybernaut sales, marketing, business development and product teams look forward to expanding our joint activities with IBM."

IBM and Xybernaut began their relationship in 1999 when IBM was selected to jointly develop and manufacture the fifth generation of the Xybernaut Mobile Assistant (MA) product family. Under that initial agreement, the MA V wearable computer was developed based on Xybernaut intellectual property with engineering and technology services provided by the Engineering and Technology Services division of IBM.