2014

Mach 1 Development, Inc. and Global Velocity Inc. Announce MOU to Pursue Joint Technology Project

LEESBURG, Va., May 8, 2012 /PRNewswire/ -- Mach 1 Development, Inc. and Global Velocity Inc. announced today that they have executed a Memorandum of Understanding to develop a proprietary information authentication, management, exfiltration detection, alarming, and interdiction solution using existing Mach 1 and Global Velocity technologies. The companies anticipate signing a definitive agreement to formalize this project by June 4, 2012.

This MOU serves as an important step in establishing a mutually beneficial relationship between the companies. "Our technologies are highly complementary," said Mach 1 CEO Paul Greene. "We believe that by working together, we can create new solutions for our customers."  Global Velocity CEO Greg Sullivan agreed, emphasizing that "this alliance will enable us to provide additional security solutions for both our commercial and governmental clients."

About Mach 1 Development, Inc.

Mach 1 Development, Inc. is a veteran-owned small business founded in 2007. Mach 1 is a leading developer and provider of authenticated tag, track, and trace systems for the US and international commercial, military, and government markets, including its patent-pending DocuTRACER™ line of products. Mach 1 is located in Leesburg, VA.

About Global Velocity Inc.

Global Velocity provides effective and cost-efficient methods for managing outbound content compliance while delivering carrier-grade speeds up to 10 Gbps. Global Velocity's solutions are ideally suited for monitoring and controlling applications, and the content they carry, even on today's fastest networks. Global Velocity was founded in 2002 and is located in Clayton, MO.

For more information, contact Coleman Washington at coleman.washington@mach1development.com, +1-512-426-4543 or Bill Edwards at bedwards@globalvelocity.com.  More information about each company can also be found at www.mach1development.com and www.globalvelocity.com

SOURCE Mach 1 Development, Inc.



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