TraceGuard and OSI Systems Subsidiary Rapiscan to Jointly Develop New Bulk/Trace Explosive Detection System; Company Joins Industry Leader to Improve Aviation Security.PETACHTIVKA, Israel and NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- TraceGuard Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : TCGD), a developer of innovative security technologies and solutions, today announced that it has entered into a 12-month joint development program with Rapiscan Systems ("Rapiscan"), a subsidiary of OSI Systems OSI Systems, Inc. (NASDAQ: OSIS) is a worldwide company based in California that develops and markets security and inspection systems such as airport security X-ray machines and metal detectors, medical monitoring and anesthesia systems, and optoelectronic devices. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : OSIS OSIS Open Source Information System (now Intelink-U; US DOD) OSIS Ocean Surveillance Information System OSIS One-Stop Internet Shop (European Union) OSIS Open Scriptural Information Standard ), in order to develop TraceScan, an advanced combined bulk/trace detection system for interdiction INTERDICTION, civil law. A legal restraint upon a person incapable of managing his estate, because of mental incapacity, from signing any deed or doing any act to his own prejudice, without the consent of his curator or interdictor. 2. of explosive devices and weapons Upon development, TraceScan will be marketed exclusively by Rapiscan primarily to the U.S. Government and also through its global direct sales and distributor network. The principal objective of the TraceScan system is to be the centerpiece of a fully integrated checkpoint x-ray system with secondary screening based on automated trace extraction and detection capabilities that can be easily integrated into current aviation passenger checkpoints. TraceScan will seek to improve accuracy of detection for both explosive and non-explosive weapons, as well as to achieve higher passenger checkpoint efficiency, throughput and lower manpower requirements Human resources needed to accomplish specified work loads of organizations. by reducing the number of screeners needed at checkpoints. To complete the development of TraceScan, engineers from both companies will integrate TraceGuard's CarrySafe system for automated trace extraction and collection of hazardous materials with Rapiscan's recently-launched 620XR transmission x-ray inspection system, and its automated baggage conveyance system which separates cleared items from items selected for secondary screening. CarrySafe is designed for carry-on luggage and is currently at an advanced stage of development. TraceScan intends to also incorporate an off-the-shelf Ion Mobility Spectrometry (IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. ) explosive trace detection Noun 1. explosive trace detection - a system for screening luggage in airports; an agent passes a swab around or inside luggage and then runs the swab through a machine that can detect trace amounts of explosives ETD sensor from one of the leading providers currently on the market. Dr. Ehud Ganani, TraceGuard's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman, stated, "The development of TraceScan fulfills an important strategic objective for TraceGuard. Our goal remains to integrate TraceGuard's automated trace extraction technology into existing explosive detection systems. The joint development program with an industry leader such as Rapiscan is a first step in this direction and will allow us to further validate our system. The development program will also allow us to combine the benefits of non-explosive threat detection and bulk explosive detection Explosive detection is a non-destructive inspection process to determine whether a container contains explosive material. Explosive detection is commonly used at airports, ports and for border control. with the advantages of trace detection, and to offer an integrated system that maximizes the strengths of all the technologies involved." Mr. Peter Kant, Rapiscan Systems' Vice President for Government Affairs, stated, "We are excited about the potential of integrating multiple detection methodologies in a single system. The operational and security enhancements could prove exceptionally valuable." About TraceGuard TraceGuard Technologies Inc. develops innovative security technologies and solutions for explosives detection, a growth segment of the US and global homeland security market. The Company's systems are designed to improve the screening and detection of explosives, narcotics narcotics n. 1) techinically, drugs which dull the senses. 2) a popular generic term for drugs which cannot be legally possessed, sold, or transported except for medicinal uses for which a physician or dentist's prescription is required. , biological contaminants and other hazardous materials, and are targeted to meet the needs of airport and aviation security agencies worldwide. By advancing the efficacy and efficiency of trace extraction, TraceGuard's product suite offers dramatic improvement over the current mechanisms in place at present. TraceGuard is a US public company traded on the Over-The-Counter Bulletin Board (TCGD.OB). The Company's management team has broad experience and expertise in the international defense and homeland security sectors, including product development and engineering, operations, marketing and business development. TraceGuard is headquartered in New York and maintains a Research and Development Center in Tel Aviv, Israel. For additional information on TraceGuard, please contact TraceGuard at 1 866-401-5969 or at www.traceguard.com. About Rapiscan Systems Rapiscan Systems, a division of OSI Systems, Inc. is a leading supplier of high quality security inspection solutions utilizing X-ray and gamma-ray imaging, and advanced threat identification techniques such as neutron and diffraction analysis. The company's products are sold into four market segments; Baggage and Parcel Inspection, Cargo and Vehicle Inspection, Hold Baggage Screening and People Screening. The company has an installed base globally of more than 50,000 security and inspection systems. The Rapiscan Systems product line is manufactured at four locations and supported by a global support service network. For more information on Rapiscan Systems, please visit www.rapiscansystems.com. |
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