SOURCE: Princeton Security Technologies

September 21, 2010 16:18 ET

Princeton Security Technologies (OTCBB: PSGY) to Deliver Over 100 Handheld Radioactive Isotope Identifiers (RIIDs) to Homeland Security Programs

PRINCETON, NJ--(Marketwire - September 21, 2010) -  Princeton Security Technologies, Inc. (OTCBB: PSGY), which develops custom nuclear detection solutions and radiation isotope identifiers for the homeland security market, received sizeable new orders for isotope identifier products in 3rd Quarter of 2010. The company ousted competitors like ICX Technologies, Inc. and Canberra Instruments, winning competitive tenders based on performance.

Princeton Security Technologies, Inc., a leading supplier of X-ray and Gamma-ray Detectors, Spectroscopy systems and Radioactive Isotope Identifier Devices (RIID) through its wholly-owned subsidiary Princeton Gamma-Tech Instruments Inc. (PGT), announced that it received new orders in the 3rd quarter of 2010 for instruments using its patented identification algorithms. PGT collaborates with OEM partners within the industry and represent a growing share of the world market. The patented algorithms are well respected within the DOE, the DOD and DNDO. The deliveries are expected to start in the 4th quarter of 2010. The Q3 new order has increased the current order backlog to approx. $1.5 Million. All PGT's products are manufactured in the United States and PGT's patented algorithms are a critical element in recent success. 

About Princeton Security Technologies Inc.:
Princeton Security Technologies, through its wholly owned subsidiary, Princeton Gamma-Tech Instruments, Inc (PGT), is a supplier of X-ray and Gamma-ray Detectors and Spectroscopy systems, and Radioactive Radioisotope Identifier products. The Company serves a broad customer base in scientific research, industrial materials analysis, and Homeland Security. PGT operates a full customer service and Reachback program via its partners, backed by highly skilled R&D and manufacturing staff in its Princeton facility.

Princeton Gamma Tech Instruments has brought leadership and technical innovation to the semiconductor gamma and X-ray detection field for over 35 years. Recent accomplishments include a state-of-the-art isotope identification technology for fixed and portable applications and a scalable software control application for the rapid deployment of multiple sensors. The corporation markets its off the shelf products and services directly, as well as via a distributor network domestically and internationally.

Further information regarding both companies can be found at www.PGT.com.
Investor Relations contact: Darren Dayton, OPTInvestor, LLC tel.#: (818) 370 7618

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

Contact Information

  • Investor Relations contact:
    Darren Dayton
    OPTInvestor, LLC
    tel.#: (818) 370 7618