US Based Distributor a Leader in the Distribution of X-Ray Scanners
MONTREAL, July 21, 2020 /CNW Telbec/ - VOTI Detection Inc. ("VOTI" or "the Company") (TSXV: VOTI), a leading-edge Canadian technology company that develops latest-generation X-ray security systems based on 3D Perspective™ technology, announced that they had entered into a distribution agreement with Pemica Inc. of Miami, Florida for the sale of VOTI Detection's full line of market disrupting X-Ray scanners.
Pemica has 25 years of experience in the X-Ray market and was previously a long time distributor for X-Ray scanners manufactured by a leading competitor of VOTI's. The Company has operations in Texas, Arkansas, Mississippi, Louisiana, Puerto Rico, and the US Virgin Islands. It's area of expertise is the design and execution of security solutions for companies in the public and private sector through the sales, rental and maintenance of security equipment.
"Partnering with Pemica for the distribution of our scanners is a very positive development for VOTI," commented Rory Olson, President and CEO of VOTI Detection, "Pemica is a leader in the market for security systems and we believe that the combination of our technology and customer friendly user experience along with their expertise and track record for success in the market will be a truly winning formula for both of us. The fact that Pemica has chosen to partner with VOTI as a replacement for its long standing relationship with one of our leading competitors, is a real vote of confidence in our ability to produce a market leading security product. We expect an immediate impact on our order flow due to this key partnership."
"We are thrilled to be partnering with VOTI Detection" commented Andres Eloy De Leon, President of Pemica. "We were drawn to VOTI's technology that produces remarkably sharp and more revealing X-Ray images that are competitively superior while delivering enhanced threat detection capabilities and an improved user experience. We are very excited to be able to offer this industry leading 3D Perspective technology to our customers."
About VOTI Detection
VOTI Detection, headquartered in Montreal, Quebec, and 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. www.votidetection.com
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. In addition, the current situation and future developments with respect to the COVID-19 pandemic could cause certain of the assumptions and information set forth herein or the fact that on which such assumptions are based to differ materially from previous expectations including in respect of demand for our products, supply chain and availability of materials, mobility and shipping of materials and or products, access to debt and equity capital and other factors.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE VOTI Detection Inc.
Michael Ickman, Chief Financial Officer, (514) 782-1566, [email protected]
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