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Company Interview Excerpt
EDWARD NEWMAN - XYBERNAUT CORPORATION (XYBR)


Full article published: 11/05/2001


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TWST: Could we begin with a brief historical sketch and an overview of Xybernaut?
Mr. Newman: Xybernaut actually had its origins back in the 1980s doing work on the technical publications and technical data side for the U.S. Army, the Navy, Air Force, and some of the intelligence agencies. In the course of performing those different projects throughout the DoD, we were creating what at that time were called electronic technical manuals, and this was the ability to take all the technical descriptions of various weapons systems and put them onto a computer so that a field technician or engineer could perform inspection and fault isolation analysis and then immediately call up repairs and place procedures in order to fix these tanks, helicopters, guns, submarines and F16s. It was during the course of observing the technicians going back and forth to fixed workstations in their libraries and their mop shops that we realized they were wasting an awful lot of time every 15, 20, 30 minutes when they had to retrieve the next set of instructions. At that instant that we had the 'eureka moment.' We realized the world needed a more advanced way to deliver critical information to people who need to work with their hands, feet and eyes with their attention free from distractions. So, for the last 12 years Xybernaut has been dedicated to building, testing and delivering the kinds of hardware and software that allow working people to focus on the task at-hand and becoming more productive. Back in the late 1980s, Xybernaut created the original concepts for mobile and wearable computing. We filed our first patents in 1992. So while the IBMs and Toshibas of the world were trying to figure out whether or not the markets were ready for laptops, we had already analyzed the markets and discovered they were ready for wearable computing.

 

Tickers included in this excerpt: XYBR

 

For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.