PowerSafe Technology Devices to Be Used in a Production Application
21 Oktober 2010 - 7:47PM
Marketwired
PowerSafe Technology Corporation (PINKSHEETS: PSFT) announced today
that its wholly owned subsidiary Amplification Technologies Inc.
(ATI) (www.ampti.net) has sold its devices to a customer for
production implementation in an optical sorting application. The
implementation will allow this manufacturer of automated sorting
equipment to provide more effective sorting capabilities with their
new machine.
"We are excited that this customer has recognized the unique
capabilities our devices can provide for their application," said
Avery Kornbluth, COO of ATI. "We believe that our breakthrough Near
Infrared detector will be useful to other manufacturers of optical
sorting equipment as well."
"Optical sorting represents a new market for ATI's devices,"
said Jack Mayer, President of PowerSafe. "We believe that the
characteristics that led this manufacturer to choose our technology
will open up many other new markets for us as well."
About PowerSafe Technology Corp.
(PINKSHEETS: PSFT) PowerSafe Technology Inc.
(www.psftinc.com) seeks to transform the field of low-level
signal detection. The company's patented platform semiconductor
technology has the potential to offer unparalleled and far-reaching
benefits to industries such as medical diagnostics, remote sensing,
aerospace, scientific instrumentation and homeland security. The
technology has been successfully used to develop extremely
sensitive detectors of low levels of light and the company believes
its detectors will be used in many existing applications as well as
open up new markets. The technology is also patented to encompass
detection of signals other than light, and could in principle be
used to create highly sensitive biological, radiological,
electrical, and chemical sensors.
Forward-Looking Statements This release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All forward-looking statements are inherently
uncertain as they are based on current expectations and assumptions
concerning future events or future performance of PowerSafe.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which are only predictions and speak
only as of the date hereof. In evaluating such statements,
prospective investors should review carefully various risks and
uncertainties inherent herein and in PowerSafe's SEC filings. Such
risks and uncertainties could cause actual results to differ
materially from those indicated in the forward-looking
statements.
Contact: PowerSafe Technology Corp. Jack Mayer Pres. Email
Contact or Avery Kornbluth COO Email Contact 718-951-8021
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