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American Science and Engineering, Inc. Receives $6.3 Million Follow-on Order for Multiple Z Portal Systems to Secure Critical Infrastructure in Middle East

Dépèche transmise le 2 avril 2009 par Business Wire

American Science and Engineering, Inc. Receives $6.3 Million Follow-on Order for Multiple Z Portal Systems to Secure Critical Infrastructure in Middle East

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 that it has received a $6.3 million follow-on order from a Middle East client for multiple Z Portal^® cargo and vehicle screening systems to protect critical infrastructure in the region. AS&E’s Z Portal systems will be used to scan vehicles and trucks entering the client’s high-risk facilities to detect explosive threats and contraband.

“We are working closely with this important and valued client to provide comprehensive multi-view inspection to protect their critical infrastructure,” said Anthony Fabiano, AS&E’s President and CEO. “The Z Portal’s three-sided inspection provides maximum inspection capability to decrease their facilities’ levels of vulnerability. With AS&E’s proprietary Z Backscatter^™ technology, the Z Portal has proven technology to find hidden threats and contraband at high-risk facilities and other checkpoints. This follow-on order attests to their satisfaction with AS&E’s comprehensive security solutions.”

AS&E has a full range of leading-edge, industry-proven security screening solutions for critical infrastructure that is essential to the function of governments and national defense organizations around the world. Securing these facilities is crucial to protect the safe operation of facilities for electricity, telecommunications, transportation, water supplies, military, police, banking, hospitals, heating, agriculture, oil and gas refineries, and national monuments. AS&E systems for cargo, parcel, and personnel screening are deployed worldwide, helping large governments and corporations protect their vital assets.

AS&E’s Z Portal^® Cargo & Vehicle Screening System: High-Throughput, Drive-Through Inspection

The Z Portal system is the most comprehensive screening system available with multi-view, drive-through screening for left, right, and top-down imaging of cars, vans, trucks, and their cargo. Z Portal’s patented Z Backscatter technology produces photo-like images for superior detection capability of plastic and liquid explosives, narcotics, and plastics weapons, drugs, stowaways, and alcohol. With its compact design, the Z Portal system is ideal for high-traffic locations with space constraints and a high-throughput requirement and is safe for drivers, operators, cargo, and the environment. The relocatable screening system is available in two sizes — one for large trucks, buses, and cargo vehicles, and a smaller size for passenger vehicles. Customers include U.S. Department of Defense, U.S. Customs and Border Protection, and NATO.

About AS&E^®

American Science and Engineering, Inc. (AS&E) is the 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 and trade fraud, drug smuggling, weapon smuggling, and 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), HM Revenue & Customs (U.K.), 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 or delays 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; 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; and the potential insufficiency of Company resources, including human resources, capital, plant and equipment and management systems, to accommodate any future growth, and future delays in federal funding. 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.