Published 05-12-2009 CARLSBAD, CALIFORNIA -- May 12, 2009 -- XENONICS HOLDINGS, INC. (NYSE AMEX:XNN) announced today that it has entered into an exclusive two-year distribution agreement for its SuperVision high-definition night vision systems in China with Trans Tech International, LLC, Tempe, Arizona, a trading company that represents U.S.-based exporters of transportation and security-related equipment to the Chinese market. Trans Tech International has agreed to purchase a minimum of 1,000 SuperVision systems and related accessories over the next two years, and has issued an initial purchase order for 500 units. Trans Tech also has committed to providing extensive advertising, trade show and marketing support for SuperVision products in China.
"This agreement opens a potentially enormous new market for SuperVision. Our new distribution partner has an impressive record of success stretching back over more than a decade in the Chinese market, and we are confident they will be just as successful developing the market for our proprietary SuperVision systems," said Xenonics Chairman Alan Magerman.
About Xenonics
Xenonics Holdings, Inc. (NYSE AMEX:XNN) develops and produces advanced, lightweight and compact ultra-high-intensity illumination and low-light vision products for military, law enforcement, public safety, and commercial and private sector applications. Xenonics' NightHunter line of illumination products is used by every branch of the U.S. Armed Forces as well as law enforcement and security agencies. Its SuperVision high-definition night vision is designed for commercial and military applications. Employing patented technologies, Xenonics provides innovative solutions for customers who must see farther so they can do their jobs better and safer. Xenonics' products represent the next generation in small, high intensity, high efficiency illumination and low-light vision systems. Visit Xenonics on the web at www.xenonics.com.
Forward-Looking Statements
Except for the historical statements, statements in this release may constitute forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934. When used, the words "anticipates," "believes," "expects," "intends," "future," and other similar expressions identify forward-looking statements. These forward-looking statements reflect management's current views with respect to future events and financial performance and are subject to risks and uncertainties, and actual results may differ materially from the outcomes contained in any forward-looking statement. Factors that could cause these forward-looking statements to differ from actual results include delays in development, marketing or sales of new products, and other risks and uncertainties discussed in the company's periodic reports on Form 10-K and 10-Q and other filings with the Securities and Exchange Commission. Xenonics Holdings undertakes no obligation to update or revise any forward-looking statements.
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