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Press Release Source: Electronic Sensor Technology, Inc.
Electronic Sensor Technology Appoints Beijing R&D Technology as Exclusive Chinese Distributor for Z-Nose
Tuesday August 9, 9:00 am ET
Company Hopes to Build on Early Successes in Chinese Market
NEWBURY PARK, Calif.--(BUSINESS WIRE)--Aug. 9, 2005--Electronic Sensor Technology, Inc. (OTCBB: ESNR - News), a leading provider of innovative Homeland Security solutions, announced today that it has appointed Beijing R&D Technology, based in China, as its exclusive distributor for zNose® in the country. Under the agreement, Beijing R&D will be required to meet minimum annual purchase commitments in order to maintain exclusivity. The zNose® is an electronic sensor device that can capture and analyze nearly any odor, fragrance, or chemical vapor within ten seconds. Beijing R&D has already placed five orders for the product for environmental and homeland security applications.
"The Chinese market represents a substantial opportunity for the company," stated Matthew S. Collier, President and CEO of Electronic Sensor Technology, "The security market in China is still in its infancy and our Chinese partner has already demonstrated the ability to sell the zNose®. We believe its strong distribution capabilities and relationships with leading government and commercial entities positions Electronic Sensor Technology well for growth in one of the most lucrative markets in the world."
Additional information about how zNose® can be used as pre-screening tool for the environmental applications can be obtained by downloading the following technical paper from the company's website:
http://www.znose.com/download/AWMA-2005.pdf
About Electronic Sensor Technology:
Founded in 1995, Electronic Sensor Technology has developed and patented a chemical vapor analysis process. We believe that the Company's product line is positioned to eliminate key vulnerabilities in the homeland security market, specifically in maritime port, airport, and border security applications.
SEC Filings and Forward-Looking Statements
This press release includes forward looking statements, including the Company's expectations regarding its ability to develop and access capital markets and its ability to achieve expected results in the chemical detection and analysis industry. The forward looking statements are identified through use of the words "potential," "anticipate," "expect," "planned" and other words of similar meaning. These forward-looking statements may be affected by the risks and uncertainties inherent in the chemical detection and analysis industry and in the Company's business. The Company cautions readers that certain important factors may have affected and could in the future affect the Company's beliefs and expectations and could cause the actual results to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. For a discussion of these factors, please refer to our recent filings with the Securities and Exchange Commission, including our most recent report on form 10-KSB. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.
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Contact:
CEOcast, Inc.
Ed Lewis, 212-732-4300