SSTY China JV Opens 3 New Labs
BEIJING and PHILADELPHIA, March 29 /PRNewswire-FirstCall/ -- Sure Trace
Security Corporation (OTC: SSTY) (OTC Bulletin Board: ONTV) announced that its
joint venture partner, True Product ID Technology (Beijing) Limited ("TPiD"),
has officially opened a new facility composed of three separate labs designed
to process and deliver the taggant utilized to mark the individual items in
its anti-counterfeiting technology.
Three separate labs are used so that no one facility possesses the entire
formulae. Each lab only handles a portion of the process for security reasons.
James MacKay, Chairman of SSTY, said: "We are very pleased to get these
facilities online and ready to deliver. The overall cost of the labs was close
to 1 million dollars, but the investment should be well worth it. Now that
they are completed, we have the present ability to take and process orders in
China according to our projected demand.
"I am also pleased to announce the completion of the KMACK data center for
China. With the completion of these facilities and the hiring of Richard
Bendis, the company is in the position now to fully maximize the opportunities
presented us in China and the rest of the world," MacKay added.
SOURCE Sure Trace Security Corporation
Michael Cimino, President, Sure Trace Security Corporation, +1-215-972-6999,
michaelc@suretrace.com
29Mar06 17:45 GMT
Symbols:
de;TJS us;ONTV us;SSTY
Source PRN PR Newswire
