NEW YORK--(BUSINESS WIRE)--May 16, 2006--TraceGuard (OTC:TCGD), a developer of innovative security technologies and solutions, announced today that plans to release its CarrySafe explosive trace extraction system are at an advanced stage. CarrySafe is designed to fully automate the extraction of explosive traces during the security screening of carry-on luggage and other carried items in airports, subway stations and areas that face a high risk of terror attacks.
It is anticipated that the CarrySafe explosive trace extraction system will leverage proprietary technologies to deliver a more cost-effective solution than traditional manual screening processes, while shortening inspection times. CarrySafe would use high-powered air jets, suction vents, and a flexible adaptive enclosure to compress and decompress air surrounding carry-on luggage or packages. Traces and particles found on both interior and exterior surfaces would automatically be extracted and collected, and quickly passed on for analysis by standard chemical analyzers. CarrySafe should allow security personnel to detect traces of explosive material and contraband with a much higher level of accuracy.
The CarrySafe explosive trace extraction system should also help accelerate passenger flows through security screening and maintain the highest level of security. In addition, the automated extraction system should dramatically reduce errors associated with manual screening procedures, offering a security process that is far less intrusive than traditional screening methods.
"Providing greater protection to transportation hubs against terrorist threats has become critically important in the post-9/11 world," said TraceGuard Chairman and CEO Dr. Ehud Ganani. "Unfortunately, manual screening does not offer adequate levels of security to transportation staff or to the public. In 2003, the US House of Representatives Subcommittee on Aviation reported on operational testing conducted by both TSA's Office of Internal Affairs and Program Review and GAO's Office of Special Investigations. The report described performance levels by manual screening personnel as 'disappointing,' leaving US transportation infrastructure vulnerable to attack. Our plan is that CarrySafe will augment manual security screening processes with an automated system that dramatically increases detection accuracy levels. And because CarrySafe is designed for deployment alongside existing screening equipment, airport authorities should be able to maintain their current infrastructure investments."
TraceGuard is in dialogue with US and international transportation officials regarding the future deployment of the CarrySafe explosive trace extraction system in transportation facilities.
Additional information about TraceGuard, CarrySafe, or the company's other future solutions is available at www.traceguard.net.
About TraceGuard
TraceGuard seeks to materialize and commercialize its innovative technology in the expanding market of explosive trace extraction and collection systems. The company plans to become a leading supplier of the core collection module and other products to major players in the transportation security industry. TraceGuard is a US publicly-traded company with headquarters in New York City and a Sales and Marketing office in Arlington, VA. For additional information, please visit www.traceguard.net.
"Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important factors that should be considered is contained in the company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law."
CONTACT: S&S Public Relations Belinda Banks, 908-685-2300 [email protected] KEYWORD: NEW YORKINDUSTRY KEYWORD: CHEMICALS/PLASTICS AIRLINES TRANSPORTATION MANUFACTURING PRODUCTSOURCE: TraceGuard
