 View printer-friendly version |
| << Back |
| American Science and Engineering, Inc. Named to FORTUNE Small Business 100 |
AS&E ranked #61 of America's Fastest-Growing Small Public Companies BILLERICA, Mass.--(BUSINESS WIRE)--June 30, 2008--American Science and Engineering, Inc. (NASDAQ: ASEI) (AS&E(R)), a leader in X-ray detection technology, announced today that FORTUNE Small Business has ranked the Company number 61 in this year's list of Fastest Growing Small Public Companies. We appreciate this honor from FORTUNE Small Business, said Anthony R. Fabiano, President and CEO of AS&E. In this fiscal year, we concentrated on increasing our pipeline of global opportunities, and thus boosted international revenue by 43% -- with sizable revenue increases from key regions around the world including the Middle East, Africa, South America, and Europe. We continue to focus on providing leading edge technologies to assist governments and corporations worldwide to combat terrorism, drug and weapons smuggling, and trade fraud. The FORTUNE Small Business 100 list, now in its 8th year, ranks public companies with revenues of less than $200 million and a stock price of more than $1. All companies that meet these criteria are ranked, 1 - 100, by their three-year annualized rates of revenue growth, EPS growth, and total return to investors. FORTUNE Small Business calculated a log linear growth rate of trailing four quarters EPS and revenue over a three-year period, through the quarter ended on or before Feb. 29, 2008. Total return to investors is calculated for the three-year period ended Dec. 31, 2007. About FORTUNE Small Business (FSB) FORTUNE Small Business is the premier magazine for - and about - small business owners, with the largest audience and rate base in the small business category. Through a partnership with American Express, FSB is distributed 10 times a year and reaches 1 million owners and partners of leading small businesses. With unmatched resources and access to the industry's most innovative thinkers, FSB delivers best practices, connects small business owners to a community of their peers and arms them with the inspiration and actionable advice they need to succeed. FSB, along with FORTUNE, Money, and the Website CNNMoney.com, is part of The Fortune(pipe)Money Group. Time Inc. is a division of Time Warner, a leading media and entertainment company. About AS&E(R) American Science and Engineering, Inc. (AS&E) is the leading worldwide supplier of innovative X-ray inspection systems. With 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.) 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: Red Javelin Communications, Inc. |
 |
| "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. |