European Security Industry Executive Predicts Forthcoming Contracts for Guardian’s PinPoint Technology in Security and Threat-Detection Applications in Spain and European Union
Guardian Technologies International, Inc. (OTCBB:GDTI), innovators of groundbreaking threat detection technology with critical and immediate applications for the homeland security and healthcare markets, today announced the successful completion of the live, homemade explosives image collection project at a special facility provided by the Spanish government outside Madrid. With the completion of the data collection initiative, the Company will now develop the unique signature qualities necessary to detect a range of homemade explosive compounds that have been identified as among the gravest terrorist threats by security agencies throughout the European Union.
Thousands of images of targeted homemade explosives were collected during this phase of the testing process. The bags used to collect the images were packed to simulate the carry-on luggage that typically passes through airport security checkpoints. The images collected included various shapes and sizes of carry-on bags, varying contents, and known methods of concealment.
“We are very pleased with the results of this much anticipated image collection project in Madrid and believe that we are making exceptional headway on our mission to commercialize PinPoint in Europe,” said Bill Donovan, President and Chief Operating Officer of Guardian Technologies International. “We are working diligently to ensure our return to Madrid in November for final testing.
“During the image collection process I had the opportunity to observe the performance of PinPoint, prior to any development adjustments by the scientific staff at Guardian, and the preliminary results significantly exceeded my expectations,” said Antonio de Carcer, Product Development Director at Prosegur Group, a multinational security consulting and systems integrator with operations throughout the European Union and Latin America. “We maintain high expectations that the final PinPoint product will assist our clients to detect explosives and anxiously await the refinement of the signatures for the different types of homemade explosives included in the image collection project.”
“Guardian continues the development of strategic relationships throughout the world,” said Mr. Donovan. “These partnerships with security industry experts are essential to Guardian’s future growth.”
“Working closely with Antonio de Carcer, we have developed very important relationships with the airport authorities in Spain and Portugal, as well as the government authority overseeing the security of all Spanish government facilities,” said Angel Lorie, President of EGC Informatics. “It is our strong belief that Guardian will be the recipient of numerous contracts for PinPoint within each of those markets. It is our expectation that contract negotiations will commence immediately upon completion of the testing, which is scheduled in late November, and that these initial contracts will be the entry point to the entirety of the European Union.”
Guardian, under its Marketing and Licensing Agreement with EGC Informatics, has positioned PinPoint to initially address the aviation security markets in both Spain and Portugal, with the intent of expanding the marketing and sales footprint to the remainder of Europe.
Guardian’s PinPoint product line uses breakthrough technology designed to significantly improve the performance of x-ray screening devices by providing security personnel vastly improved abilities to identify explosives, drugs and other threats.
Initially designed for the concerns of aviation security, PinPoint(TM) will improve screener efficiency, reduce unnecessary traveler delays, and provide airport ownership with a return on their technology investment. Additionally, the software can be used for building security and train stations that are rapidly becoming a major security concern around the world.
About Guardian Technologies International
The impact of Guardian’s industry-first computer aided detection technologies are immediate and profound for helping to eliminate human error in both the Homeland Security and the Medical Industry sectors. The Company’s software solutions can be seamlessly installed to compliment existing imaging devices, such as baggage scanners and medical MRI, to scan the contents of any image and immediately identify items of interest not easily discernable by the human eye.
- Airport Security: Guardian’s technology compliments and enhances current-generation baggage x-ray scanners with the ability to automatically and effectively detect, locate, and identify explosives and other types of threats.
- Disease Identification: Existing medical imaging devices used in Computer Aided Detection (CAD) are further improved with Guardian’s auto-diagnostic ability to detect anomalous tissue (e.g., tumors) and other potential disease states or conditions.
- Technology-Independence: Because Guardian’s technologies utilize and process the actual image output generated by the original imaging systems, virtually any existing or future imaging device can be upgraded with Guardian’s products, delivering an instant, multi-billion dollar potential customer base with no competition.
Guardian’s technology and product development partnerships include a Cooperative Research and Development Agreement (CRDA) with the U.S. Department of Homeland Security- Science and Technology Directorate. The Company’s platform and product suite is protected by a robust patent portfolio. They are also ramping up new technologies and plan to acquire complimentary technologies to accelerate the Company’s high-growth business model.
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Forward Looking Statements
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, 2006, and its quarterly reports on Form 10-Q. Guardian expressly disclaims any obligation to update any forward-looking statements.
Guardian Technologies International, Inc.
Michael W. Trudnak, 703-464-5495
info@guardiantechintl.com
or
Financial Communications
Trilogy Capital Partners
Ryon Harms, 800-592-6067
ryon@trilogy-capital.com