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Intelligent Imaging
Informatics |
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Guardian Technologies
Enters Into R&D Agreement with Federal Transportation Security
Laboratory
Other Topics: Genetic
Analysis Tools, Video Medical
Diagnosis
Guardian Technologies International, Inc.
August 24, 2006
Federal Lab Will Test Guardian's PinPoint(TM)
Threat-Detection Technology
Guardian Technologies International, Inc. (OTCBB:GDTI), a
leading provider of high-performance security and healthcare
solutions based on "Intelligent Imaging Informatics" (3i(TM)),
today announced it has entered into a Cooperative Research and
Development Agreement (CRDA) with the federal Transportation
Security Laboratory (TSL) to test its PinPoint(TM)
threat-detection technology. |
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Under the terms
of the agreement, the TSL will perform an independent assessment
of PinPoint, which has been developed to improve the detection
of explosives, guns, knives, and ammunition concealed in
parcels, boxes, baggage or cargo containers. The PinPoint
software is designed to facilitate seamless integration with
commercial X-ray equipment and enable security teams to screen
more people and baggage with greater accuracy.
The TSL is a branch of the U.S. Department of Homeland
Security's Science and Technology (S&T) Directorate, and is
located in Atlantic City, NJ, within the Federal Aviation
Administration (FAA) William J. Hughes Technical Center.
CRDA programs under the TSL mission are conducted to accelerate
and expand promising technologies to the point of operational
test and evaluation. Technologies that have successfully gone
through this process are typically passed on to the TSA Office
of Security Technology for operational evaluation in the
nation's airports.
"We are excited by the opportunity to work with the U.S.
Government's premier facility for testing and validating
cutting-edge transportation security technologies," said
Guardian Technologies Director of Business Development John
McDaid. "The timing of this opportunity fits well with the DHS
Transportation Security Administration recently making
explosives detection at the passenger checkpoint one of the
agency's top priorities. We are already in discussions with
hardware providers and system integrators about getting this
technology into deployment as soon as possible, and the TSL
program is a critical step in the testing and evaluation
process."
About Guardian Technologies International, Inc.
Guardian Technologies International, Inc. (OTCBB:GDTI) 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. Guardian's homeland
defense security technologies provide highly accurate
threat-item detection at the image-scanning level, and the
company's Healthcare Solutions improve information and process
flow with state-of-the-art RIS/PACS technology, and integrated
archiving and reporting network services.
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,
2004 and its quarterly reports on Form 10-Q. Guardian expressly
disclaims any obligation to update any forward-looking
statements.
CONTACT:
Guardian Technologies International, Inc.
Customers:
John McDaid,
703-464-5495
John.McDaid@guardiantechintl.com
Media:
Dittus Communications
Jennifer Horowitz,
202-715-1513 Jennifer.horowitz@dittus.com
Investor Relations:
Redwood Consultants, LLC
Jens Dalsgaard, 415-884-0348 |
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