Businessweek

Valley Forge Composite Technologies, Inc., through its subsidiaries, develops, manufactures, and distributes detection systems primarily in the United States. THOR-LVX The company engages in development and commercialization of the THOR Advanced Explosives Detection System and prepared for the manufacturing and distribution of THOR in the United States and other countries. THOR components primarily consist of a high energy miniature particle accelerator generating 55 million electron volts, high sensitivity detectors, data collection systems and a database of photonuclear signatures from which substances can be identified. THOR operates by creating photo nuclear reactions in light elements, selectively screening out all but the operational isotopes found in modern day explosives and narcotics (which are carbon, nitrogen and oxygen), and identifying secondary gamma quanta that are unique to each such isotope. Agreements In 2011, the company announced that it signed a limited exclusive patent license agreement with Lawrence Livermore National Security, LLC (an affiliate of LLNL (LLNS)) for certain patents covering an advanced accelerator-detector complex for high efficiency detection of hidden explosives. The company has an exclusive rights agreement with P.N. Lebedev Physical Institute, Russian Academy of Sciences (LPI), granting it sole and exclusive rights to distribute, promote, market and sell the projects/products known as PNDEN in the United States of America and all countries throughout the world with the exception of the Russian Federation and countries of the Commonwealth of Independent States. The exclusive rights agreement was amended to extend the term to expire on April 12, 2014. Distribution of THOR: The company intends to sell THOR through direct sales means in the United States, Canada, and Europe. ODIN ODIN is a transmission X-ray system, producing medical type images of skeletons and organs that are similar to a technology used as the airport passenger weapons scanning system in various airports in Russia. The company has developed ODIN to improve and commercialize the technology for use in the United States and elsewhere outside of Russia. Distribution and Sales of ODIN: Initially, the company intended to sell ODIN through direct sales means in North America, Eurasia, India, and to some extent, South America. Markets THOR-LVX: The market for THOR include ports, cargo hubs, and rail yards, both domestically and internationally; World-wide express cargo facilities; United States postal facilities; United States border crossings; United States military field applications; and technology licensing opportunities. ODIN: The market for ODIN include schools, government offices, prison facilities, sports complexes, passenger cruise liners, airports, rail and bus terminals, corporate offices, and other circumstances where security screening is important. History Valley Forge Composite Technologies, Inc. was founded in 1996.