LOS ANGELES, July 15, 2005 (PRIMEZONE) -- Universal Detection Technology (OTCBB:UDTT) today welcomed the overhaul by the U.S. Department of Homeland Security (DHS) announced on July 13, 2005. The agency announced that it is "undergoing a massive overhaul to centralize its analyses of terrorism intelligence and place higher priority on bioterrorism."
Homeland Security Secretary Michael Chertoff was resetting top priorities in a bid to spur a sluggish bureaucracy beset by turf wars and growing pains. "Our department must drive improvement with a sense of urgency," Chertoff said in his remarks. "Our enemy constantly changes and adapts, so we as a department must be nimble and decisive". Transportation and border security are among Chertoff's top priorities and will be attributed more personnel, and detection and screening technology.
As part of the overhaul, a chief medical officer also will be named to oversee bioterror policy and coordinate responses to biological attacks by the Centers for Disease Control, which stockpiles vaccines and antidotes, and state and local officials. Poor information flow between federal agencies during the Washington area's false anthrax scare this year contributed to the decision to create this post, officials said.
"Following last week's devastating bombings of a bus and three trains in London, the world has once again come to realize the degree of unpreparedness and the importance of efficient monitoring of homeland, including the transportation system and national borders," said Jacques Tizabi, UDTT's Chairman and CEO. "We are proud to say that our three years of research and development has given us the capability to provide the nation and the civilized world with a practical solution for the threat of an anthrax attack. We believe that our endospore monitoring technology can significantly boost preparedness and save large numbers of people by alerting the authorities of a potential bioterrorist attack before large scale contamination," he added.
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About Universal Detection Technology
Universal Detection Technology (UDT), founded in 1973, is a developer of monitoring technologies, including bio-terrorism detection devices. Management believes that the Company's technology, together with third-party technologies and devices, has positioned it to capitalize on growth and value opportunities related to Homeland Security. Universal Detection Technology, in cooperation with NASA's Jet Propulsion Laboratory (JPL) has developed a bio-terror 'smoke' detector, which combines JPL's spore detection technology with UDTT's aerosol capture device. For more information, please visit http://udtt.invrel.net or http://www.udetection.com.
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties include, among other things, the funding of amounts of capital adequate to provide for our working capital needs and our timely repayment of debt, our ability to timely and cost effectively complete the development and testing of our products targeted to the bio-chemical market, our ability to commercially produce our products on a profitable basis, commercial acceptance of our products, product price volatility, product demand, market competition and general economic conditions, and other factors described in the Company's filings with the Securities and Exchange Commission. We undertake no obligation and do not intend to revise or update publicly any forward looking statements for any reason.