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Electronic Sensor Technology Extends
Contract with Chinese Distributor
Thursday, November 1, 9:30 am ET
NEWBURY PARK, Calif.--(BUSINESS WIRE)--Electronic Sensor
Technology (EST) (OTCBB:ESNR
- News), 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”.
http://hsdailywire.com/printNewsletters/newsletter_v3n160print.htm#article4623
"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 to 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 the zNose® for environmental applications can
be obtained by using the following link:
http://www.estcal.com/TechPapers/Environmental/EnvironmentalProtection2006.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 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
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.
Contact:
Electronic Sensor
Technology
Frank Zuhde (805)
480-1994 X135
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