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AQSIQ Establishes Details and Target Pricing Structure Regarding Use of True Product ID's Technology For Chinese Liquefied Natural Gas Containers.


BEIJING & PHILADELPHIA -- True Product ID, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: TPDI TPDI Tim Pembela Demokrasi Indonesia ) announced that the State General Administration for Quality Supervision, Inspection and Quarantine of the People's Republic People's Republic
n.
A political organization founded and controlled by a national Communist party.
 of China ("AQSIQ AQSIQ Administration of Quality Supervision, Inspection and Quarantine (People’s Republic of China) ") (www.aqsiq.gov.cn) has agreed to supplementary provisions to its project cooperation agreement with TPID's Chinese joint venture affiliate company, True Product ID Technology (Beijing) Limited ("TPID TPID Tag Protocol Identifier
TPID True Product ID, Inc. (Philadelphia, Pennsylvania)
TPID Transaction Partner Identifier
TPID Teachers' International Professional Development (UK) 
 Beijing"), which establish details and a target pricing structure regarding the use of TPID's S-DNA and KMACK technologies for Chinese liquefied natural gas liquefied natural gas: see under natural gas.
Liquefied natural gas (LNG)

A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents.
 ("LNG LNG (liquefied natural gas): see under natural gas. ") bottles, tanks, and other containers.

AQSIQ's supplementary provisions require TPID Beijing to provide a special equipment security/safety logo, and to implement a special equipment identification security management system, for LNG containers throughout China. Based on official Chinese records, AQSIQ projects that there are currently a total of 130 million LNG tanks in China and that total is expected to increase by approximately 10 percent every year. AQSIQ wants TPID Beijing to complete marking of the LNG containers nationwide within 3 years, with marking to begin immediately in select areas.

AQSIQ's supplementary provisions further require TPID Beijing to provide certain types of its proprietary S-DNA readers/scanners to approximately 25,000 LNG gas stations and 15,000 manufacturers throughout China and to integrate the stations and manufacturers into a special equipment identification security management system.

In its supplementary provisions, AQSIQ sets out certain "target" prices for TPID Beijing to provide (1) a special equipment identification security/safety logo for 130 million LNG tanks (a price for marking each LNG tank); (2) 50,000 of a certain type of its proprietary S-DNA readers/scanners; (3) 15,000 of another type of its proprietary S-DNA reader/scanner; and (4) an information management system for 50,000 platforms/ports for LNG gas stations, special equipment manufacturers and other entities in China.

Under the target prices set forth in its supplementary provisions, AQSIQ projects the total gross revenue over a 3-year period for the use of TPID's technology for LNG containers to be approximately 20.13 Billion Chinese Yuan This article is about the Chinese currency base unit. For the modern currencies corresponding to the "Chinese yuan", see Renminbi ( , which according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 www.xe.com, equates to approximately 2.67 Billion U.S. Dollars as of August 30, 2007. TPID has not yet completed its analysis as to what would be net revenues. TPID anticipates it will be in a better position to more fully ascertain the expenses needed to implement this LNG tank phase of the AQSIQ project cooperation agreement as more details are gathered during TPID Beijing's continued coordination and consultation with AQSIQ, provincial and local authorities, LNG gas stations, and special equipment manufacturers.

TPID expects to post a copy of and further information about the supplementary provisions on TPID websites. More specific details about the supplementary provisions will come as TPID Beijing works with AQSIQ to implement them.

About True Product ID

True Product ID produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. The Company delivers turnkey solutions for governments, armed forces, and industry, through its own proprietary technology and through aggregating the technology, products, and services of third parties via licensing agreements and or joint ventures. For more information about True Product ID, Inc., go to http://www.tpid.net. For more information about True Product ID Technology (Beijing) Limited, go to http://www.trueproductid.com/.

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 STATEMENT: This news release contains "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
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Publication:Business Wire
Date:Sep 4, 2007
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