NASA and Lockheed Martin use Power Safe Technology Corporation (PinkSheets: PSFT)

May 14, 2010 - PRLog -- Premier Media Services, Inc. (MicroCapMovers.com) (Thursday May 13, 2010) Exciting news recently from Powersafe Technology Corp. (PinkSheets: PSFT) has caught the attention of MicroCapMovers.com to follow the company’s progress.  With this exciting news regarding Powersafe announcing that its wholly owned subsidiary Amplification Technologies Inc. (ATI) signed a contract with LockHeed Martin .  The contract will provide ATI funding to demonstrate the feasibility of certain improvements to ATI's highly sensitive detectors to meet Lockheed Martin's requirements. Specific terms of the agreement were not disclosed.  
March 15, 2010 PowerSafe also announced ATI’s distribution agreement for Israel.  El-Gev Electronics Ltd. will market and distribute the full line of ATI’s innovative discrete Amplifications (DA) devices for Low-Level light detection.  This expansion for the company’s product distribution will mean revenue growth for this new division.
This latest news followed a huge announcement PowerSafe made in February 2010 about NASA contracts for two SBIR projects submitted by its wholly owned subsidiary Amplification Technologies Inc. (ATI) (http://www.ampti.net/) and selected by NASA for funding. We are extremely gratified that NASA continues to support our breakthrough near infra-red technology research development.
What do NASA, Lockheed Martin and MicroCapMovers.com know about PowerSafe Technology Corporation and their major infra-red technology breakthrough that you should know? Read more about the company highlights on MicroCapMovers.com/images/stories/psft.pdf
About PowerSafe Technology Corp. (PSFT)
Based in New York, PowerSafe Technology Corp. (www.psftinc.com), through its wholly owned subsidiary ATI (www.ampti.net), seeks to transform the field of low-level signal detection. The company's patented platform semiconductor technology has the potential to offer unparalleled and far-reaching benefits to industries such as medical diagnostics, drug development, scientific instrumentation and homeland security. The technology has been successfully used to develop extremely sensitive detectors of low levels of light and the company believes its detectors will be used in many existing applications as well as open up new markets. ATI's technology is patented to encompass detection of signals other than light, and could in principle be used to create highly sensitive biological, radiological, electrical, and chemical sensors.
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