( LOS ANGELES - October 6, 2005 ) - Agreement Aims to Integrate UDTT's BSM-2000 Bio-Threat Detector with RAE's Chemical and Radiation Monitors
Universal Detection Technology (OTCBB:UDTT) (FWB:PO8), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats, has signed a significant cooperative agreement with San Jose, CA-based homeland security technology company RAE Systems, Inc. (AMEX:RAE), to enable the integration of fully optimized new homeland security and industrial monitoring applications.
The agreement puts in place a novel strategic alliance intended to enable the creation of a new generation of enhanced homeland security solutions based on a planned integration of UDTT's BSM-2000 anthrax and bio-threat detector with RAE's rapidly deployable chemical and radiation monitors and multi-sensor networks. RAE is a leading manufacturer of radiation and chemical monitoring systems, and other safety-related sensors for homeland security and industrial applications. RAE products are in use by many U.S. government agencies, including the Department of Homeland Security, the Department of Justice, and the Department of State, as well as all branches of the U.S. military, and by numerous city and state agencies.
"This exciting new partnership will be mutually beneficial for Universal Detection Technology and RAE Systems," said Nima Montazeri, UDTT's Vice President of Strategic Development. "We are delighted to collaborate with RAE and to develop a highly fruitful long-term relationship. In the short term, we seek to create an interface to effectively integrate the BSM-2000 into RAE's products for optimal, total monitoring solutions. This partnership is expected to have other advantages, as well, including bringing increased market visibility and credibility to our BSM-2000 and overall advanced technology capabilities."
Both parties have also agreed to work jointly to perform quality testing on the new solutions produced under the strategic alliance, Mr. Montazeri said. "Such testing would focus on advanced real-time wireless communication between the BSM-2000 and RAE products, within a certain predefined range. These tests would also include verification of correct presentations by RAE products of all data, numerical values, alerts, and other information communicated from the BSM-2000," he said.
UDTT is the exclusive licensor of proprietary technology originally developed by NASA's Jet Propulsion Laboratory (JPL) for the Mars exploration missions. UDTT's BSM-2000 is a detection and monitoring device that combines JPL's superior spore detection technology with UDTT's proprietary aerosol capture technology. The BSM-2000 device is designed to quickly detect the presence of airborne infectious spores, such as anthrax and other dangerous biological agents. The UDTT monitoring technology is designed to provide early-warning alerts about potential threats to enable the commencement of appropriate safety measures that ensure the highest possible levels of protection of human lives and health. Homeland security authorities have said that early-warning of threats such as anthrax attacks is one of the most significant factors in protecting the public.
About RAE Systems
RAE Systems (AMEX:RAE), founded in 1991, is a leading global developer and manufacturer of rapidly deployable chemical and radiation detection monitors and multi-sensor networks for homeland security and industrial applications. RAE Systems' technologically advanced products are based on proprietary technology, and include a full line of portable, wireless and fixed atmospheric monitors and photoionization detectors and gamma and neutron radiation detectors for the detection and early warning of hazardous materials. RAE Systems' products enable the military and first responders such as firefighters, law enforcement and other emergency management personnel to detect and provide early warning of weapons of mass destruction and other hazardous materials. RAE Systems' products are used by many U.S. government agencies, including the Department of Homeland Security, the Department of Justice, and the Department of State, as well as all branches of the U.S. military, and by numerous city and state agencies. RAE Systems' end users also include many of the world's leading corporations in the airline, automotive, computer, and oil industries. RAE Systems' products are used in civilian and government atmospheric monitoring programs in over 50 countries.
About Universal Detection Technology
Universal Detection Technology (UDTT), founded in 1973, is a developer of advanced monitoring and early-warning technologies whose mission is to help meet today's heightened security and defense requirements in the global war on terror. The Company's intellectual property portfolio includes exclusive worldwide commercial licensing of technology developed by NASA's Jet Propulsion Laboratory (JPL) and its own proprietary aerosol capture technology, which are combined in the Company's initial monitoring device, the BSM-2000. Management believes that the Company's technology, together with third party technologies and devices, has positioned it to capitalize on growth and value opportunities related to Homeland Security. For more information, please visit http://udtt.invrel.net or http://www.udetection.com. To view investor-specific information about the Company, including an Investor Fact Sheet, recent news and other data, please visit www.to-come.com. Universal Detection Technologies is also listed on the Frankfurt Stock Exchange under the ticker symbol PO8.
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties include, among other things, the validation by Rutgers of our bio-terror detection technology following its testing of the BSM-2000, our ability to timely integrate both technologically and cost effectively, the BSM-2000 with the products offered by RAE Systems, funding of amounts of capital adequate to provide for our working capital needs and our timely repayment of debt, our ability to timely and cost effectively complete the development and testing of our products targeted to the bio-chemical market, our ability to commercially produce our products on a profitable basis, commercial acceptance of our products, product price volatility, product demand, market competition and general economic conditions, and other factors described in the Company's filings with the Securities and Exchange Commission. We undertake no obligation and do not intend to revise or update publicly any forward looking statements for any reason.