Crystal Research Associates, LLC Issues Executive Informational Overview(R) (EIO)(R) on Valley Forge Composite Technologies, Inc.
NEW YORK, July 28 /PRNewswire-FirstCall/ — Crystal Research Associates, LLC announced today that it has issued an Executive Informational Overview((R)) (EIO((R))) on Valley Forge Composite Technologies, Inc. (OTC Bulletin Board: VLYF). The full 48-page report can be found at www.crystalra.com.
Valley Forge Composite Technologies, Inc. (“Valley Forge” or “the Company”) develops, manufactures, and distributes next-generation counter-terrorism detection systems as well as instruments for use in satellite systems and other aerospace applications. The Company’s main focus is the development and commercialization of its counter-terrorism products, including THOR LVX, an advanced cargo/baggage screening system, and ODIN, a personnel screening system.
THOR LVX works by penetrating baggage or sealed cargo containers with high-energy gamma rays to perform a direct chemical detection of narcotics and explosives. By analyzing the chemical signature of the hidden compounds, THOR LVX can determine the identity, location, and quantity of any hazardous materials. THOR LVX can detect the presence of any explosives or narcotics hidden in the cargo container in as little as 30 seconds. According to the Company, THOR LVX provides more accurate detection (+99.6% accuracy), all but eliminating false positives; quicker detection, eliminating the need to manually inspect containers and resulting in a scanning speed that is more than three times faster than the competition; and lower operating costs, expected to be on par with or lower than the competition. The THOR LVX technology is currently in the final stages of testing by the U.S. Department of Energy (DoE), and the Company expects DoE testing and reporting during the third quarter 2009.
ODIN, the passenger scanning device, provides a high-contrast and near medical quality image from which operators can detect a wide range of hazardous materials, such as plastic or composite weapons, glass vials, narcotics, and explosives. The system’s ability to detect metallic and non-metallic articles, high throughput (720 persons per hour), and convenience (does not require individuals to remove shoes, coats, or personal belongings) provides advantages over alternatives currently in use. In addition, the Company markets LOKI, a nuclear explosion detection system, as well as small satellite control instruments for aerospace entities such as the U.S. National Aeronautics and Space Administration (NASA).
About Crystal Research Associates, LLC
Crystal Research Associates, LLC is an independent research firm that provides institutional-quality, fee-based research to small and mid-cap companies. Crystal Research Associates’ unique and novel product, the Executive Informational Overview((R)) (EIO((R))), is free of investment ratings, target prices, and forward-looking financial models. The EIO((R)) presents a crystal clear, detailed report on a company (public or private) in a manner that is easily understood by the Wall Street financial community. The EIO((R)) details a company’s product/technology/service offerings, market size(s), key intellectual property, leadership, growth strategy, competition, risks, financial statements, key events, and other such fundamental information. Crystal Research Associates has offices in New York City, Delray Beach, Montreal, and Toronto. Crystal Research Associates has been compensated by the Company in cash of thirty-five thousand dollars and fifty thousand Restricted Shares for its services in creating this report, for updates, and for printing costs.
Forward-Looking Safe Harbor Statement
Statements in this news release regarding future financial and operating results, potential applications of the Company’s technology, opportunities for the Company, and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “will,” “believes,” “plans,” “anticipates,” “expects,” “estimates,” and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements including, limited operating history, need for future capital, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company’s periodic reports, including forms filed with the SEC.
These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. Crystal Research Associates assumes no obligation to update any of the forward-looking statements in this release.
Contact: Jeffrey J. Kraws/Karen B. Goldfarb Crystal Research Associates, LLC P: (609) 306-2274, F: (609) 395-9339 email@example.comfirstname.lastname@example.org
SOURCE Valley Forge Composite Technologies, Inc.