QRS qrsciences holdings limited

Just days after announcing its 4 year 33 mil deal with the US...

  1. Yak
    13,672 Posts.
    Just days after announcing its 4 year 33 mil deal with the US and as just one co

    ...today they ann they are expanding their bnarcotic detection and not only the Aussies but the UK are involved

    and all for a share trading at 6.5c..

    UK & Australian Customs Investigate Innovative
    Approach to Narcotic Detection
    PERTH, WESTERN AUSTRALIA & SAN DIEGO, CA - June 7, 2006 - QRSciences (ASX:QRS)
    (PINKSHEETS:QRSHY) is involved in coordinated testing with HM Customs and Australian Customs
    Service looking at the capability of the Company’s Quadrupole Resonance (QR) technology for narcotic
    detection. The next generation technology is being trialled to detect smuggled narcotics.
    The illegal import of narcotics continues to be a significant global problem contributing to crime and
    terrorism. In response QRSciences is extending the detection capability of its QR technology to include
    narcotic substances that are of interest to the various regulators. The added functionality has been
    incorporated into the current T3-03 product line, has undergone a series of independently verified tests
    and is available for demonstration to customers.
    “Several narcotics including Heroin, Cocaine and Methamphetamine have molecular characteristics
    which exhibit quadrupolar behavior. Extending QR to include some of these drugs and their derivatives
    significantly broadens the application of the technology,” said Dr. Timothy Rayner, Chief Technology
    Officer, QRSciences. “This capability adds another important tool to the a r senal of equipment available
    to Customs officers worldwide that can be used to interdict cargos of illegal narcotics” he concluded.
    “Reducing the flow of narcotics is not only beneficial to Australia but also to other hotspots around the
    world. There is particular interest in this capability in the Middle East and in parts of South East Asia”
    said QRSciences Chief Executive Officer, Kevin Russeth. He also stated, “Both baggage and mail
    packages entering most countries today are manually scanned using X-ray equipment for the presence
    of narcotics the addition of this capability will allow for automated detection which may result in
    increased performance.”
    About QRSciences:
    QRSciences Holdings Limited is based in Perth, Western Australia with a wholly owned subsidiary,
    QRSciences Corporation, based in San Diego, California. The company invests in, designs and
    develops systems, sub-systems, components and software for security related applications.
    Applications for the technologies include explosive, narcotic and weapons detection, pharmaceutical
    quality control and assurance, mineral and material assay, lab instrumentation and environmental
    science.
    For further information about QRSciences visit: http://www.qrsciences.com
 
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