 View printer-friendly version |
| << Back |
| American Science and Engineering, Inc. Receives $5.9 Million Service and Maintenance Contract from U.S. Government |
One-Year Renewal Contract to Service Multiple ZBVs and Ruggedized Detection Imaging Modules BILLERICA, Mass.--(BUSINESS WIRE)--Sept. 11, 2007--American Science and Engineering, Inc. (AS&E(R)) (NASDAQ: ASEI), a leader in X-ray detection technology, announced today the U.S. Government has renewed a one-year service and maintenance contract for multiple Z(R) Backscatter Vans(TM) (ZBV(TM)) and Ruggedized Detection Imaging Modules(TM) (RDIM). The contract is valued at $5.9 million. "This service contract renewal will ensure that our key U.S Government client will continue to receive superior service and support for their fleet of ZBVs and RDIM modules," said Anthony Fabiano, President and CEO. "We are delighted with the continued overall success of our service business -- specifically, the very high customer satisfaction ratings and the increased backlog through consistent bookings." AS&E's highly skilled Field Service Engineers (FSEs) provide support services worldwide. Each FSE, with a technical degree in electrical and mechanical engineering or equivalent experience, is trained in the operation and repair of electronics, hydraulics, pneumatics, mechanics, electrical systems, and computers. Available 7 days a week, 24 hours a day, FSEs are located at AS&E offices in Asia, Europe, the Middle East, and North America. 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 Ruggedized Detection Imaging Module(TM) (RDIM) The Ruggedized Detection Imaging Module(TM) (RDIM) is a relocatable Z(R) Backscatter(TM) imaging system for screening vehicles at a security checkpoint or border crossing. Security officials can screen vehicles and their cargo for terrorist threats and contraband simply by directing vehicles to drive past the system. RDIM employs AS&E's patented Z Backscatter technology, which produces photolike images of the contents of a vehicle, highlighting organic materials, such as explosives. The system is built in three separate modules that can be connected to form a standard 20 foot ISO container for ease of relocation. The system has been designed to withstand harsh environmental conditions, as well as shock and vibration. RDIM is safe for operators, scanned vehicles and their drivers, and the environment. Forwardscatter is an option for RDIM that complements Backscatter imaging and presents a second scatter perspective that displays dense regions of scanned vehicles. This unique technology is ideally suited to display dense objects, such as the shielding found around nuclear weapons of mass destruction (WMD) or other metallic threats. 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.
CONTACT: |
 |
| "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. |