SOURCE: Princeton Security Technologies, Inc.

January 13, 2011 11:45 ET

Princeton Security Technologies (OTCBB: PSGY) and Exigent Security Products to Deliver Radiation Detection System to Major National Military Medical Center

PRINCETON, NJ--(Marketwire - January 13, 2011) - Princeton Security Technologies, Inc. (OTCBB: PSGY), which develops radiation isotope identifiers and Area Monitors for the homeland security market, including hospitals, received a sizeable new order for its Radiation Detection Area Monitors from Illinois-based Homeland Security systems integrator, Exigent Security Products. Exigent Security Products already successfully installed the pilot system for the National Naval Medical Center, Bethesda, MD, in order to monitor the radiological materials used for patient treatments in the hospital.

This is the market entry for Radiation Detection Area Monitor technology for the huge national hospital market for both Princeton Security Technologies and for Exigent Security Products. The above-mentioned facility is one of the leading medical sites in the country which houses radiological materials for use in patient treatments. Due to the increasing threat of terrorist activities it is nowadays very important to monitor the all the usage and disposal activities of the Radioactive materials in the hospital.

Princeton Security Technologies, Inc. (OTCBB: PSGY), a leading supplier of Gamma-ray Detectors, Radiation Detection Area Monitors and Radioactive Isotope Identifier Devices (RIID), through its wholly owned subsidiary Princeton Gamma-Tech Instruments Inc. (PGT), announced that the new order for the sold instruments is using its patented identification algorithms. PGT collaborates with Exigent Security Products in this market and the units will be delivered in the 1st quarter of 2011.

About Princeton Security Technologies Inc.:
Princeton Security Technologies, through its wholly owned subsidiary Princeton Gamma-Tech Instruments, Inc. (PGT), is a supplier of Gamma-ray Detectors, Spectroscopy systems, Radiation Detection Area Monitors and Radioactive Radioisotope Identifier products. The Company serves a broad customer base in scientific research, industrial materials analysis, and Homeland Security. PGT has its headquarters with highly skilled R&D and manufacturing staff in its Princeton facility.

About Exigent Security Products:
Exigent Security Products, Inc. is a new, dynamic homeland security technology company specializing in the engineering, development and marketing of CBRNE detection and alert systems for a wide variety of industries. With proven solutions for air, ground and sea transportation; hospitals and medical facilities; public storage; military installations; government facilities; retail and commercial spaces, the company offers an efficient, economical solution for industries vulnerable to CBRNE-enabled mishaps or full-scale attack. The company's initial product offerings include a sophisticated series of gamma radiation detectors and hand held chemical sensors, providing a powerful, integrated solution. Advanced software allows for seamless deployment and command and control of sensors using sensor communications interfaces. Exigent is a Homeland Security systems integrator and developer based in North Barrington, Illinois.

Further information regarding Princeton Security Technologies can be found at www.PGT.com and investor contact: investorrelations@pgt.com

Exigent Security Products contact: Frank O'Conner, President, tel. #: (224) 633 1261, can be found at www.espsensors.com

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

  • Princeton Security Technologies
    Investor Contact:
    Email Contact

    Exigent Security Products
    Frank O'Conner
    President
    (224) 633 1261