Security & Defense Watch: Valley Forge Technologies Wins $2.4 Million Of Orders
May 26, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Valley Forge Composite Technologies, Inc., (OTCBB: VLYF) said it has won contracts totaling $2.4 million in orders for its products including $1.1 million for Valley Forge Imaging Systems and $1.3 million for its legacy Valley Forge Aerospace business.
Valley Forge CEO Lou Brothers said, "After years of development this is our first order for our Imaging Products.”
VLYF's wholly owned subsidiary, Valley Forge Imaging Systems, is primarily focused on the sales, service and maintenance of a next-generation full body scanning system, ODIN.
ODIN uses ultra low dose radiographic imaging technology to create what the company calls, “near medical quality” images showing metallic and non-metallic weapons as well as sheet explosives and other concealed items.
VFIS sells and services other imaging products for specialty markets.
Kentucky-based Valley Forge Composite Technologies develops, manufactures and distributes detection systems. Its THOR LVX system is designed to detect nuclear material, explosives and contraband hidden in cargo containers and baggage, even through shielding.
VLYF is also marketing the Odin personal screening system for use in airports, high-security buildings and border entry points.
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