OWINGS MILLS, Md., Dec. 13, 2011 /PRNewswire/ -- Universal Security Instruments, Inc. (NYSE AMEX: UUU) today announced that two models of its revolutionary carbon monoxide plug-in alarms are now available for sale in the United States. These ultra-low profile, compact models feature direct outlet plug-in capability using a single sensor to detect the presence of both carbon monoxide and natural gas (methane).
Harvey Grossblatt, the Company's Chief Executive Officer, commented, "We are excited to introduce these new products to the U.S. retail market. We expect that Universal's new plug-in Carbon Monoxide alarms will be a significant growth driver for our Company next year. We believe that being able to offer a dual-sensing gas detector at a cost which is similar to the current market for single gas detectors creates a compelling value for the consumer."
UNIVERSAL SECURITY INSTRUMENTS, INC. is a U.S.-based manufacturer (through its Hong Kong Joint Venture) and distributor of safety and security devices. Founded in 1969, the Company has an over 40-year heritage of developing innovative and easy-to-install products, including smoke, fire and carbon monoxide alarms. For more information on Universal Security Instruments, visit our website at www.universalsecurity.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws that inherently include certain risks and uncertainties. Actual results could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, among other items, our Hong Kong Joint Venture's respective ability to maintain operating profitability, currency fluctuations, the impact of current and future laws and governmental regulations affecting us and our Hong Kong Joint Venture and other factors which may be identified from time to time in our Securities and Exchange Commission filings and other public announcements. We do not undertake and specifically disclaim any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements. We will revise our outlook from time to time and frequently will not disclose such revisions publicly.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts