Universal Detection Technology Receives Purchase Order from Quantum Automation

Universal Detection Technology (UDTT) announced that it has received a purchase order from Quantum Automation (QA), its exclusive distributor in Singapore, Malaysia, and Thailand, for one unit of its BSM-2000, an Anthrax Smoke Detector. This purchase order satisfies QA's purchase obligation under their distribution agreement announced on March 18, 2005. The BSM-2000 will be used for marketing, training, and demonstration purposes in the regions where Quantum Automation will market UDTT's detection systems.

Key Takeaways:

• The purchase order is for one unit of UDTT's BSM-2000, an Anthrax Smoke Detector, for marketing, training, and demonstration purposes.
• The sale satisfies QA's purchase obligation under their distribution agreement announced on March 18, 2005.
• UDTT will send members of its technical staff to Quantum Automation's facilities for training and demonstrations on the BSM-2000's mechanism of operation, maintenance, and troubleshooting.
• The purchase order calls for delivery of the unit in the third fiscal quarter, with payment due within 120 days after delivery.
• The BSM-2000 is a bio-terror 'smoke' detector developed jointly by UDTT and NASA's Jet Propulsion Laboratory (JPL).

Statistics:

• 1 unit of BSM-2000 purchased by Quantum Automation.
• Payment due within 120 days after delivery.
• Third fiscal quarter delivery date.
• UDTT was founded in 1973.
• Quantum Automation has been in business since 1979.

Sources:

• Business Wire, April 28, 2005.
• Universal Detection Technology, UDTT INVREL website.
• Quantum Automation, company information.