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| American Science and Engineering, Inc. Receives $2.0 Million Order from U.S. Customs and Border Protection for Three Z Backscatter Van X-ray Systems |
BILLERICA, Mass.--(BUSINESS WIRE)--July 9, 2007--American Science and Engineering, Inc. (AS&E(R)) (NASDAQ:ASEI), a leader in X-ray detection technology, announced today the receipt of a $2.0 million order from the U.S. Customs and Border Protection (CBP) for three Z Backscatter Van (ZBV) X-ray screening systems equipped with Radioactive Threat Detection (RTD) capability. "We are very pleased to deliver multiple ZBVs to U.S. Customs and Border Protection to assist with their mission to secure our ports and borders," said Joe Reiss, Vice President of Marketing. "The ZBV is a valuable tool for CBP officials to detect drugs, weapons, contraband and stowaways and its speed and agility allows officials to respond quickly and effectively to border threats. With the addition of RTD, the system can simultaneously identify threats from radioactive materials hidden in cargo, such as a dirty bomb or a nuclear device." About Z(R) Backscatter Van(TM) (ZBV(TM)) AS&E's Z Backscatter Van is a low-cost, highly maneuverable screening system built into a commercially available delivery van. The ZBV employs AS&E's patented Z(R) Backscatter(TM) technology, which reveals contraband that transmission X-rays miss -- such as explosives and plastic weapons -- and provides photo-like imaging for rapid analysis. The ZBV is capable of immediate deployment in response to security threats, and features a high throughput capacity to facilitate rapid inspections. The system's unique "drive-by" capability allows one or two operators to conduct X-ray imaging of suspect vehicles and objects as the ZBV drives past. About AS&E(R) American Science and Engineering, Inc. (AS&E) is the leading worldwide supplier of innovative X-ray inspection systems. With over 45 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), Royal Thai Police, HM Revenue & Customs (U.K.) and Hong Kong 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.
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| "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding American Science and Engineering's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. |