SOURCE: Security With Advanced Technology

June 16, 2008 09:00 ET

Security With Advanced Technology Reports Order From Denver Police Department for Veritas Launchers and Less-Lethal Products in Advance of DNC

Veritas Tactical Receives Initial Mark-IV Rifle Launcher Order That Includes VT-P8 Pistol Launchers, Projectiles and Accessories

LOUISVILLE, CO--(Marketwire - June 16, 2008) - Security With Advanced Technology, Inc. (NASDAQ: SWAT) reported that its Veritas Tactical business segment has received a purchase order from the City and County of Denver, for the Company's recently introduced rifle launcher and pistol launcher as well as projectiles and associated accessories. The purchase order includes 88 of the new Mark IV launchers representing approximately 80% of the order and the PO totals in the low six figures. The Denver Police Department conducted extensive testing and evaluation of the launchers prior to placing the purchase order and has requested delivery in advance of the upcoming Democratic National Convention to be held in Denver in August.

Ben Cook, Director of Veritas Tactical division, noted, "We are pleased with this purchase commitment as we believe that it is a strong validation of the benefits that our new Mark IV rifle launcher provides to law enforcement and military agencies. The Democratic National Convention will be a significant setting to demonstrate the less-lethal nature and tactical capabilities of our products, especially when compared to alternative systems." Cook added, "We continue to have follow-on discussions with multiple agencies which are currently evaluating the Mark IV rifle launchers."

SWAT CEO, Jeff McGonegal, added, "The receipt of this PO following extensive testing by Denver is exciting and hopefully marks the start of additional sales opportunities. We also continue to make progress on the steps required to consummate the merger with PepperBall Technologies that was announced on May 28, 2008."

About Veritas Tactical

The Veritas Tactical division of SWAT is on the cutting edge of product innovation for less-lethal weapons and tactical training. Veritas Tactical's goal is to provide innovative tools and training to increase the tactical effectiveness of law enforcement and military agencies worldwide. The division's products and training are currently only offered to military, law enforcement, and qualified personnel. To learn more about Veritas Tactical go to www.veritastactical.com.

About Security With Advanced Technology, Inc.

Security With Advanced Technology, Inc. is a provider of high-tech security products and services, which include non-lethal personal protection devices, surveillance and intrusion detection systems and mobile digital video surveillance solutions. SWAT's products and services are designed for government agencies, military and law enforcement, in addition to transportation, commercial facilities and non-lethal personal protection segments. For additional information visit www.swat-systems.com or call the corporate headquarters at (800) 498-7965.

Forward-Looking Statement

This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company and may not materialize, including, without limitation, the efficacy of the company's products and services, the company's ability to secure its ownership of, right to use and protect its intellectual property and proprietary technology and the company's ability to close the PTI acquisition, integrate the combined operations into a viable enterprise and to complete development of, launch and achieve acceptable levels of sales and margins for its products and services. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, the company does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC.

Contact Information

  • Contacts:
    Jeff McGonegal
    SWAT CEO
    303-475-3786

    Ben Cook
    Veritas Director
    303-952-3451