Universal Detection Technology Partners with New Air Technologies.LOS ANGELES -- Universal Detection Technology (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :UDTT) - The Company announced today that it has entered into an agreement with New Air Technologies (NAT (Network Address Translation) An IETF standard that allows an organization to present itself to the Internet with far fewer IP addresses than there are nodes on its internal network. ), a company that provides building decontamination decontamination /de·con·tam·i·na·tion/ (de?kon-tam-i-na´shun) the freeing of a person or object of some contaminating substance, e.g., war gas, radioactive material, etc. de·con·tam·i·na·tion n. solutions, to collaborate on marketing activities and to cross-refer each company's products and services to their respective customers. The parties anticipate that any agreement reached in connection with the cross-referral of each others products and services shall be on a non-exclusive basis. It is further anticipated that when BSM-2000 is installed in a hotel or a residential/commercial building, UDTT will agree to offer the option of using NAT as the decontamination partner. Similarly, NAT shall refer UDT UDT User Defined Type UDT User-Defined Table UDT Underwater Demolition Team (US Navy SEALs) UDT Uniform Data Transfer (COM-based technologies) UDT União Democrática Timorense to those of its clients that might be interested in being protected against a possible biological terrorist attack. "Our plan is to increase market recognition for BSM-2000 through partnerships with companies such as NAT as a way of more efficiently channeling our product to end-users who are concerned about the safety of their premises," said Jacques Tizabi, UDTT's Chairman and 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. . About Universal Detection Technology Universal Detection Technology (UDT), founded in 1973, is a developer of monitoring technologies, including bio-terrorism detection devices. Management believes that the Company's technology, together with third party technologies and devices, has positioned it to capitalize on growth and value opportunities related to Homeland Security. Universal Detection Technology, in cooperation with NASA's Jet Propulsion Laboratory “JPL” redirects here. For other uses, see JPL (disambiguation). Jet Propulsion Laboratory (JPL) is a NASA research center located in the cities of Pasadena and La Cañada Flintridge, near Los Angeles, California, USA. (JPL (language) JPL - JAM Programming Language. ) has developed a bio-terror 'smoke' detector, which combines JPL's spore detection technology with UDTT's aerosol capture device. For more information, please visit http://udtt.invrel.net or http://www.udetection.com. About New Air Technologies New Air Technology is active in the field of building decontamination. The company addresses the demands for improved indoor air quality Indoor Air Quality (IAQ) deals with the content of interior air that could affect health and comfort of building occupants. The IAQ may be compromised by microbial contaminants (mold, bacteria), chemicals (such as carbon monoxide, radon), allergens, or any mass or energy stressor for facilities management clients. New Air Technologies represents the cutting edge of technology and innovation for being able to offer an engineered Indoor Air Quality Assurance Solution. While the technologies and methodologies that NAT utilizes have been well studied and documented by the scientific community, the synergy of their interaction produces a unique and a superlative way for providing a true "real time" solution for providing superior indoor air quality 24 hours a day, 7 days a week. There is no "stand alone" system that can address the issues at hand-airborne contaminants, volatile organic compounds (VOC's) humidity control and oxygen depleted de·plete tr.v. de·plet·ed, de·plet·ing, de·pletes To decrease the fullness of; use up or empty out. [Latin d environments. Any facility to be addressed with NAT's engineered system would be unique to that home and/or commercial building. Each system is designed to take into consideration the specific function of the building, the number of people, the level of contaminants, and oxygen levels found prior to starting the job. Except for historical information contained herein, the statements in this news release are forward-looking statements that 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. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties include, among other things, the funding of amounts of capital adequate to provide for our working capital needs and our timely repayment of debt, our ability to timely and cost effectively complete the development and testing of our products targeted to the bio-chemical market, our ability to commercially produce our products on a profitable basis, commercial acceptance of our products, product price volatility, product demand, market competition and general economic conditions, and other factors described in the Company's filings with the Securities and Exchange Commission. We undertake no obligation and do not intend to revise or update publicly any forward looking statements for any reason. |
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