TraceGuard to Unveil Exclusive Airport Security Technology at ValueRich Small-Cap Financial Expo in Miami
Friday March 3, 1:30 pm ET
NEW YORK and TEL AVIV, Israel, March 3, 2006 (PRIMEZONE) -- Technology development company TraceGuard Technologies, Inc. (OTC BB:TCGD.OB - News) will unveil its exclusive explosive trace extraction technology at the ValueRich Small-Cap Financial Expo. This expo, being held in Miami on March 8-9, offers small-cap companies the opportunity to present their products and services to a highly targeted audience.
With offices in New York City and Washington DC, TraceGuard is conducting its development work in its R&D facility in Israel. The company is at the forefront of the battle to prevent explosives from being taken aboard aircraft, and is a leader in automated explosive trace extraction.
TraceGuard hopes to launch its first product, CarrySafe, by the end of the year. Targeted at the airport security requirements of the TSA (Transportation Security Administration) and other regulatory authorities, CarrySafe is designed for integration into existing screening equipment. CarrySafe should automatically extract and collect air particles from both the outer and the inner surfaces of luggage. Particles are then fed to the standard chemical analyzers already deployed by airport authorities to check for the presence of hidden explosives in carry-on luggage. By delivering greater accuracy and speed than screening solutions based on manual checking, CarrySafe is designed to dramatically shorten passenger lines.
Future products include HoldSafe for checked-in luggage, and CargoSafe for palletized airborne cargo. TraceGuard also plans to expand the applications of its trace extraction technology to include drugs and biological contamination.
TraceGuard's Chairman and CEO, Dr. Ehud Ganani, has assembled an experienced management team of engineers, scientists and business executives with proven credentials in anti-terrorism, security and technology. Dr. Ganani, a former head of Israeli Military Industries and former VP Marketing & Business Development with RAFAEL, Israel's military technology powerhouse, states that ``We are delighted to be exhibiting in this show, where we hope to engage in a fruitful dialogue with key capital market players. We believe that our innovative products can introduce an unprecedented level of automation to airport luggage screening. TraceGuard's ultimate goal is to become a major player in the Homeland Security market, and to this end we intend to explore strategic partnerships with manufacturers of synergetic equipment.''
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