FedEx Express and Xybernaut Corporation Stage Brazil’s First Ever Mobile Wearable Computing Demonstration

SAO PAULO, BRAZIL -- Jan. 24, 2005 -- High Tech and High Fashion meet on the catwalk when FedEx Express, a subsidiary of FedEx Corp. (NYSE:FDX), and mobile wearable computing maker Xybernaut Corporation (NASDAQ:XYBR) present the first-ever demonstration of mobile and wearable computers January 24 during Sao Paulo Fashion Week, Latin America’s largest fashion event.

Xybernaut manufactures and supports the mobile and wearable computing used by FedEx Express that allows workers maximum mobility, portability and hands-free operation in the workplace.

“Brazil is a leading worldwide textile exporter and the FedEx/Xybernaut fashion show is a sign of the times in Brazil,” said Guilherme Gatti, FedEx director of marketing, automation and customer service for South America, Puerto Rico and the Caribbean.

Gatti will present Fashion Meets Function, a discussion of high-tech fashion, including technological innovations in fashion, within the context of the fashion week. “FedEx has an impressive track record pioneering solutions to problems through its technological innovation. The use of mobile computing devices embodies our commitment to develop solutions that deliver a superior customer experience,” Gatti added.

During Fashion Meets Function, Gatti will discuss innovations in fashion, textile, and technology including:

-- Utilitarian fashion that incorporates technological accessories such as computers and cell phones.

-- Clothing that contains fuel cells to provide a lightweight, portable source of power for technology or machinery.

The event will also feature live models on catwalks displaying the wearable computers, including the Xybernaut Mobile Assistant(R) V, and a multi-media demonstration of various wearable Xybernaut products, led by Brad Chitty, Executive Vice-President of Business Development of Worldwide Operations for Xybernaut. Based in Fairfax, Virginia, USA, Xybernaut is an industry leader in the design and development of mainstream applications.

FedEx Express uses the Xybernaut Atigo(R) Platform and Mobile Assistant(R) V to integrate vast amounts of data and information into a computer small enough to be totally portable. The technology helps FedEx Express packages going in or out of Brazil or other areas of Latin America be received expeditiously.

FedEx Express is playing an increasingly important role in the Brazilian textile industry. For several years, FedEx has designed custom solutions for Brazilian label Rosa Cha and designer Fause Haten.

About FedEx Corp.

FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $27 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 250,000 employees and contractors to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit fedex.com.

About Xybernaut

Xybernaut Corporation is the leading provider of wearable/mobile computing hardware, software and services, bringing communications and full-function computing power in a hands-free design to people when and where they need it. Headquartered in Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe (Germany) and Asia (Japan and China). Visit Xybernaut on the Web at www.xybernaut.com. Product photos are also available directly from Xybernaut.

Xybernaut, the Xybernaut logo, Atigo(R) and Mobile Assistant(R) V (MA(R) V) are trademarks or registered trademarks of Xybernaut Corporation in the USA and other countries. All other brand and product names are or may be trademarks of, and are used to identify products or services of, their respective owners.

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “plan,” “confident that,” “believe,” “scheduled,” “expect,” or “intend to,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company’s products, general acceptance of the Company’s products and technologies, competitive factors, timing, and other risks described in the Company’s SEC reports and filings.

Contact Information

Camilo Pino

PR

FedEx Express

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