LOS ANGELES, Sept. 19, 2006 (PRIMEZONE) -- Universal Detection Technology (OTCBB:UDTT) (www.udetection.com (FWB:PO8), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats, announced today that it has shipped the second of two units of its BSM-2000 Anthrax Detector, to repeat customer pursuant to a purchase order.
In 2003, the demand for bio-terrorism defense products and services was estimated at $4.8 billion. 19% of the current bio-terror market is accounted for by vaccines, biodetection equipment, protective clothing, and respirators. Demand for bioterrorism equipment and services is forecast to grow 16% annually, reaching $10 billion in 2008. The second growing market segment will be biodetection equipment where sales will grow from $345 million in 2003 to $1.9 billion in 2008, equal to a 41% average annual growth rate.
"We are excited and look forward to more widespread interest in BSM-2000 as we approach the 5 year anniversary of the anthrax attacks in the U.S.," said Jacques Tizabi, UDTT's Chief Executive Officer. "Our bio-terror detection units have been developed based on a technology licensed from NASA's JPL and has been used in NASA's Planetary Protection Program. BSM-2000 has been designed to utilize this technology to provide a real time air monitor capable of detecting abnormal levels of bacterial spores, an indication of a possible anthrax attack," he added.
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bio-terrorism detection devices. The Company on its own and with development partners is positioned it to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA has developed a bio-terror 'smoke' detector that detects certain bio hazard substances. For more information, please visit http://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.