COVINGTON, Ky. , Feb. 25 /PRNewswire-FirstCall/ -- Valley Forge Composite
Technologies, Inc., (OTC Bulletin Board: VLFY), manufacturer and marketer of
breakthrough cargo/baggage and people screening technologies and aerospace
products, reported that it has received an order for its momentum wheel line
of satellite products from a microsatellite company for more than
Valley Forge CEO Lou Brothers said, "This is an order from a new customer that is expected to be the first in a long-term relationship."
The products, which are scheduled to be delivered before September, are part of the attitude control system of a satellite. Valley Forge has been producing these innovative wheels for 12 years, which are distinguished by their high-speed, full complement, retainerless bearings and other technical improvements that result in optimization of mass, power and torque. The company also supplies high accuracy and lightweight star tracking cameras and inertial measurement units.
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.