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News

Milestone reached in distributing PinPoint in western Europe.

Guardian Technologies International : 02 November, 2007  (Company News)
European distribution agreement reached for detection systems for use by European Governments and airports.
Guardian Technologies International has announced a milestone agreement with International Threat Detection Systems (ITDS), an industry-leading distributor and integrator of a comprehensive line of x-ray security and metal detection solutions.

ITDS also recently entered a key reseller and systems integration agreement with Madrid-based Prosegur Group, one of the largest and most respected multinational security companies with more than 75,000 employees worldwide. ITDS's agreement with Prosegur will significantly reduce the time and effort normally required to access proper government authorities for the distribution of Guardian's PinPoint product line. Prosegur has established relationships and offices in Spain, Portugal, France, Italy, and Romania in Europe; and Mexico, Colombia, Peru, Brazil, Argentina, Paraguay, Uruguay and Chile in Latin America.

For every five security employees in Spanish airports, Prosegur employs three, while in Portugal every employee inspecting carryon luggage is a Prosegur employee.

"The ITDS agreement is a truly landmark event for Guardian as we continue to move forward on all previously announced initiatives to commercialize our PinPoint product," said Bill Donovan, President and Chief Operating Officer of Guardian Technologies International. "Through the efforts of ITDS and Prosegur, PinPoint has been positioned for near-term deployment at airports in Spain and Portugal, leading to future government facilities deployment. The strength of their client relationships will allow Guardian to continue focusing on our strategic objectives."

The agreement also further validates PinPoint's unique capacity to complement and enhance current-generation baggage x-ray scanners with the ability to automatically and effectively detect, locate, and identify explosives and other types of threats that are not discernible with the human eye. PinPoint provides immediate safety and economic benefits by reducing the potential for human errors, reducing passenger wait times, improving image analysis speed, and by eliminating the majority of 'false alarms.' No other existing deployed technology can do this.

"ITDS has been blessed by its ability to deliver what in my opinion is, a revolutionary threat detection software technology and to have the distribution channel of an internationally recognized security consulting firm, Prosegur," said Angel Lorie, President and Chief Operating Officer of ITDS. "There are 77 total airports in Spain and Portugal, 34 of which are international airports, and the immediacy of PinPoint revenue in those airports is significantly enhanced by the strength and uniqueness of the product and the direct governmental relationships that Prosegur provides. I see Spain and Portugal as the pushing off point for future sales in the European Union, as well as PinPoint rollout throughout Latin America."

Guardian's PinPoint platform and product suite is protected by a robust patent portfolio. The Company is developing new technologies and plans to acquire complementary technologies to accelerate their high-growth business model.
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