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American Science and Engineering, Inc. Receives $4.7 Million Contract for Multiple ZBVs for use by Law Enforcement Officials

Dépèche transmise le 4 mai 2009 par Business Wire

American Science and Engineering, Inc. Receives $4.7 Million Contract for Multiple ZBVs for use by Law Enforcement Officials

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 the receipt of a $4.7 million contract for multiple Z Backscatter Vans^™ (ZBVs) equipped with Forwardscatter^® technology. The ZBVs will be used by law enforcement officials to scan vehicles at border crossings and other checkpoints to detect illegal drugs and other contraband.

“The ZBV has emerged as the mobile X-Ray system of choice to support time sensitive security missions,” said Anthony Fabiano, President and CEO. “With the ZBV’s flexible, rapid response capability, security authorities can utilize the ZBV to counter shifting smuggling routes at sea ports, land borders, and other checkpoints. The ZBV’s unparalleled mobility combined with its ability to find organic threats — such as drugs and explosives — make it a highly effective tool for law enforcement.”

AS&E’s Z Backscatter Van™(ZBV)

The Most Maneuverable, Versatile Mobile X-ray Detection System on the Market

A breakthrough in X-ray detection technology, AS&E’s Z Backscatter Van is the Number One selling non-intrusive mobile inspection system on the market. ZBV is a low-cost, highly mobile screening system built into a commercially available delivery van. The ZBV allows for immediate deployment in response to security threats, and its high throughput capability facilitates rapid inspections. The system’s unique “drive-by” capability allows one or two operators to conduct X-ray imaging while the ZBV drives past suspect vehicles and objects. For personnel safety in dangerous environments, a remote console is available for operating the system in stationary mode from a distance of up to 500 meters.

About Forwardscatter® Technology

AS&E offers Forwardscatter technology to complement its patented Z Backscatter technology. Forwardscatter presents a second scatter perspective that displays dense objects in cargo, such as the shielding found around nuclear WMD or other metallic threats. With the ZBV in stationary scan mode, Forwardscatter detectors are positioned opposite the X-ray source in the trailer. The Forwardscatter image is displayed simultaneously with the Z Backscatter image, providing the operator with more information on the contents of a scanned vehicle.

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.