SOURCE: Powersafe Technology Corporation
PARAMUS, NJ--(Marketwire - Mar 19, 2013) - PowerSafe Technology Corporation (PINKSHEETS: PSFT) announced today that its wholly owned subsidiary, Amplification Technologies Inc. (ATI) (www.ampti.net), last week shipped its single largest order to date, $68,000 of engineering samples. This is a repeat order from a Fortune 500 company who has tested and evaluated ATI's devices extensively.
"Both we and our customer are very pleased with the performance of our devices," said Mikhail Leibov, CEO of ATI. "They were chosen for their dramatically improved capabilities that meet the demands of next generation ultra-sensitive detection systems."
About PowerSafe Technology Corp. (PINKSHEETS: PSFT)
PowerSafe Technology Corp. (www.ampti.net) seeks to transform the field of low-level signal detection. The company's patented platform semiconductor technology has the potential to offer unparalleled and far-reaching benefits to industries such as night vision, medical diagnostics, remote sensing, aerospace, and scientific instrumentation. The technology has been successfully used to develop extremely sensitive detectors of low levels of light and the company believes its detectors will be used in many existing applications as well as open up new markets. The technology is also patented to encompass detection of signals other than light, and could in principle be used to create highly sensitive biological, radiological, electrical, and chemical sensors.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of PowerSafe. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties inherent herein and in publically available information about PowerSafe. Such risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.