21st Century Technologies, Inc.'s (OTCBB:TFCT.OB) portfolio investment company, Trident Technologies, Inc., announced today that President George W. Bush has signed the FY 2005 Homeland Security Appropriation bill which contains $32 Billion in discretionary spending for the Department of Homeland Security.
A partial list of funding sources available for Trident's magnetic patch technologies includes over $5 billion for the Transportation Security Administration recommended for securing transportation, over $7 billion recommended for the United States Coast Guard, almost $4 billion for the Office of State and Local Government Coordination and Preparedness recommended for first responder grants and assistance, almost $5.5 billion for Emergency Preparedness and Response recommended for emergency preparedness and response (EP&R) activities, a total of almost $900 million for Information Analysis and Infrastructure Protection to identify and assess threats, map threat information against current vulnerabilities, issue warnings, and take preventive action, and over $1 billion for Science & Technology to support basic and applied research, development of prototypes, and procurement of systems to mitigate the effects of weapons of mass destruction.
Kevin Romney, President of 21st Century, commented, ``We expect that with the passage of this new appropriation bill, a substantial portion of these funds will qualify to purchase Trident products, including SeaPatch and ProMag magnetic-powered quick-seal devices. There is obviously no lack of funding available, and we plan to assist first responders and make it as easy as possible for them to gain access to funding for SeaPatch and ProMag devices.''
SeaPatch and ProMag magnetic-powered quick-seal devices have been type-approved by the American Bureau of Shipping and are used during emergency response training at the Department of Transportation's Emergency Response School in Pueblo, Colo., the Louisiana Emergency Response Training Center and the Texas Engineering Extension Service and recently approved for Department of Defense funds.