Published: December 21, 2009
American Science and Engineering, Inc. Receives $7.3 Million Order from Middle East Customer for Gemini Parcel X-ray Inspection Systems
BILLERICA, Mass. - (BUSINESS WIRE) - American Science and Engineering, Inc. (NASDAQ: ASEI) (AS&E),
a leader in X-ray detection technology, announced today the receipt of a
$7.3 million follow-on order from a Middle East customer for a
significant quantity of Gemini
parcel inspection systems. The order includes service, parts and
warranty.
"We are pleased to receive this third order from our valued Middle East
client to safeguard their high-threat facilities," said Anthony Fabiano,
President and CEO. "We believe that the Gemini system's combination of Z
Backscatter X-ray and dual-energy transmission technology provides
the most attractive value proposition for parcel inspection available
today. More and more customers are discovering the benefits of the
Gemini system's superior threat detection with a proven multi-technology
platform for checkpoint security."
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 patented Z Backscatter technology and dual-energy transmission.
AS&E's patented Z Backscatter technology provides enhanced detection of
organic materials such as explosives (including sheet and liquid
explosives), drugs, and plastic weapons which are easily missed by
transmission-only systems in cluttered parcels. Z Backscatter
technology's photo-like images are easy to interpret, thereby speeding
analysis time, potentially decreasing bags flagged for secondary
screening, and reducing operator fatigue. 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 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, 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 US government procurement and procurement abroad;
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. Readers are further advised to review
the "Risk Factors" set forth in the Company's Annual Report on 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 U.S. government contracting as well as international
customers. As a contractor with the U.S. government, a
significant number of the Company's government contracts may be
terminated at the government's discretion.
Red Javelin Communications, Inc.
Dana Harris, 978-440-8392
dana@redjavelin.com
or
American
Science and Engineering, Inc.
Laura Berman, 978-262-8700
lberman@as-e.com
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