NEW YORK, Jan. 3, 2007 (PRIME NEWSWIRE) -- SecureLogic Corporation (OTCBB:SLGI), a provider of automated solutions for effective management of security screening and material handling, today announced that it has been awarded a 1.6 million US dollars contract to install an automated material handling system in Israel. The system will be installed in Israel by SecureLogic's subsidiary, SpaceLogic, and is to be completed by Q3 of 2007.
Gary Koren, CEO of SecureLogic, said, "We are very pleased to be able to start 2007 on a positive note with the announcement of this contract. In addition to the positive business impact of this project, it will serve as an opportunity to further establish the superior automation standards of our product line, and we anticipate enhanced business prospects for SecureLogic."
About SecureLogic
SecureLogic develops and markets systems that optimize the screening of bags and people through airports, seaports, border-crossings, or any other security screening operation. Its subsidiary, SpaceLogic Ltd., provides automated Baggage and Material Handling turn-key systems. SecureLogic's systems integrate unique security methodologies with state-of-the-art screening and baggage handling technologies, providing a comprehensive baggage screening and passenger screening security solution. For more information, please visit www.secure-logic.net .
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements, including those regarding the ability to fulfill contracts and profitability. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.