NEWBURY PARK, Calif.--(BUSINESS WIRE)--Electronic Sensor Technology (EST), a leading provider of innovative homeland security and environmental solutions, announced the extension of its distribution agreement with Beijing R&D Technology for an additional year (2007-2008). Beijing R&D has been EST’s distributor in China since the fourth quarter of 2005 and they have successfully penetrated the Chinese market. Over the past two years, they have sold more than 70 units zNose® instruments principally for the measurement of pollutants in water under the China State EPA directives. Beijing R&D anticipates selling a further 55 units over the next year. An article appearing in Homeland Security Daily Wire (Vol. 3, No. 160, Friday, 7 September 2007) which discusses China’s efforts concerning it water pollution problem states “one American company benefiting from China’s effort to monitor and prevent water pollution is Newbury park, California-based Electronic Sensor Technology”.
"We are pleased to continue our relationship with Beijing R&D. They have had excellent results for the first two years and their expected growth reflects continuing sales into the environmental market as well as expansion into other markets” said Barry S, Howe President and CEO of EST. "We expect The Peoples Republic of China continues to be a major and growing market for us in connection with their continuing efforts to improve the environment as well as their continued industrial growth."
More information on the use of zNose® for environmental applications can be obtained by using the following link:
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 military applications, maritime port 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 the 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.
Electronic Sensor Technology
Frank Zuhde (805) 480-1994 X135