LOS ANGELES, CA--(Marketwire - February 17, 2011) - Universal Detection Technology (www.udetection.com) (OTCBB: UNDT), a provider of a provider of early detection technologies for the homeland security market, reported today that it has entered into a distribution agreement with Ensoul Technology. Ensoul will act as UNDT's exclusive agent and distributor of the Company's biological and chemical weapons detection equipment in China. Universal Detection Technology's biological weapons detection equipment is used extensively by first responders and private industry throughout the country. The equipment, including UNDT's 5 agent biodetection kits, certified by the US Department of Homeland Security, has been evaluated by the US DOD as well as the United Kingdom military. UNDT's radiation detection equipment was utilized for the protection of sports venues at the 2009 Olympics in Beijing.
Ensoul Technology (www.ensoultech.com) is a leading international supplier of security solutions based in Beijing. The company is managed by a team of professionals with vast product knowledge and extensive service experience in relevant fields.
"While the US homeland security market continues to be solid and strong, we recognize that China and Asia Pacific are vast markets for our bio-detection and homeland security products. China is one of the few countries with a dedicated department of homeland security and according to a recent market research report published by ChinaCCM, the Chinese homeland security market reached $75.3 billion in 2010 and is expected to grow in the coming years," said Jacques Tizabi, UNDT's CEO. "Our distribution agreement with Ensoul Technology is part of our plan to continue to expand our presence internationally, especially to countries that are highly susceptible to terrorist acts," he added.
The Homeland Security Research Corporation (HSRC) forecasts that, led by the US, China, Germany, France, Japan and India, the annual global bio-detection market shall grow to $5.6 billion by 2016 at a CAGR of 12%. A recent market report (published by Visiongain) predicts that the homeland security market for countries such as the US, China, India, and Saudi Arabia are "set to experience strong growth in the coming decades as they grapple with a variety of internal and external threats to stability."
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About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company has developed a bacterial spore detector that detects certain biohazard substances. The Company is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and antimicrobial products. For more information, please visit www.udetection.com.
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.