Guardian Technologies Enters Into R&D Agreement with Federal Transportation Security Laboratory; Federal Lab Will Test Guardian's PinPoint(TM) Threat-Detection Technology.HERNDON, Va. -- Guardian Technologies International, Inc. (OTCBB OTCBB See OTC Bulletin Board (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 “CRADA” redirects here. For other uses, see CRADA (disambiguation). A Cooperative Research and Development Agreement (CRADA) is an agreement between a government agency and a private company to work together. (CRDA CRDA Christian Relief and Development Association (Ethiopia) CRDA Centre de Recherche et de Développement sur les Aliments (French: Food Research Centre, Canada) ) with the federal Transportation Security Laboratory (TSL TSL Texas State Library TSL Transport Layer Security TSL Techsideline.com (website) TSL Teen Second Life (website) TSL The Svedberg Laboratory (Uppsala, Sweden) ) to test its PinPoint(TM) threat-detection technology. 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 Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control (FAA) William J. Hughes William John "Bill" Hughes (born October 17, 1932) is an American Democratic Party politician from New Jersey. He represented New Jersey's At-large congressional district in the United States House of Representatives for 20 years. Technical Center. CRDA programs under the TSL mission are conducted to accelerate and expand promising technologies to the point of operational test and evaluation (testing) operational test and evaluation - (OT&E) Formal testing conducted prior to deployment to evaluate the operational effectiveness and suitability of the system with respect to its mission. . Technologies that have successfully gone through this process are typically passed on to the TSA TSA See tax-sheltered annuity (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 DHS Department of Homeland Security (USA) DHS Department of Human Services DHS Department of Health Services DHS Demographic and Health Surveys DHS Dirhams (Morocco national currency) 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. 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 The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting , outcomes of government reviews, developments with respect to litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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. |
|
||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion