Universal Detection Signs Non-Exclusive Agreement with SecurityPro USA to Distribute Anthrax Detector(LOS ANGELES - Oct. 7, 2005) -- 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 non-exclusive distribution agreement with SecurityPro USA, a leading security services agency. Under the terms of the agreement, SecurityPro USA will use its efforts to promote the marketing and distribution of the BSM-2000 in the United States. Management believes that its relationship with SecurityPro USA will increase the visibility of its bioterrorism detection device to a receptive audience, including both commercial and governmental entities.
"We are planning to work very closely with SecurityPro USA to help bring our products and technologies to those who need real time, early detection and warning capabilities in the event of an anthrax attack," said Nima Montazeri, UDTT's Vice President of Strategic Development. "We will leverage SecurityPro's varied distribution channels, including its website and other extensive marketing resources, to promote our monitoring and detection technologies to potential customers in a range of marketplaces, such as office buildings, shopping malls, medical facilities, government agencies and others who may need them. Given the current heightened state of alert and potential for a bioterrorist attack, our spore monitoring technology and advanced anthrax warning system could be of significant value to many potential new customers."
Global Submarine Market 2014-2024
UDTT is the developer of an anthrax monitoring solution, the BSM-2000. This bioterrorism monitoring device combines advanced spore detection technology developed by NASA for space exploration, and licensed exclusively to UDTT, with the Company's aerosol capture technology. SecurityPro provides consultation and solutions for commercial, industrial and residential customers and is an established protection service resource within the security and defense community. It is a state-of-the-art protection services agency designed to maintain a desired level of security in any given situation. SecurityPro combines conventional and unconventional methods of addressing security problems and investigative needs to arrive at optimal results. The Company's services include the use of discreet hardware such as video monitoring systems, alarms, access control and fire detection. UDTT's management believes that SecurityPro's customers would potentially be interested in UDTT's BSM-2000 line of bacterial spore detectors.
About SecurityPro USA
SecurityPro is a state-of-the-art protection services agency active since 1986 with the aim of designing to maintain high levels of security in various situations. The company has acted as security specialists providing consultation and solutions for security and investigation in today's highly competitive environment. Activities include deployment of the most effective security tools and methods for commercial, industrial and residential clients, combining conventional and unconventional methods of addressing security problems. Services include the use of discreet hardware such as video monitoring systems, alarms, access control and fire detection.
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 recent news and other data, please visit http://www.trilogy-capital.com/tcp/udt. To read or download an Investor Fact Sheet about the Company, please visit http://www.trilogy-capital.com/tcp/udt/factsheet.html. 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 bioterror detection technology following its testing of the BSM-2000, 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.
Universal Detection Technology
Jacques Tizabi, 310-248-3655
Trilogy Capital Partners
Paul Karon, 800-592-6067
Source : Universal Detection Technology