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American Science and Engineering, Inc. Receives Multi-Million Dollar Order for X-ray Inspection Systems to Protect Critical Government Facility in Eastern Europe

Dépèche transmise le 29 septembre 2011 par Business Wire

BILLERICA, Mass.--(BUSINESS WIRE)--American Science and Engineering, Inc. (“AS&E”) (NASDAQ: ASEI), a leading worldwide supplier of innovative X-ray detection solutions, announced today it has secured a multi- million dollar order for the Company’s Z Portal® cargo and vehicle screening system, SmartCheck® HT (High-Throughput) personnel screening system, and Gemini parcel inspection systems to protect a critical government facility in an Eastern European capital city. The systems will be used to inspect cars, vehicles, parcels, baggage, and personnel entering the facility for explosive threats and contraband.

“With threat levels increasing around the world, our client is seeking an effective solution to safeguard their high-threat facility and heighten their detection capability at multiple checkpoints. We are very proud to provide our proven technology for this important security mission.”

“Using a combination of our core technologies, our Eastern European client will deploy a full range of AS&E’s X-ray inspection systems to enhance the security of their most important government building,” said Anthony Fabiano, AS&E’s President and CEO. “With threat levels increasing around the world, our client is seeking an effective solution to safeguard their high-threat facility and heighten their detection capability at multiple checkpoints. We are very proud to provide our proven technology for this important security mission.”

AS&E has a full range of cutting-edge, industry-proven security screening solutions that are essential for the protection of critical infrastructure around the world including facilities for government, national defense, electricity, telecommunications, transportation, water supplies, military, police, banking, hospitals, heating, agriculture, oil and gas refineries, and national monuments. With more than 50 years of experience providing X-ray technology, AS&E understands the challenges of protecting critical infrastructure. With critical infrastructure customers such as the U.S. Department of Defense (DoD) and U.S. Department of Homeland Security (DHS), AS&E’s systems are deployed worldwide, helping large governments and corporations protect their vital assets.

About Z Portal System: Multi-view, High-Throughput, Drive-Through Detection Capability

AS&E’s Z Portal system is a multi-view, drive-through screening system capable of scanning cars, vans, trucks, and their cargo for concealed threats and contraband. Z Portal system customers include the U.S. Department of Defense, U.S. Customs and Border Protection, Abu Dhabi Customs, and NATO.

About SmartCheck HT (High-Throughput): High Speed Personnel Screening System

AS&E’s SmartCheck HT (High-Throughput) high speed personnel screening system is the most effective and efficient system to screen for contraband and threats hidden under a person’s clothing. Its capability goes well beyond that of metal detectors because it simultaneously detects both metallic and non-metallic objects, such as guns and knives, plastic and liquid explosives, composite weapons, drugs and other hidden threats and contraband.

The system protects the privacy of screened individuals, while still effectively displaying threats, by generating an easily-interpreted image that looks like a chalk outline of the person.

About Gemini: Unique Multi-technology Parcel Inspection Systems

The Gemini parcel inspection system is the lowest cost multi-technology parcel inspection system on the market and the only system to combine AS&E’s Z Backscatter technology and dual-energy transmission. AS&E’s Z Backscatter technology provides enhanced detection of organic materials such as explosives, drugs, and plastic weapons. Dual-energy transmission provides outstanding image quality, and enables the quick detection of a wide variety of threats such as guns, knives, and wires for IEDs. In addition, dual-energy offers organic and metallic discrimination. Together, the Gemini system’s two technologies provide the most information available about the contents of a parcel. The Gemini 6040, Gemini 7555, and Gemini 100100 systems offer multiple tunnel sizes to inspect air cargo, large packages, break-bulk cargo, mail and other small parcels to meet the security requirements for customs checkpoints, high-threat facilities, building lobbies, air-cargo facilities, and mailrooms.

About AS&E

American Science and Engineering, Inc. (AS&E) is a leading worldwide supplier of innovative X-ray inspection systems. With over 50 years of experience in developing advanced X-ray security systems, the Company’s product line utilizes a combination of technologies, including patented Z Backscatter technology, Radioactive Threat Detection (RTD), high energy transmission and dual energy transmission X-ray. These technologies offer superior X-ray threat detection for plastic explosives, plastic weapons, liquid explosives, dirty bombs and nuclear devices. AS&E’s complete range of products include cargo inspection systems for port and border security, baggage screening systems for facility and aviation security, and personnel and passenger screening systems. AS&E® systems protect high-threat facilities and help combat terrorism, trade fraud, drug smuggling, weapon smuggling, illegal immigration, and people smuggling. AS&E customers include leading government agencies, border authorities, military bases, airports and corporations worldwide, including the U.S. Department of Homeland Security (DHS), U.S. Department of Defense (DoD), U.S. Customs and Border Protection (CBP), North Atlantic Treaty Organization (NATO), UK Border Agency (UKBA), Hong Kong Customs, and Abu Dhabi Customs. For more information on AS&E products and technologies, please visit www.as-e.com

Safe Harbor Statement: The foregoing press release contains statements concerning AS&E’s financial performance, markets and business operations that may be considered “forward-looking” under applicable securities laws. AS&E wishes to caution readers of this press release that actual results might differ materially from those projected in any forward-looking statements. Factors which might cause actual results to differ materially from those projected in the forward-looking statements contained herein include the following: significant reductions, delays or cancellations (in full or in part) in procurements of the Company’s systems by the United States and other governments; disruption in the supply of any source component incorporated into AS&E's products; litigation seeking to restrict the use of intellectual property used by the Company; limitations under certain laws on the Company’s ability to protect its own intellectual property; potential product liability claims against the Company; global political trends and events which affect public perception of the threat presented by drugs, explosives and other contraband; global economic developments and the ability of governments and private organizations to fund purchases of the Company’s products to address such threats; the potential insufficiency of Company resources, including human resources, capital, plant and equipment and management systems, to accommodate any future growth; technical problems and other delays that could impact new product development and the Company’s ability to adapt to changes in technology and customer requirements; competitive pressures; lengthy sales cycles both in United States government procurement and procurement abroad; future delays in federal funding, the market price of the company's stock prevailing from time to time, the nature of other investment opportunities presented to the company from time to time, the company's cash flows from operations and market and general economic conditions. These and certain other factors which might cause actual results to differ materially from those projected are detailed from time to time in AS&E’s periodic reports and registration statements filed with the Securities and Exchange Commission, which important factors are incorporated herein by reference. AS&E undertakes no obligation to update forward looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes in future operating results, financial condition or business over time. Readers are further advised to review the “Risk Factors” set forth in the Company’s most recent Form 10-Q and Form 10-K, which further detail and supplement the factors described in this Safe Harbor Statement. Among other disclosures, the Risk Factors disclose risks pertaining to that portion of the Company’s business that is dependent on United States government contracting as well as international customers.

Business Wire

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