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You are here: Home arrow Home arrow Princeton Security Technologies Signs a New Distribution Agreement in Saudi-Arabia
Princeton Security Technologies Signs a New Distribution Agreement in Saudi-Arabia PDF Print E-mail

Princeton Security Technologies, Inc. (OTCBB: PSGY), through its wholly owned subsidiary, Princeton Gamma-Tech Instruments (PGT), a leading supplier of X-ray and Gamma-ray Detectors and Spectroscopy systems, portable Radioisotope Identifiers, announced today that it has signed a distribution agreement with Technology Experts Co in Riyadh , Saudi-Arabia. Princeton Gamma-Tech Instruments signed a distribution agreement as well as received purchase orders with a total value of in excess of half a million US dollars ($500 000) in the Kingdom of Saudi-Arabia with a local company,

Technology Experts Co. Technology Experts Co is a very specialized and experienced Radiation Detection service and equipment company. The recent orders include e.g. 60 Handheld Isotopic Identifiers; training and service equipment to be set up locally in Riyadh and some High Purity Germanium detector systems. Deliveries start immediately in the first quarter of 2010.

Dr. Leong Ying, Vice President of Sales and Business Development, stated, "We are very pleased with our new affiliation with Technology Experts Co, which we believe will provide Princeton Gamma-Tech Instruments continued sales growth, despite a very challenging market. We believe that the investments we've made in recent years in our R&D have positioned us favorably to compete in our increasingly global industry. This partnership with Technology Experts is a great example of it. Additionally, our ongoing focus to launch new products will generate sales globally."

 
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