LOS ANGELES, Aug. 7, 2006 (PRIMEZONE) -- Universal Detection Technology (OTCBB:UDTT) (FWB:PO8), a developer of early-warning monitoring technologies to protect people from bio-terrorism and other infectious health threats, announced today that it has licensed additional cutting edge technologies in the fields of Microbial Monitoring and Sterility Verification from the California Institute of Technology (Caltech).
The technologies were developed by Dr. Adrian Ponce, the technical group supervisor of the Life Detection and Sample Handling Technologies Group at NASA's Jet Propulsion Laboratory (JPL). Dr. Ponce is also visiting member at the Caltech chemistry and bioengineering departments. The technologies, as indicated on the patent applications with the US Patent Office include: "Live/Dead Assay for bacterial spores by airborne sampling" and "Airborne bacterial spores as an indicator of total biomass in an indoor environment."
"Commercializing the new technologies will allow UDTT to expand its range of products from bioagent detection to the fields of cleanup verification and Monitoring of Total Microbial Concentration," said Amir Ettehadieh, UDTT's Director of Research and Development. "We plan to elaborate on details of each technology in future releases," he added. Bacterial spore detection technology which UDTT has licensed from Caltech since 2002 currently serves as the basis for UDTT's BSM-2000 bacterial spore monitoring device.
"Our track record in commercializing technology we have licensed from Caltech to commercial stage and sales has encouraged Caltech to increase its involvement with us," said Jacques Tizabi, UDTT's CEO. "We plan to further develop UDTT's portfolio of monitoring technologies through our relationship with Caltech as well as other institutions and government laboratories," continued Tizabi.
About The California Institute of Technology Office of Technology Transfer
The Office of Technology Transfer (OTT) is responsible for the licensing and transfer of technologies from the California Institute of Technology (Caltech) and the Jet Propulsion Laboratory (JPL). OTT provides a service to Caltech faculty members, students, other Caltech researchers, and to JPL technologists by protecting the intellectual property developed in the Caltech and JPL laboratories. For more information, please visit http://www.ott.caltech.edu/
About Universal Detection Technology
Universal Detection Technology (UDTT), founded in 1973, is a developer of monitoring technologies, including bio-terrorism detection devices. 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://www.udetection.com.
Forward-Looking Statements
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. 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.