CDEX, Inc. (CEXI) Signs Master Distribution Agreement with Decatur Electronics
Seeking Alpha Analyst Since 2008
Leading chemical detection product developer, CDEX, Inc. announced that it has signed a new Master Distribution Agreement (MDA) with Decatur Electronics, Inc. to market and distribute its Pocket ID2 drug detection scanner. The agreement provides non-exclusive marketing and distribution rights to Decatur in the U.S. and worldwide markets for the Pocket ID2. Decatur has been a distribution partner with CDEX for over two years.
Decatur will market the Pocket ID2 to law enforcement agencies at federal, state and local levels, correction facilities, the Department of Defense and Homeland Security agencies in the U.S. and similar agencies internationally. The Pocket ID2 allows law enforcement officers and other agencies to carry and conceal the device easily, providing immediate access for testing. The Pocket ID2 was developed with the Company’s patented technologies that detect and verify the presence of meth at the visible and prosecutable range. Test results are instantaneous and non-destructive and can be conducted without touching or disturbing the scanned surfaces, minimizing officer exposure and preserving the integrity of the sample substance. The company is currently developing the Pocket ID2 for testing of Cocaine and other substances, which will further enhance and advance its capabilities.
“We are very excited to sign a new distribution agreement with Decatur, they have been a great partner to date and we look forward to continued success. Our new agreement provides Decatur with distribution rights worldwide for our new Pocket ID2 which is the predecessor of the ID2 Meth scanner. The Decatur sales team has tested the Pocket ID2, and the initial reaction and feedback is very favorable,” stated Jeff Brumfield, chief executive officer and chairman of CDEX. “The revised MDA has built in annual sales minimums for the first three years and every year thereafter, which reflects the confidence in our products widespread appeal. Decatur will feature the Pocket ID2 at industry tradeshows as well as their marketing collateral and promotional materials, which should bolster its recognition and approval in the market.”
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