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| American Science and Engineering, Inc. Introduces ZBV Military Trailer at 2007 Force Protection Equipment Demonstration (FPED VI) |
Company to Demonstrate New Ruggedized Z Backscatter Van (ZBV) Cargo and Vehicle Screening System at Top U.S. Military Show STAFFORD, Va.--(BUSINESS WIRE)--Aug. 13, 2007--American Science and Engineering, Inc. (AS&E(R)) (NASDAQ: ASEI), a leader in X-ray detection technology, introduced today the ZBV Military Trailer(TM) -- a militarized version of the company's patented Z(R) Backscatter Van(TM) (ZBV(TM)) cargo and vehicle screening system. AS&E is demonstrating the new ZBV Military Trailer for the first time at the 2007 Force Protection Equipment Demonstration (FPED) VI, being held this week (August 14-16) at the Stafford Regional Airport, Stafford, Virginia. FPED provides civilian and military members of the Department of Defense and other federal, state and local law enforcement agencies with the opportunity to become familiar with commercially-available force protection equipment. Anthony Fabiano, AS&E President and CEO commented, "We are pleased to unveil a new rugged platform for the ZBV -- the world's top selling non-intrusive mobile X-ray cargo and vehicle inspection system. The ZBV Military Trailer is designed to meet the evolving security requirements of the military for both counterterrorism and force protection applications. Like the ZBV, the system is easily relocatable in mission-critical areas and produces photo-like X-ray images of vehicles and other objects for rapid threat analysis. AS&E's exhibit at FPED will showcase the system's capabilities as a force protection solution for revealing explosive threats and contraband." About ZBV Military Trailer American Science and Engineering's ZBV Military Trailer(TM) is a rugged X-ray screening system built onto a standard military trailer. With one-sided, Backscatter imaging, security officials can use ZBV Mil Trailer for screening vehicles, containers, and other cargo for terrorist threats and contraband -- simply by towing the trailer past the subjects, or by remaining stationary while vehicles drive past the trailer. The ZBV Mil Trailer employs AS&E's patented Z(R) Backscatter(TM) technology, which produces photo-like images of the contents of a container or vehicle, highlighting organic materials such as explosives. Development of the ZBV Military Trailer was supported by a November 2006 R&D contract for $2.2 Million to deliver a ruggedized ZBV for the U.S. Government. The ZBV Mil Trailer is ideal for screening vehicles for car and truck bombs. Forwardscatter ZBV Mil Trailer also includes Forwardscatter technology to complement Z Backscatter imaging. Forwardscatter presents a second scatter perspective that displays dense objects in cargo, such as the shielding found around nuclear WMD. With ZBV Mil Trailer 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 2007 Force Protection Equipment Demonstration (FPED VI) The 2007 Force Protection Equipment Demonstration (FPED VI) is where American industry and firms from around the world demonstrate their best available force protection equipment at Stafford Regional Airport, Stafford, VA, and Marine Corps Base, Quantico, VA. FPED VI will be the sixth edition of the event, which has been produced every two years since 1997. The Chairman of the Joint Chiefs of Staff at that time determined there was a need for heightened awareness of commercial off-the-shelf equipment and systems for continually evolving threats against U.S. personnel and interests. Nearly 600 exhibitors will display and demonstrate more than 3,000 items of equipment and systems at Stafford Regional Airport. Detailed information on FPED VI is available on the event's web site at http://www.fped6.org. 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. |