Paradigm Tactical Products Announces Development of Next Generation FriskerPro
21 October 2005Paradigm Tactical
Products (OTC: PDGT), a leading provider of non-lethal defense and homeland
security solutions to corrections, law enforcement and the security industry,
announced today it is developing the next generation of its patented
FriskerPro(R), the world's only hand worn metal detection device. The
FriskerPro is worn like a glove and improves upon the police pat-down search
technique, by eliminating direct contact with the suspect. Unlike traditional
'wand' style detectors, the FriskerPro allows officers to retain full use of
their hands, improving the officer's ability to respond to events as they
unfold.
Since the initial release of the original FriskerPro in 2002, thousands of
units have been sold.
Based on end-user feedback, the FriskerPro is being redesigned to be
lighter, more durable, and with increased functionality to meet evolving
customer needs. These enhancements will allow even greater application of the
Frisker Pro's patented technology to potential non security industry markets
that may include schools or live performance venues. The Company anticipates
the new version of the Frisker Pro to be available in 2006.
Daniel O'Riordan, Chairman, President and Chief Executive Officer of
Paradigm Tactical Products, said, "User response to the FriskerPro has been
extremely positive, both from current and prospective end-users and channel
partners. Police officers are perhaps the largest market for the FriskerPro.
With the national total police equipment budget in the $7-8 billion range, the
increasing market acceptance and demand for our product represents potential
growth opportunities for the Company. We anticipate that the new version of
the FriskerPro will accelerate sales into 2006 and beyond."
About Paradigm Tactical Products
Paradigm Tactical Products, based in Georgetown, Massachusetts, is a
leading provider of non-lethal defense and homeland security solutions to
corrections, law enforcement and security industry. The Company acquired the
exclusive transferable license to manufacture, market and sell the FriskerPro,
the only patented, hand worn metal detection device. As the heightened
attentiveness to terrorist and other security threats continue to increase,
Paradigm Tactical is ramping up its production and marketing efforts to meet
the higher demand for security and inspection systems. The Company has sold
over 2,000 FriskerPro hand worn metal detectors and the FriskerPro is
currently being used or tested by 13 Federal departments and agencies, six
state law enforcement and correctional agencies and eight local agencies. For
more information, visit: http://www.paradigmtactical.com.
Safe Harbor Statement Under The Private Securities Litigation Reform Act
of 1995: The statements in the press release that relate to the company's
expectations with regard to the future impact on the company's results from
new products in development are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. The results
anticipated by any or all of these forward-looking statements may not occur.
For further information, contact:
At the Company:
Paradigm Tactical Products
Daniel O'Riordan
Chief Executive Officer
866-FRISKER
dano@paradigmtactical.com
http://www.paradigmtactical.com
Investor Relations:
OTC Financial Network
Rick McCaffrey
Investor Relations
781-444-6100, ext. 625
rick@otcfn.com
http://www.otcfn.com/pdgt
Source: PR Newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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