HS3 Technologies, Inc. (OTCBB: HSTH), a worldwide provider of innovative security solutions, announces the first phase (25 units) installation of a proprietary solution for an integrator working with the Department of Homeland Security. The estimated cost for each unit is approximately $5,000 per unit. This initial installation is the first phase of a potential multi-phase contract for 200-300 additional monitoring units. The solution combines the use of our biometric access control system along with DVR and GPS/Cellular technology. "We are excited we could offer the right technology to help protect our country from the increasing outside international threats," CTO Scott Annis stated. "We are now entering into areas where HS3's unique and proprietary competencies along with master distribution agreements will showcase our many advantages over our competition," said Mark Lana, President of HS3 Technologies, Inc. He also stated that, "The 200-300 units are in reality only the tip of the iceberg for the need of this product in the existing security reality of the United States."
About HS3 Technologies, Inc.
HS3 Technologies, Inc. ("HS3") is a national provider of innovative security solutions, headquartered in Denver, Colorado. HS3 provides technologies and services through a national channel distribution program and through our direct sales force. Utilizing independent sales professionals, national distribution and local dealers, HS3 offers custom security solutions for commercial, residential, government and military applications. These state-of-the-art products include digital video recording technology (DVR), biometric access control (door locks), biometric time and attendance devices, personal biometric identification units, CCTV, video monitoring centers, video broadcast over cellular networks, wireless mesh networks units and wireless internet-linked satellite surveillance systems. HS3 also provides security assessment services, computer forensics investigative services and robust physical and logical security solutions to the fortune 500 and 1000 companies. HS3 Technologies is bringing together complete technologies, services and people to fulfill the increasing global security requirement for integrated solutions.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that the initial installation is the first phase of a potential multi-phase contract for 200-300 additional monitoring units, or that HS3's unique and proprietary competencies along with master distribution agreements will indicate any advantages over its competition.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, HS3's ability to manufacture its products to function as designed and the ability of the products to gain market acceptance; and the difficulties faced by an early stage technology company in the competitive security industry. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's recent current reports on Form 8-K, our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic and current reports filed from time-to-time with the Securities and Exchange Commission.
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