Universal Detection Technology Analysis of the Department of Homeland Security's $2.8 Billion Stimulus Plan Allocation
LOS ANGELES, CA, Feb 19, 2009 (MARKET WIRE via COMTEX) -- Universal Detection Technology (www.udetection.com) (OTCBB: UNDT), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, issued an analysis of the funds allocated to the Department of Homeland Security (DHS) as part of President Obama's $787 Billion Stimulus Plan. The DHS is set to receive a $2.8 billion budget boost as part of the plan.
The largest single item is $1 billion for the Transportation Security Administration (TSA) for technologies and tasks, including checked baggage explosive detection systems. These are generally systems that use X-rays and digital three-dimensional scanning. The U.S. Customs and Border Protection (CBP) also will receive $420 million to help pay for construction and renovation of land border ports of entry. Many of those border entry and exit points are being expanded and reconfigured in part to make room for sophisticated scanners and identification checking equipment.
The bill also directs $300 million into state and local grant programs for port security, rail security, and mass transit security. A large chunk of that grant money is likely to pay for IT-related systems, such as access control, camera monitoring, perimeter alarm systems, underwater surveillance and tunnel surveillance systems.
"We have been closely monitoring President Obama's Stimulus plan and we are prepared to take advantage of the opportunities it offers for companies in the Homeland Security sector," said Mr. Jacques Tizabi, UNDT's Chief Executive Officer.
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About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA, has developed a bacterial spore detector that detects certain biohazard substances. The Company is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and antimicrobial products. For more information, please visit www.udetection.com. |
