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| American Science and Engineering, Inc. Receives $4 Million Order for Multiple ZBVs and SmartCheck Personnel Screening Systems from New African Customer |
Systems will be used for checkpoint security at high-threat facilities BILLERICA, Mass.--(BUSINESS WIRE)--Sept. 27, 2007--American Science and Engineering, Inc. (AS&E(R)) (NASDAQ: ASEI), a leader in X-ray detection technology, announced today the receipt of a $4 million contract for multiple Z Backscatter Vans and SmartCheck Personnel Screening Systems from a new African Customer. Two of the ZBVs will be equipped with Forwardscatter capability, and all of the systems include service and maintenance training, and extended warranty. "This new African client has responded to AS&E's full-range of product offerings and the benefits of our signature technology, Z Backscatter," said Anthony Fabiano, President and CEO. "This customer will utilize their ZBVs and SmartCheck systems at strategic locations to enhance their checkpoint security. These systems will provide comprehensive detection to secure high-threat facilities from a broad range of threats." About SmartCheck(TM) SmartCheck is a safe, non-intrusive personnel screening system that allows operators to detect threats and contraband hidden on a person while ensuring privacy. AS&E's patented Z Backscatter X-ray technology displays both organic and inorganic materials, revealing objects such as guns and knives, explosives, composite weapons, and other hidden threats and contraband. The software provides a sketch outline of the passenger with information for the security operator to identify the nature and location of threats, thus eliminating the need for intrusive and time-consuming pat-down searches. For added privacy, the system is not capable of storing, exporting, printing, or transmitting images. All images are automatically deleted from the system immediately after they are reviewed by the operator who is located in a remote, secure area away from the screening process. 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 Forwardscatter(TM) Technology AS&E offers Forwardscatter technology to complement AS&E's patented Z Backscatter technology. Forwardscatter 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. Detector modules positioned opposite the X-ray source capture X-rays scattered in the forward direction, maintaining the rapid detection capability of Z Backscatter technology. Forwardscatter is available as an option for AS&E's Z Backscatter Van (ZBV), Z Portal(TM) screening system and RDIM(TM) (Ruggedized Detection Imaging Module). 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. |