PinPoint(TM) - Russia Certification Advances to Testing Validation Phase
Monday March 26, 11:14 am ET
HERNDON, Va.--(BUSINESS WIRE)--Guardian Technologies International, Inc. (OTCBB:GDTI - News) today announced that it has received the export license from the Unites States Department of Commerce for its aviation security product PinPoint(TM). The export license allows Guardian to advance to the next step of technology validation necessary to secure Russia Federation certification for PinPoint(TM). Arrangements are now being expedited for Guardian to deliver PinPoint(TM) software, and other required technical documentation, to Moscow for the technology validation process to be completed at a testing laboratory. Upon successful completion of testing by the accredited laboratory, a full report will be provided to the Russia Federation representing the final step in the certification process.
In anticipation of this certification Guardian Technologies, through its Russian agents and partners, has accelerated business development activities to market the advantages of PinPoint(TM) throughout Russia. Upon certification by the Russia Federation, PinPoint(TM) will be immediately available for commercial deployment at airports throughout Russia. The Russian marketplace represents an immediately addressable opportunity in excess of a $50M, is the second largest market for Guardian and will be the first market in the world to deploy the threat detection capabilities of PinPoint(TM). Many of the 74 Russian airports are undergoing modernization and expansion activities to handle the increased domestic and international passenger traffic which ranges from a 10% to 20% increase per annum. The Russian Federation will serve as the model for deployment throughout the remainder of the world.
Using Guardian Technologies' proprietary "intelligent imaging informatics" (3i(TM)) process, PinPoint(TM) analyzes scanned images to identify threat items that may be invisible to the human eye. The software is accurate in detecting specific substances, which can enhance the effectiveness of existing scanning machines at airports, public buildings and other areas where security screening occurs. When a threat is identified, a visual warning is displayed alerting the human screener to follow up with a closer inspection.
About Guardian Technologies International, Inc.
Guardian Technologies International, Inc. (OTCBB:GDTI - News) employs high-performance imaging technologies and advanced analytics to create integrated information management products and services. Guardian's technologies are focused on two primary markets: Homeland Defense and Healthcare Solutions. For additional information, visit www.guardiantechintl.com.
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document and those made from time to time by Guardian through its senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current views with respect to the future events or financial performance discussed in this release, based on management's beliefs and assumptions and information currently available. When used, the words "believe", "anticipate", "estimate", "project", "should", "expect", "plan", "assume" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, in particular, the size and timing of contract awards, performance on contracts, performance of acquired companies, availability and cost of key components, unanticipated results from audits of the financial results of the Company and acquired companies, changing interpretations of generally accepted accounting principles, outcomes of government reviews, developments with respect to litigation to which we are a party, potential fluctuations in quarterly results, dependence on large contracts and a limited number of customers, lengthy sales and implementation cycles, market acceptance of new or enhanced products and services, proprietary technology and changing competitive conditions, system performance, management of growth, dependence on key personnel, ability to obtain project financing, general economic and political conditions and other factors affecting spending by customers, the unpredictable nature of working with government agencies and other risks, uncertainties and factors including those described from time to time in Guardian's filings with the Securities and Exchange Commission, including without limitation, Guardian's Form 10-K for the year ended December 31, 2005 and its quarterly reports on Form 10-Q. Guardian expressly disclaims any obligation to update any forward-looking statements.
Contact:
Guardian Technologies International, Inc.
Michael W. Trudnak, 703-464-5495
info@guardiantechintl.com
Source: Guardian Technologies International, Inc.
