SOURCE: Princeton Security Technologies

January 26, 2010 12:30 ET

Princeton Security Technologies Signs a New Distribution Agreement in Saudi-Arabia

PRINCETON, NJ--(Marketwire - January 26, 2010) - Princeton Security Technologies, Inc. (OTCBB: PSGY), through its wholly owned subsidiary, Princeton Gamma-Tech Instruments (PGT), a leading supplier of X-ray and Gamma-ray Detectors and Spectroscopy systems, portable Radioisotope Identifiers, announced today that it has signed a distribution agreement with Technology Experts Co in Riyadh , Saudi-Arabia.

Princeton Gamma-Tech Instruments signed a distribution agreement as well as received purchase orders with a total value of in excess of half a million US dollars ($500 000) in the Kingdom of Saudi-Arabia with a local company, Technology Experts Co. Technology Experts Co is a very specialized and experienced Radiation Detection service and equipment company. The recent orders include e.g. 60 Handheld Isotopic Identifiers; training and service equipment to be set up locally in Riyadh and some High Purity Germanium detector systems. Deliveries start immediately in the first quarter of 2010.

Dr. Leong Ying, Vice President of Sales and Business Development, stated, "We are very pleased with our new affiliation with Technology Experts Co, which we believe will provide Princeton Gamma-Tech Instruments continued sales growth, despite a very challenging market. We believe that the investments we've made in recent years in our R&D have positioned us favorably to compete in our increasingly global industry. This partnership with Technology Experts is a great example of it. Additionally, our ongoing focus to launch new products will generate sales globally."

About Princeton Security Technologies, Inc.:

Princeton Security Technologies, through its wholly owned subsidiary, Princeton Gamma-Tech Instruments (PGT), is a supplier of X-ray and Gamma-ray Detectors and Spectroscopy systems, portable Radioisotope Identifiers. The Company serves a broad customer base in scientific research, industrial materials analysis, and Homeland Security. PGT has its Sales, Customer service, R&D and Manufacturing operations 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.

Further information regarding Princeton Security Technologies and Princeton Gamma-Tech Instruments can be found at, contact:

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.

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