CYBRA Corporation Issues Update on Chinese
CYBRA Corporation Outlines Ownership Structure, Market Penetration Strategy and Timeline for Its Joint
Venture with China’s Ministry of Transportation to Revolutionize the World’s Largest Shipping Industry
May 12, 2010 11:56 AM Eastern Daylight Time
YONKERS, N.Y.--(EON: Enhanced Online News)--CYBRA Corporation (OTCBB: CYRP), a leader in bar
code and RFID technologies for IBM Power Systems and other major computing platforms, today announced an
update on its strategic joint venture with the China Ministry of Transportation.
As previously announced, CYBRA Corporation signed an agreement with the People’s Republic of China Ministry
of Transportation’s Waterborne Transportation Institute (WTI) and Key West Technologies, LLC to form a China-
based joint venture to develop, manufacture, and market leading edge products that add intelligence to the supply
chain by tracking and monitoring goods.
Under the terms of the agreement, CYBRA is to receive a 52% ownership interest in the joint venture with an option
to increase its equity position by 10%. The technology to be provided by the company will aid in effective
management of cargo through real-time visibility and knowledge of the status and whereabouts of clients’ shipments,
deploy anti-theft and anti-counterfeiting detection, and aid in homeland security via sophisticated sensing devices.
Since the agreement was signed, CYBRA Corporation’s management has established a market penetration strategy
intended to ensure that the joint venture offers both the highest quality products and most competitive pricing
structure. Its monthly monitoring fees are projected to be 50% less than the present market leader, which the
company believes should lead to rapid adoption and implementation. The joint venture plans to launch its initial
marketing campaign by January 2011.
China’s shipping industry is one of the largest in the world, producing 98% of all shipping containers and servicing