Security & Defense: Valley Forge Receives $1.7 Million Order
August 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Valley Forge Composite Technologies, Inc., (OTCBB: VLYF), manufacturer of cargo/baggage scanners, full-body scanners and aerospace products, said it has received a $1.7 million order for its detection line of products.
The company said that its orders to date for 2010 exceed $12.7 million. It adds that the cash generated by these sales provides the capital for the company to apply towards the commercialization of its ODIN and THOR-LVX next generation detection systems.
Kentucky-based Valley Forge Composite Technologies’ THOR LVX system is designed to detect nuclear material, explosives and contraband hidden in cargo containers and baggage.
VLYF is also marketing the Odin personal screening system for use in airports, high-security buildings and border entry points.
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