COVINGTON, Ky. , Feb. 26 /PRNewswire-FirstCall/ -- Valley Forge Composite Technologies, Inc., (OTCBB: VLYF), manufacturer and marketer of breakthrough cargo/baggage and people screening technologies and aerospace products, reported that a Major Middle Eastern Country has signed a master agreement with the company, permitting its government agencies to purchase the company's Odin and Thor-LVX screening systems.
Under the terms of the master agreement, each relevant agency is permitted to initiate individual purchase agreements.
Valley Forge CEO Lou Brothers said, "We are pleased that the Odin and Thor-LVX detection systems have been awarded this important recognition from this important Middle East Country. We are looking forward to a meaningful long-term relationship."
The THOR LVX Explosive Detection System screens cargo containers and checked baggage, using gamma rays rather than x-rays that are currently being used. Instead of creating an image of what is inside, THOR LVX's gamma rays initiate a small scale photo-nuclear reaction which identifies the chemical composition of any explosive or narcotic plus the quantity and location. It is a perfect solution for ports, airports, military bases, international border crossings, government buildings and high-risk facilities
The ODIN Personnel Screening System is a very low dose digital imaging system that detects metal and non-metal objects hidden on or inside the human body. It has high contrast sensitivity, which detects non-metallic items, such as sheet explosives or narcotics hidden in clothing, swallowed or in body cavities. It is safe for pregnant women, maintains privacy and scans individuals in about 5 seconds per person, or up to 720 persons per hour, without requiring the removal of shoes and jackets.
About Valley Forge Composite Technologies, Inc.
Valley Forge Composite Technologies, Inc. develops, manufactures and distributes next-generation detection systems. Its THOR LVX system detects nuclear material, explosives and contraband hidden in cargo containers and baggage, even through shielding. It can also detect illicit substances. Thor is being completed under an agreement with the U. S. Dept. of Energy's National Nuclear Security Agency, Lawrence Livermore National Laboratory and the Lebedev Institute in Russia . VLYF is also marketing the Odin personal screening system for use in airports, high-security buildings and border entry points. More information about Valley Forge Composite Technologies, Inc. can be found at www.vlyf.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. Statements in this press release that relate to Valley Forge Composite Technologies, Inc.'s future plans, objectives, expectations, performance, events, reports made by others, and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. These factors could include changes in economic conditions or government policies that may change the demand for the Company's products and services and could include other factors discussed in the sections of the Company's report on Form 10-KSB for the year ended December 31, 2007 as filed with the U.S. Securities and Exchange Commission, entitled "Description of Business" or "Management's Discussion and Analysis or Plan of Operation." This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Valley Forge Composite Technologies, Inc. uses paid services of investor relations organizations to promote the Company to the investment community. Investments in the Company should be considered speculative, and, prior to acquisition, should be thoroughly researched. Valley Forge Composite Technologies, Inc. does not intend to update these forward-looking statements prior to its reporting of its quarterly or annual results.
SOURCE Valley Forge Composite Technologies, Inc.