Universal Security Instruments, Inc. Receives New Patent
OWINGS MILLS, Md., April 13, 2011
OWINGS MILLS, Md.April 13, 2011 /PRNewswire/ — Universal Security Instruments, Inc. (NYSE AMEX: UUU) is pleased to announce the issuance of U.S. Patent Number 7,893,825 titled Alarm Origination Latching System and Method issued on our new IoPhic® and Microprocessor ("M" Series) product line of smoke alarms. "This new patent represents the beginning of a period of innovation not just for our company; but, we believe, for the fire safety industry. We have developed new smoke alarm technologies and design features which, in our opinion, make conventional alarms obsolete. This is just one of 11 Patents for which USI has applied," said Ron Lazarus, President of the Company's USI ELECTRIC division.
In connection with the Company's ongoing research into new smoke alarm sensing technology and enhanced product feature offerings, UNIVERSAL has applied to the U.S. and foreign patent offices for multiple patents related to this new sensing technology and product feature offerings. Furthermore, the Company has additional patent applications in process which it expects to file later this year.
"This patented feature enhances the ability of the user or servicing electrician to quickly locate the originating alarm in an integrated system using a proprietary audible signal rather than the current method of visual inspection. The issuance of our first patent on one of the new product features resulted from the research conducted by our Director of Engineering, Eric Gonzales, and his team. This allows us to provide a feature to our customers which, along with other new features, virtually eliminates nuisance alarms. Nuisance alarms are the leading reason given for disabled smoke alarms. Almost 50% of deaths attributed to fires were in homes without a functioning smoke alarm (Information from Center for Disease Control)," said Harvey Grossblatt, the Company's Chief Executive Officer.
UNIVERSAL SECURITY INSTRUMENTS, INC. is a U.S.-based manufacturer (through its Hong Kong Joint Venture) and distributor of safety and security devices. Founded in 1969, the Company has an over 40-year heritage of developing innovative and easy-to-install products, including smoke, fire and carbon monoxide alarms. For more information on Universal Security Instruments, visit our website at www.universalsecurity.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws that inherently include certain risks and uncertainties. Actual results could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, among other items, our and our Hong Kong Joint Venture's respective ability to maintain operating profitability, currency fluctuations, the impact of current and future laws and governmental regulations affecting us and our Hong Kong Joint Venture and other factors which may be identified from time to time in our Securities and Exchange Commission filings and other public announcements. We do not undertake and specifically disclaim any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements. We will revise our outlook from time to time and frequently will not disclose such revisions publicly.
SOURCE Universal Security Instruments, Inc.