Valley Forge Composite Technologies, Inc. Announces Execution Of Patent Applications And Patent Agreements Related To THOR-LVX
COVINGTON, Ky., Dec. 8, 2011 /PRNewswire/ -- Valley Forge Composite Technologies, Inc. ('Valley Forge', or 'The Company', OTCBB: VLYF), announces that all US Patent Applications, PCT Patent Applications and the Limited Exclusive Patent License Agreement regarding its THOR-LVX ™ photo-nuclear detection technology have been executed.
Completing these multiple patents and claims has been a major focus of the Company. In addition, the Company is working on its Beta THOR-LVX unit for cargo containers and airline baggage. The Alpha unit was completed in Russia in 2009.
The Beta unit will incorporate upgraded components, improving the performance and reliability of the Alpha unit. Previously, Valley Forge announced that it expected a fully functioning unit to be complete by the end of the year. This is not likely; however, Valley Forge is working to complete the Beta unit as soon as possible.About Valley ForgeValley Forge Composite Technologies, Inc. develops, manufactures and distributes next-generation detection systems and instruments. More information about Valley Forge Composite Technologies, Inc. can be found at www.vlyf.com. Forward-Looking StatementThe Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for certain forward-looking statements. Statements in this press release that relate to Valley Forge Composite Technologies, Inc.'s future plans, objectives, expectations, performance, events, reports made by others and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. These factors could include changes in economic conditions or government policies that may change the demand for the Company's products and services and could include other factors discussed in the sections of the Company's report on Form 10-K for the year ended 31 December, 2010 as filed with the U.S. Securities and Exchange Commission, entitled 'Business,' 'Management's Discussion and Analysis of Financial Condition and Results of Operations' and 'Risk Factors.' This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Investments in the Company should be considered speculative and prior to acquisition, should be thoroughly researched. Valley Forge Composite Technologies, Inc. does not intend to update these forward-looking statements prior to its reporting of its quarterly or annual results. ContactValley Forge Composite Technologies, Inc. Roe Brothers email@example.com Tel: (859) 581-5111 SOURCE Valley Forge Composite Technologies, Inc.
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