LOUISVILLE, KY -- (Marketwired) -- 07/25/13 --
RadTek, Inc. (RadTek) (OTCQB: RDTK), a leader in X-ray imaging hardware and software clears final steps and begins fulfilling contract with the Korean Customs Service (KCS), the Korean government's official customs service to supply various X-ray imaging hardware materials and overall engineering work for radiation systems at seaports to help comply with Free Trading Agreements (FTA) between the U.S.A. and South Korea. With new regulations almost all containers shipped to the U.S. from South Korea will require such screening.
RadTek's President Kwang Hyun Kim said, "We are proud that the Korean government has shown their trust in our technology and expertise in choosing our systems for installation." He further concluded, "We will continue to install and create custom solutions for this customer that will insure the safety of the transportation systems. We look forward to increased presence in the industry and with our acquisition RadTek, Co. Ltd in Korea we are ready to expand our operations and offer these solutions in North America."
The contract was secured in December of 2012 with initial investment of $2 million and installation has begun in recent weeks with expected completion by the end of this year. The project will include both hardware and software related to X-ray imaging, hardware materials and overall engineering design for radiation safety, X-ray imaging systems, radiation monitoring systems and mobile transportable systems for Container Inspection Systems at seaports. The Korean government plan to install and operate over 30 sets of Container Inspection Systems with a value of $300,000,000 (three hundred million dollars) by 2030. With RadTek's designs and equipment being set as the standard for these initial projects the company hopes to be a key partner with their equipment as the standard in future installations with the Korean government and other partners in the customs service.
ABOUT RADTEK INC: (www.radtekinc.com)
RadTek Inc is the parent company of RadTek Co., Ltd and is a designer of Radiation imaging equipment, system integration and engineering designers of Hardware and Software for the security and inspection fields. Formerly known as USChina Taiwan and founded in 2009, RadTek has key operations in South Korea and US offices in Louisville, Kentucky they are a US publicly traded company on the OTCQB system under the ticker RDTK.
ABOUT RADTEK CO., LTD.: (www.radtek.co.kr)
Founded in 2001, RadTek Co., Ltd of South Korea evolved from being a Radiation technology manufacturing only firm to a design and engineering focused security & safety and total radiation technology design company. RadTek has created a conglomeration of technology products to include mobile, handheld and industrial applications of radiation inspection, as well as a total solution provider for security and food safety application products. RadTek Co., Ltd intends to expand their operations to the US in the near future. RadTek Co., Ltd. will bring key strategic alliances with government related companies and institutes such as Korea Telecom Express, Korea Customs Service, Korea Atomic Energy Research Institute, Korea Advanced Institute of Science and Technology as well as other potential partners in establishing their system integration engineering and radiation technology based product lines in the US.
ABOUT KOREAN CUSTOMS SERVICE (KCS): (http://www.customs.go.kr)
The KCS is the face of the Republic of Korea and the guardians of the nation's customs borders. Working in conjunction with all governments to protect the import/export and transportation hubs the KCS is focusing on bringing the latest technologies to the field of security.
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Source: RadTek, Inc.