LOS ANGELES, CA -- (Marketwire) -- 02/07/12 -- Universal Detection Technology (OTCBB: UNDT), a leading developer and reseller of biological, chemical, and radiation detection equipment, is the subject of a recent article in the Los Angeles Business Journal.
Focusing specifically on public fears resulting from last year's earthquake and nuclear disaster in Japan, the article notes a sharply increased market for radiation detection devices. 'A spate of large-scale disasters in recent years has added to worldwide demand for portable detection devices that monitor environmental hazards,' says Jacques Tizabi, CEO of Universal Detection Technology. 'Analysts see a growing market for such products and services in a world perceived to be increasingly dangerous in terms of not only radiological but also biological and chemical threats.'
Most of the firm's customers are security companies and government agencies. The Company also sells directly to end users through its website.
A new smartphone compatible radiation detector that the company is developing through an agreement with Honeywell International is designed to register radiation levels in food, clothing or other surfaces and subsequently share the accumulated data electronically. The device will utilize a cesium iodide scintillator for the detection of gamma rays and have a 0.001 to 9.999 µSv/h detection range.
'Both the detector and user-friendly smartphone application are being developed with the objective of creating a state-of-the-art device unique in the radiation detection industry,' adds Tizabi. 'While the first generation will be working with Apple's iPhone, future generations will work with any designated Bluetooth-ready smartphone.'
He notes that concerns over radioactive contamination in the Japanese food supply are driving sales for radiation detectors much as widely publicized anthrax attacks a decade earlier resulted in a continuing institutional demand for testing kits.
'The security concerns behind such demand are not likely to fade any time soon,' says Tizabi.
About Universal Detection Technology
Universal Detection Technology (UNDT) is a developer of monitoring technologies, including chemical, biological, radiological, nuclear (CBRN), and mold detection devices. The company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. The Company is a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and chemical agent detectors. For more information, please visit www.udetection.com.
Forward Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.