Princeton Security Technologies (fka PSGY)

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PSGY - Princeton Security Technologies, Inc. (PSGY) to Expand Its Distribution for Radiation Identifier Products

PRINCETON, NJ, Mar 07, 2012 (MARKETWIRE via COMTEX) -- Princeton Gamma-Tech Instruments, a wholly owned subsidiary of Princeton Security Technologies, Inc. (OTCBB: PSGY), announced that it had signed a distribution agreement for its identifier products with Rae Systems Inc., a San Jose, California based company which specializes in chemical and radiation detection products. Rae Systems made a sizeable commitment to purchase minimum quantities per year and will add more geographical depth to Princeton's product distribution.
Recently, Princeton Gamma-Tech Instruments received sizeable orders from its Chinese distributors for its Radiation Identifier Products. Therefore Company's existing order backlog and 2012 commitments is currently approx. $2 million, where all the product deliveries are expected to take place between March and the year end..