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News

Radiation detection legal battle initiated by Paradigm

Paradigm Tactical Products : 08 September, 2008  (Company News)
Paradigm takes legal action against ACG for patent delivery failure in the field of radiation detection
Paradigm Tactical Products has filed a complaint for damages against ACG Security Group as a result of an alleged breach of contract by ACG.

These allegations arise from the purported failure of ACG to deliver rights to a patent for a certain radiation detection technology. Paradigm paid ACG monies for the right to acquire and market a patent which ACG claimed to own but failed to deliver. We now believe and intend to demonstrate that ACG never owned the patent which they sold to Paradigm. Paradigm was contacted by the developer of the patent who indicated that ACG was not the rightful owner of the patent. Management intends to put forth substantial evidence in trial to support its claim for damages.

The Company has since developed its own technology using competing and superior components which it is successfully marketing both domestically and internationally. Management believes that it will not only make significant sales of its radiation detection technology but also recover substantial damages for the alleged fraudulent activity by ACG leading to a considerable increase in shareholder value.
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