NASA Signs Space Instrument Contract with Valley Forge Composite Technologies, Inc.
Valley Forge Composite Technologies, Inc. (OTC Bulletin Board: VLYF – News) announces NASA has signed an agreement with its aerospace section to produce state-of-the-art components for project evaluation. Valley Forge will provide specialized, prototype Attitude Control Instruments to NASA’s precise engineering specifications.
Valley Forge has extensive experience in the satellite momentum wheel and bearing fields. Typically, satellites contain from two to six momentum/reaction wheel assemblies. Valley Forge’s composite rotor is lighter, more stable, and less expensive than metal rotors currently in use. Composite wheel and bearing design allows smoother, faster and longer life than current designs resulting in significant improvements in satellite operational effectiveness. “Our aerospace section is rapidly evolving and this venture represents a fantastic opportunity. We are continually working to provide simple, high performance space technologies and look forward to becoming an ongoing supplier for NASA,” said Randy Broadright, Valley Forge Chief of Operations.
In addition to aerospace components, Valley Forge is bringing next- generation detection systems to the market. THOR LVX is an Advanced Explosives Detection System (EDS) capable of detecting and identifying explosives, nuclear materials, and other targeted substances in cargo containers and baggage. Complementing THOR LVX, the Odin-Uldris Personnel Screening System detects items such as explosives, weapons, narcotics, gemstones, bundled currency and ingested items on or inside the human body.
For more information on Valley Forge and its products, visit www.vlyf.com.
Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. Statements in this press release that relate to Valley Forge Composite Technologies, Inc.’s future plans, objectives, expectations, performance, events, reports made by others, and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. These factors could include changes in economic conditions or government policies that may change the demand for the Company’s products and services and could include other factors discussed in the sections of the Company’s report on Form 10-KSB for the year ended December 31, 2006 as filed with the U.S. Securities and Exchange Commission, entitled “Description of Business” or “Management’s Discussion and Analysis or Plan of Operation.” This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Valley Forge Composite Technologies, Inc. uses paid services of investor relations organizations to promote the Company to the investment community. Investments in the Company should be considered speculative, and, prior to acquisition, should be thoroughly researched. Valley Forge Composite Technologies, Inc. does not intend to update these forward-looking statements prior to its reporting of its quarterly or annual results.
Contact Information:
Katie Robertson, Investor Relations
Valley Forge Composite Technologies, Inc.
50 E. River Center Blvd. Suite 820
Covington, KY 41011
Tel. 859-581-5111
Fax 859-581-5116
or info@vlyf.com
