PSGY .35 to 1.50 - 1.70 HUGE NEWS Japan play
Apr 07, 2011 14:45 ET
Princeton Security Technologies (OTCBB: PSGY) to Deliver Its Handheld Radiation Detection Units to Japan Nuclear Crisis
PRINCETON, NJ--(Marketwire - April 7, 2011) - Princeton Security Technologies, Inc. (OTCBB: PSGY), which develops Radiation Isotope Identifiers, Area Monitors and High Purity Germanium detector technology for Nuclear Power plant applications, homeland security markets, National Research Laboratories, security OEM systems integrators, hospitals and overseas nuclear safety agencies, received multiple new orders earlier this week for its Handheld Radiation Detection and Isotope Identification units. The new orders are to be delivered during Q2 and Q3 2011.
PSGY, cooperatively with Berkeley Nucleonics (San Rafael, CA), developed new Operating Systems for its handheld units specifically addressing the current nuclear crisis in Japan. The update targets contamination in Food and Water. The new Operating System includes specific features to identify radioactive contamination resulting from the Fukushima Nuclear Power Plant leak of radiation into the local environments. The most significant concern is identifying Cs-134, Cs137 and I-131 in meat, fish, milk and water.
The solution allows an additional mode for less technical users to screen specific concerns without compromising analytical spectroscopy stored in the instrument memory. Furthermore, the firmware allows compliance with federal guidelines for contamination monitoring already in place. The larger Asian market is in an uproar over contaminated imports and demand for this type of screening is exploding. Regional trading partners like South Korea, China, Taiwan, Singapore and Malaysia are all loading up on gear for screening protocols.
Princeton Security Technologies, Inc. (OTCBB: PSGY), a leading supplier of Gamma-ray Detectors, Radiation Detection Area Monitors and Radioactive Isotope Identifier Devices (RIID) through its wholly-owned subsidiary Princeton Gamma-Tech Instruments Inc. (PGT), announced that the sales revenue from the orders will start during the 2nd quarter of 2011.
About Princeton Security Technologies, Inc.:
Princeton Security Technologies, through its wholly owned subsidiary, Princeton Gamma-Tech Instruments, Inc (PGT), is a supplier of Gamma-ray Detectors, Spectroscopy systems, Radiation Detection Area Monitors and Radioactive Radioisotope Identifier products. The Company serves a broad customer base in scientific research, industrial materials analysis, and Homeland Security. PGT has its headquarters with highly skilled R&D and manufacturing staff in its Princeton facility.
Further information regarding Princeton Security Technologies can be found at www.PGT.com and investor contact: investorrelations@pgt.com; Trupti Mehta (609) 924 7310
Additional information on its integration partner, Berkeley Nucleonics, can be found at www.berkeleynucleonics.com.
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
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