COVINGTON, Ky. , Feb. 5 /PRNewswire-FirstCall/ -- Valley Forge Composite Technologies, Inc., (OTC Bulletin Board: VLYF), manufacturer and marketer of breakthrough cargo/baggage and people screening technologies, said recently completed tests show its photonuclear Thor LVX cargo/baggage detection system can detect trace elements of explosives and other illicit materials that other systems fail to identify. Moreover, the company said, the Thor LVX, also penetrates shieldings that thwart penetration by many other systems.
Valley Forge CEO Lou Brothers said, "These detection test results show that the Thor LVX may be the long sought-after system that can protect the world's cargo ports."
The breakthrough system works by penetrating baggage or cargo containers with a micro burst of high energy gamma beams, which are capable of penetrating through feet of steel or lead to generate quantitative molecular fingerprints of the contents. Any items containing the targeted isotopes of carbon, nitrogen and/or oxygen emit secondary gamma radiation in response. THOR LVX measures the amount of energy released and the elapsed time in milliseconds in order to identify the chemical composition. Patented software is used for analyzing the signals.
"We are proud to declare that as of today, the photonuclear strategy used by our THOR-LVX system has been confirmed as feasible for this purpose," he explained.
These successful results complete the detector development stage of THOR-LVX. Final testing, leading to complete certification, is ongoing with the goal to complete all work during the first half of 2009, according to Brothers.
The completed application of THOR LVX will enable the scanning of containers in as little as 30 seconds with high confidence levels. The digital signals can be transmitted to the proper authorities instantaneously putting these agencies in unprecedented control of ports and borders.
Numerous countries have expressed interest in THOR LVX and the first Export License has been received.
Currently, only a small fraction of incoming shipping containers are being screened. THOR LVX proposes to mitigate these problems by becoming the new Advanced Cargo and Baggage Screening system with the highest accuracy and capability. THOR LVX with its high accuracy and high speed is capable of providing the performance enhancement necessary for the scanning of all cargo.
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.
Forward-Looking Statement
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, 2006 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.
PR/Media Relations Contact: Richard Stern, Stern & Co. [email protected] Tel: 212-888-0044 Company Contact: Katie Robinson, Investor Relations Valley Forge Composite Technologies 859 581 5111SOURCE Valley Forge Composite Technologies, Inc.
