VOTI Detection Inc. announces commercial entry into the Indian market with first shipments to begin immediately
MONTREAL, Jan. 10, 2019 /CNW Telbec/ – VOTI Detection Inc. (“VOTI” or “the Company”) (TSXV: VOTI), a leading-edge Canadian technology company, announced today that it had received approval from the Government of India’s Atomic Energy Regulatory Board (AERB) to begin shipments of its X-ray scanning machines to the Indian market. Concurrent with receiving this approval, VOTI has entered into an exclusive distributor agreement with We Provide Security Consultants of India for the sale of VOTI’s latest generation X-ray security systems with its best in class 3D Perspective™ technology.
“We are extremely pleased with these important developments in India,” commented Rory Olson, President and CEO of VOTI Detection, “The Indian market is one of the largest markets for security products in the world and We Provide Security is one of the most highly regarded security consultants in the country. We are honoured that they have chosen to partner with us in bringing VOTI technology to India. This development underscores the significant global potential that VOTI is currently pursuing and we expect the Indian market to be a very important factor in the future growth of the Company over the next five years.”
“After doing an extensive search of all x-ray security providers, we determined that VOTI Detection technology is the best in class” commented Tarun Prakash and Anuj Prakash, Managing Directors of We Provide Security, “We decided that this was the product that we wanted to introduce to our clients in the Indian marketplace. We endeavor to provide the best technology to our customers and VOTI’s best in class 3D perspective imaging brings X-Ray screening to a new level of effectiveness. The Indian market, with it’s large potential, will embrace this technology and we are extremely proud to work with VOTI to enhance security screening in India.”
Shipments of VOTI products to India are expected to begin immediately. The first customer to receive VOTI X-ray scanners will be the Jammu & Kashmir Police. VOTI will deliver these units over the next few weeks.
About VOTI Detection
VOTI Detection, headquartered in Montreal, Quebec, and recently listed on the TSX Venture Exchange, is a leading-edge Canadian technology company that develops latest-generation X-ray security systems based on 3D Perspective™ technology. VOTI’s technology produces remarkably sharp and more revealing X-ray images that are competitively superior while delivering enhanced threat detection capabilities and an improved user experience. Since its inception, VOTI has installed scanners in more than 50 countries and has consulted heavily with government agencies and security specialists worldwide to develop feature-rich and easy-to-use scanners that meet the sophisticated needs of modern security screening operations.
Notice regarding forward-looking statements:
This release includes forward-looking information within the meaning of Canadian securities laws regarding VOTI Detection and its business. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”, “anticipates”, “believes”, “proposes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such statements are based on the current expectations of the management of VOTI Detection, and are based on assumptions and subject to risks and uncertainties. Although the management of VOTI Detection believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, including risks regarding the threat detection technology industry, failure to obtain regulatory approvals, economic factors, management’s ability to manage and to operate the business of VOTI Detection, the equity markets generally and risks associated with growth and competition. Although VOTI Detection has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and VOTI Detection does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE VOTI Detection
For further information: Michael Ickman, Chief Financial Officer, (514) 782-1566, IR@votidetection.com