PARAMUS, NJ--(Marketwired - Jun 10, 2013) - PowerSafe Technology Corporation (
"We are very pleased with the award of our 5th U.S. patent," said Jack Mayer, President of PSFT. "It further deepens the patent protection around our breakthrough detection technology. We expect to file additional patent applications in the coming 12 months."
"PSFT's latest generation of devices, which are covered by our most recent patent, provide very high sensitivity to short wave infrared light (SWIR) without the need for cooling," said Mikhail Leibov, CEO of ATI. "Competing devices need to be cooled to about -55C° to achieve comparable sensitivity, which makes their use in consumer applications and many commercial applications unfeasible. We expect the superior sensitivity of PSFT's devices, coupled with the reduction in complexity, weight and energy consumption made possible by eliminating cooling, to open new horizons in imaging and night vision in both commercial and consumer applications.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of PowerSafe. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties inherent herein and in publically available information about PowerSafe. Such risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.