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DXSC Deutsche Bank Luxembourg SA

163.38
2.18 (1.35%)
22 Jul 2024 - Closed
Realtime Data
Name Symbol Market Type
Deutsche Bank Luxembourg SA TG:DXSC Tradegate Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  2.18 1.35% 163.38 162.88 163.86 162.96 161.88 161.88 18 22:50:12

Detex Begins Development of Next Generation Milliscope Technology

06/04/2006 3:00pm

PR Newswire (US)


Deutsche Bank Luxembourg (TG:DXSC)
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From Jul 2019 to Jul 2024

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TEL AVIV, Israel, April 6 /PRNewswire-FirstCall/ -- Detex Security Systems, Inc. (OTC:DXSC), a company that specializes in developing state-of-the-art security solutions, today announced that the Company has begun the reengineering and development of the second generation of its Milliscope technology. Detex intends to develop and convert its newly acquired Milliscope prototype into a fully functioning explosives screening device to be manufactured and distributed globally. The new prototype is expected to be demonstrated by the Company in October 2006. The Next Generation Milliscope will have the ability to detect contraband and plastic explosives using dual sensors for increased sensitivity that will greatly reduce false alarms and ensure extreme accuracy. The Milliscope, upon its completion, will have the capacity to serve as a standalone screening solution as well as a supplemental security device used to reinforce other security measures. Radu Cosmin, Detex's Chief Technology Officer, commented, "We are very excited to be moving forward with the Milliscope's development. The first generation prototype demonstrated that the Milliscope technology can detect dangerous plastic and other types of explosives. With the second generation prototype, we are incorporating specific modifications and enhancements and expect to move much closer to a device that can be mass-manufactured and used with only limited training." The Milliscope uses proprietary millimetric wave technology to rapidly and accurately detect plastic explosives such as Semtex and C-4, conventional explosives such as TNT, and other contraband such as metal and non-metal weapons and illegal drugs. Detex Security plans to market and distribute this portable state-of-the-art device as a detecting solution designed to provide security in public and private facilities such as airports, government buildings, schools, corporate offices and border checkpoints. For more information about Detex Security Systems, please visit the Company's website at http://www.detexsec.com/. About Detex Security Systems, Inc. Detex Security Systems specializes in developing state-of-the-art security solutions that use cutting edge technology to provide defense against acts of terrorism and other security threats. The Company's Milliscope prototype is an innovative handheld device that utilizes millimeter wave technology to instantly detect plastic explosives and other concealed contraband such as weapons and drugs in a non-invasive and efficient manner. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. DATASOURCE: Detex Security Systems, Inc. CONTACT: Gabriel Bitton, President and CEO of Detex Security Systems, Inc., +011-972-035117405; or Investor Relations, 1-800-596-8388, or +1-212-505-5976 Web site: http://www.detexsec.com/

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