SureBeam Corporation (Nasdaq: SURE) — innovator of the electron beam technology that safely eliminates harmful food borne bacteria — today announced that the Defense Department has added to the normal military food procurement authorization lists ground beef and poultry products that will be processed using electron beam food safety technology.
SureBeam processed ground beef and fruit products are already sold across the nation in thousands of supermarkets, as well as by home delivery, direct mail, and through food service.
“SureBeam’s contribution to food safety is based on sound science,” said Larry A. Oberkfell, SureBeam’s President and CEO. “It provides the members of our armed services the same benefit consumers seek: another tool — a final step — for ensuring the safety of food.”
Similar to a microwave oven, the SureBeam’s electron beam technology uses ordinary electricity as its energy source to eliminate instantly the threat of harmful food borne bacteria, such as E. coli O157:H7, Listeria, Campylobacter and Salmonella without compromising quality. Food products are typically processed in their final packaging so as to prevent recontamination or cross contamination. SureBeam technology also benefits consumers because food spoilage caused by common bacteria can be significantly reduced, similar to what happens when raw milk is pasteurized.
Microbiological problems in food led to 129 recalls across the nation last year, up 37 percent from 1999, according to the Food Industry Report published in May 2001. According to military research, diarrhea represents a common health threat to U.S. military forces, especially those deployed in developing countries.
SureBeam Corporation was created, built, and launched by The Titan Corporation (NYSE: TTN) in an initial public offering on March 16, 2001.
Headquartered in San Diego, California, SureBeam is a leading provider of electron beam food safety systems and services for the food industry. SureBeam’s technology significantly improves food quality, prolongs shelf life, and provides disinfestations that help to protect the environment. The SureBeam patented system is based on proven electron beam and x-ray technology that destroys harmful food borne bacteria much like thermal pasteurization does to milk. This technology can also eliminate the need for toxic chemical fumigants used in pest control that may be harmful to the earth’s ozone layer.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Examples of such forward-looking statements include the anticipated purchases by the government and U.S. military forces as a result of this procurement authorization. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the risks associated with the Company’s entry into new commercial food pasteurization markets that require the company to develop demand for its product, its ability to access the capital markets and other risks described in the Company’s Securities and Exchange Commission filings.