Universal Security Instruments Introduces Revolutionary Plug-In Carbon Monoxide/Natural Gas Alarm
OWINGS MILLS, Md., Aug. 31, 2011 /PRNewswire/ — Universal Security Instruments, Inc. (NYSE AMEX: UUU) (Universal) announced today the introduction of two revolutionary plug-in alarms which use a single sensor to detect the presence of both carbon monoxide and natural gas (methane). These models are designed to satisfy the requirements of the Canadian market place and will be introduced by a major Canadian retailer in time to take advantage of this year’s peak selling season for Carbon Monoxide alarms.
Harvey Grossblatt, the Company’s Chief Executive Officer, noted that, “Universal’s plug-in Carbon Monoxide alarms also provide the added protection of natural gas detection and will retail for approximately the same cost as our competitors’ carbon monoxide-only plug-in alarms. Deaths and injuries caused by natural gas leaks have become an increasing problem and this added protection should help to save many lives.”
UNIVERSAL SECURITY INSTRUMENTS, INC. is a U.S.-based manufacturer (through its Hong Kong Joint Venture) and distributor of safety and security devices. Founded in 1969, the Company has a 40-year heritage of developing innovative and easy-to-install products, including smoke, fire and carbon monoxide alarms. For more information on Universal Security Instruments, visit our website at www.universalsecurity.com.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws that inherently include certain risks and uncertainties. Actual results could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, among other items, our Hong Kong Joint Venture’s respective ability to maintain operating profitability, currency fluctuations, the impact of current and future laws and governmental regulations affecting us and our Hong Kong Joint Venture and other factors which may be identified from time to time in our Securities and Exchange Commission filings and other public announcements. We do not undertake and specifically disclaim any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements. We will revise our outlook from time to time and frequently will not disclose such revisions publicly.
SOURCE Universal Security Instruments, Inc.