QRSCIENCES ENTER INTO AGREEMENT WITH GE SECURITY FOR EXPLOSIVES DETECTION PRODUCTS
QRSciences Holdings Limited, (“QRSciences”) (ASX:QRS) (QRSNY:PK) is pleased to announce that its subsidiary, QRSciences Security Pty Ltd, has entered into a Distribution Agreement with General Electric Security (GE Security) for its trace detection products.
The Distribution Agreement complements the technology licensing agreement that QRSciences entered into with GE Security in May of 2006 and further strengthens the relationship between the two groups.
Under the agreement QRS will represent GE Security’s trace detection product range in all markets in Australia and New Zealand including Aviation. GE Security trace products are the market leader in all Airports in Australia and are the product of choice globally for many border security applications for the detection of explosives and narcotics.
The GE Security product range will broaden the market reach for QRS in Australia and have an immediate impact on sales and profit for the group. The Company is hoping to extend the agreement to include additional GE Security products over time.
QRS CEO Rick Stokes said “GE Security is part of the General Electric Company one of the world’s largest industrial companies and we are delighted to move our relationship with them to a new level and to have the opportunity to partner with them in this region. The inclusion of the GE Security products in our current aviation and screening product range will drive further sales and profit for QRS in the future. The appointment of the Company as the distributor for GE Security in Australia is further testament of our growing reputation in the domestic security market in the region. ”
About GE Security
GE Security is a wholly owned subsidiary of the General Electric Company (NYSE:GE) focused on communication and information technologies for security, safety and lifestyle enhancements. Security has operations in more than 30 countries and is represented by some of the best-known brand names for intrusion, fire detection, access and building control, video surveillance, explosive and drug detection, key management and structured wiring. For more information about GE Security and its product offerings, please visit www.GESecurity.com
About QRSciences
QRSciences Holdings Limited is based in Melbourne, Victoria with offices in Perth, Western Australia and San Diego, California. Its wholly owned distribution business Q Video Systems is based in Port Melbourne, Australia. The primary commercial focus of the company is the design, development and sale of advanced technology systems, sub-systems, components and software for security related applications. Applications for its technologies and products include the detection of explosives and narcotics, metal detection and imaging, surveillance and monitoring.
For more information on the Company please visit www.QRSciences.com or www.qcctv.com.au , phone +61 3 9681 9854 in Australia or +1 (858) 613 8755 in the United States.
Mr. Rick Stokes
CEO
QRSciences Holdings Limited

