Source Announces Potential To Irradiate Mail for Anthrax
Rad Source Announces Potential To Irradiate Mail for Anthrax
BOCA RATON, Fla., Oct 22, 2001 (BUSINESS WIRE) -- We have received many
inquiries from our stockholders and potential customers as to our ability to
inactivate anthrax in mail. Our design model of a low energy x-ray source
shielded in a small cabinet is capable of effectively irradiating anthrax sent
through the mail.
Rad Source (OTCBB:IRAD) in conjunction with developers of a high output x-ray
source, have concluded that an x-ray irradiator utilizing the combined
technologies of both groups, has the ability to inactivate anthrax spores in
mail. Based on final validation and a formalization of agreements, a small
irradiator the size of a refrigerator using only x-ray (no radioactivity) would
be available in January of 2002. The technology is also scalable to continuous
use without increased shielding.
This accelerated development of the high output technology will give us the
ability to enter food irradiation and medical instrument sterilization markets
much sooner than expected.
Randol Kirk President and CEO of Rad Source Technologies Inc. stated, "In my
opinion every mail room in the country would potentially have a need for our
irradiating technology. The design and pricing of this equipment will make it
easily available to every business, institution or agency in any country that
may require protection for their employees and assets from bio-terrorist
exposure."
About Rad Source Technologies, Inc.
The Company is in the business of developing and selling x-ray technology
products for medical, scientific and industrial use. Its primary products
substitute friendlier, non-radioactive radiation for highly regulated
radioactive-isotope based equipment. The Company developed and holds a patent on
the RS 3000 Blood Irradiator in the U.S. The Company's research and product
development efforts include non-radioactive source radiation for various
industrial applications and food irradiation.
Except for the historical information contained herein, the matters discussed in
this news release may contain forward-looking statements made under the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. All
forward-looking statements involve risks and uncertainties. Rad Source
Technologies, Inc.'s actual results may differ materially from the results
discussed in the forward-looking statements. Among the key risks, assumptions
and factors that may affect operating results, performance and financial
condition are the Company's inability to commercialize its technology, ability
to continue and manage its growth, liquidity and other capital resources issues,
competition and the other factors discussed in detail in the Company's filings
with the Securities and Exchange Commission.
CONTACT: Rad Source Technologies, Inc., Boca Raton
Will Hartman, 561/482-9354
whartman@radsource.com
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