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Exert from the Latest News Release:
President Doug Spring and Senior Vice President Buren Palmer conducted the demonstration. Trident Technologies has put together a state-of-the-art demo trailer so that complete demonstrations, exactly like the ABS test, may be performed on site at every potential customer facility. The demonstration today was the first performed for potential customers, and it could not have gone better. As expected, representatives from Exxon, the Coast Guard, MARAD, Garner Environmental, as well as ship owners, managers and other service-related companies were in attendance. Exxon and the Coast Guard filmed the demonstration and expressed enthusiasm about the possibilities of the Sea Patch. One Coast Guard member stated: "If I would have known about this, I could have used it last Friday on a vessel on the Mississippi River." Another member of the Coast Guard stated that, in his opinion, plants along the river would be crazy not to have these on their docks in case of collisions and possible leaks. The latter member is a key player in the issuance of fines for spills. Even people who were somewhat apprehensive at first left the demonstration amazed with the abilities of the Sea Patch and excited about the worldwide possibilities. Since Trident Technologies has a proven product (the only magnetic Sea Patch approved by the ABS), the company's sales force is eager to get out and sell Sea Patches. The company is expecting purchase orders in the next few weeks. As purchase orders come in the company will issue news releases. Forward-looking statements and comments in this news release are made pursuant to safe harbor provisions of the Securities Exchange Act of 1934, as amended. Such statements relating to, among other things, the prospects for the companies to complete the transaction and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the company from time to time with the Securities and Exchange Commission in the future. Contact: Trident Technologies Inc. Doug Spring, 225/791-2838 EXERT from the Feb 14th News Release: Current Truglow distribution channels include Original Equipment Manufacturers such as Beretta, Benelli, Browning, Daisy, Mossberg, Remington Arms, Smith & Wesson, Sturm Ruger & Co., and Winchester. These OEMs distribute their products through major regional and national retailers such as Academy Sporting Goods, Bass Pro Shop, Cabela's, Dunham Sporting Goods, Kmart, Target and Wal-Mart. ``We believe that the partnership with Truglow will introduce our tritium-enhanced product line to a new cross-section of consumers nationwide,'' stated Kenneth Wilson, chairman. ``Selling to this broader consumer market has been our goal from the beginning, after establishing ourselves with the military and law enforcement markets.
Company Profile / Mission: The Company is a high technology holding company with a worldwide market for its trade mark line of tritium enhanced gun sights, griffon line of replica pistols and black powder guns, patented Gripper® and Underwater Seal® magnetic technologies. The Company’s subsidiaries are Innovative Weaponry Incorporated ("IWI"), Griffon USA, Inc. and Trident Technologies Corporation ("TRIDENT"). A fourth subsidiary Trade Partners International, Inc. ("TPI") facilitated technology transfer to TRIDENT from Los Alamos National Laboratory ("LANL") , Los Alamos, New Mexico , funded by the Department of Energy and administrated by the University of California. Our current capacity is 12,000 PT Night Sights per month. When we exceed this we will have to increase our overhead by $230,000 per year principally by hiring additional employees. When we increase our PT Night Sights to 20,000 per month, we would have to increase our overhead and equipment by approximately $100,000 per year. We believe the first increase will occur in 12 months and the second increase to occur in 36 months. We own our manufacturing equipment which is valued at $300,000-400,000 as set-up in our plant. Our inventory is as follows: |
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