HERNDON, Va.--(BUSINESS WIRE)--Guardian Technologies International, Inc. (OTCBB:GDTI), a leading provider of high-performance security and healthcare solutions based on "Intelligent Imaging Informatics" (3i™), today announced that it has signed a contract with Logos Imaging LLC (www.logosimaging.com) for ten licenses of Guardian’s threat assessment software technology for portable bomb detection scanners, PinPoint nSight™.
Logos Imaging is a worldwide distributor of portable X-ray scanner equipment used for Explosive Ordinance Disposal (EOD) and Improvised Explosive Device Disposal (IEDD). Logos Imaging has an installed base of hundreds of scanners serving state, local, and military bomb squads. The PinPoint nSight™ licenses present Logos with an innovative imaging-analysis technology that advances the existing capabilities of Logos’ portable digital imaging scanners. The purchased licenses are targeted for multiple Logos’ customers in the EOD/IEDD field. This domain has an embedded global base of over 15,000 portable X-ray systems and includes civil and military customers both in the U.S. and internationally.
Shawn Munn, President of Logos Imaging, said: “The PinPoint nSight™ image analysis software and the Logos Imaging System have the advantage of being fully compatible with the x-ray machines used by a vast majority of EOD/IEDD customers world-wide. This purchase will allow Logos to begin upgrading this extensive customer base to the next-generation of security radiography."
Guardian and Logos first introduced the PinPoint nSight™ technology in the autumn of 2006 through hands-on demonstrations at customer sites and technical presentations at tradeshows. In addition, Guardian acquired hundreds of radiographic images of explosive materials while visiting local and state bomb squads in the U.S. These images have been used to advance the PinPoint nSight™ technology and validate its performance in EOD and IEDD missions.
“The majority of the installed base of EOD/IEDD imaging systems is based on a film imaging medium that is reaching its end-of-life cycle,” said John McDaid, Guardian’s Director of Business Development. “The Logos Imaging System and PinPoint nSight™ imaging-analysis tool are well positioned to provide bomb squads and military EOD teams a superior next-generation solution.”
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. For additional information, visit www.guardiantechintl.com.
About Logos Imaging LLC
Logos Imaging is the first company to market a truly portable, computed radiography product to the EOD/IEDD community. Their new Digital Imaging System offers users a lightweight, larger format alternative to the instant print film systems currently in use worldwide. No single system on the market offers the combination of imaging medium size, outstanding image quality, portability, and price found in the Logos System.
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.
