Valley Forge Composite Technologies, Inc. News
Valley Forge Composite Technologies, Inc. Announces Recent Developments with its Operating Subsidiaries
Valley Forge Imaging Systems Inc.'s next-generation advanced Personnel Detection System, ODIN, was validated in March and passed or exceeded ANSI standards. The machines are suitable for virtually any location requiring the screening of people entering the facility and are immediately available for placement in locations worldwide. Valley Forge is presently negotiating with several foreign airports for the placement of multiple ODIN machines.
Valley Forge Detection Systems Inc.'s advanced Explosives Detection System, THOR, is in the final stages of development. Valley Forge recently attended a meeting with a division of the US Army about the development of an IED detection system. The company also has begun negotiations with various foreign governments for the sale and placement of THOR systems. Analysis and feasibility studies are being done, to determine locations suitable for THOR. Expected markets include airports, seaports, cargo terminals and border crossings.
The Lawrence Livermore National Laboratory, partners with Valley Forge on the developmental end of THOR, stated on page 17 of their 2005 annual report, "...In one such project, the laboratory is working with the Lebedev Physical Institute and Valley Forge Composite Technologies, Inc. on an accelerator-based device to detect hidden explosives in luggage and cargo. The explosives-detection system is based on a small-scale electron accelerator developed by Lebedev. The potential market for this technology is huge; the US market demand alone is approximately
The annual report can be accessed here: http://vlyf.tv/pdf/LLNL_2005_ANNUAL_REPORT.pdf , see page 17 for discussion of Valley Forge.
Bill H.R. 1 Becomes Law - Positively Impacts Valley Forge Imaging Systems and Valley Forge Detection Systems
On
The new law also mandates that within 5 years any container loaded on a vessel in a foreign port shall not enter
Valley Forge Aerospace continues to supply aerospace giants such as NASA and Northrop-Grumman with their line of light-weight, unique space instruments. Valley Forge is providing specialized, prototype Attitude Control Instruments to NASA's precise engineering specifications, and has extensive experience in the satellite momentum wheel and bearing fields. Valley Forge's composite rotor is lighter, more stable, and less expensive than metal rotors currently in use, so much so that Valley Forge received the NASA's Director's Award for their Composite Rotor and Space Bearings.
Valley Forge Emerging Technologies continues to closely monitor the marketplace for opportunities to adapt their current and other technologies to new products.
More information about Valley Forge Composite Technologies, Inc., its subsidiaries, and its systems can be found at http://www.vlyf.com. Demonstration and Industry related videos can be found here: http://www.vlyf.tv .
Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. Statements in this press release that relate to Valley Forge Composite Technologies, Inc.'s future plans, objectives, expectations, performance, events, reports made by others, and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. These factors could include changes in economic conditions or government policies that may change the demand for the Company's products and services and could include other factors discussed in the sections of the Company's report on Form 10-KSB for the year ended
Contact Information: Katie Robertson, Investor Relations Valley Forge Composite Technologies, Inc. 50 E. River Center Blvd. Suite 820 Covington, KY 41011 Tel. 859-581-5111 Fax 859-581-5116 or info@vlyf.com
SOURCE Valley Forge Composite Technologies, Inc.
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