American Science and Engineering, Inc. Announces Passing of General William E. Odom, Chairman of the Board.Board of Directors Appoints Denis Denis, king of Portugal: see Diniz. R. Brown as Chairman BILLERICA, Mass. -- American Science and Engineering, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ASEI ASEI American Society of Engineers of Indian Origin ASEI Australian Student Environment Network ASEI Application Service Element Invocation ) (AS&E([R])) regretfully re·gret·ful adj. Full of regret; sorrowful or sorry. re·gret ful·ly adv.re·gret announces the passing of its Chairman, Lieutenant General William E. Odom. General Odom, aged 75, was elected to American Science and Engineering Inc.'s Board of Directors in September, 1996 and appointed Chairman in September, 1998. In a meeting held yesterday, AS&E's Board of Directors named current Board member, Denis R. Brown, as its new Chairman, pursuant to an existing succession plan. "General Odom's sudden and unexpected passing fills us with great sadness. We extend our deepest condolences to his wife and family," said Anthony Fabiano, AS&E's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President. "He has left all who have known and worked with him a great legacy of vibrant, wise, and spirited leadership. As Chairman for the past ten years, General Odom deftly steered the Company through pivotal times and his significant contributions made a very positive impact on Company performance." General William E. Odom's time on AS&E's Board was part of a long and distinguished professional and military career. His military service spanned 34 years as an officer in the U.S. Army, retiring as a three-star Lieutenant General. General Odom served as Director of the National Security Agency during the Reagan administration, and was a senior fellow for the Hudson Institute in Washington, D.C. "As a member of the Board of Directors, I was privileged to have had the opportunity to serve with General Odom during the past four years," said Denis R. Brown, AS&E's newly appointed Chairman of the Board. "Bill Odom's astute counsel and tremendous vitality will be sadly missed by all who knew him." Roger Heinisch, a long-standing member of AS&E's Nominating and Corporate Governance Committee commented, "We are fortunate to have someone with Denis' extensive leadership credentials prepared to serve as Chairman. His substantial experience working in defense technology and commercial manufacturing, as well as his outstanding leadership abilities will continue to be of great benefit to AS&E. I speak for the entire Board when I express enthusiasm for working closely with Denis as our Chairman, to continue our collective efforts to execute AS&E's strategic plan to develop innovative world-class security detection solutions." Currently, Mr. Brown is a private investor and advisor to a start-up software company serving the idea management market. He was Chairman and CEO of Pinkerton's, Inc. from 1994 to 1999. From 1992 to 1996, Mr. Brown served as Chairman and principal owner of Engineering Technical Services (ETS ETS Educational Testing Service (nonprofit private educational testing and measurement organization) ETS Emergency Telecommunications Service ETS Electronic Trading System ETS Engineering (&) Technical Services ). He has also served in the capacity of Chairman and CEO at Concurrent Computer Corporation Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . from 1990 to 1993, and as President and CEO at Penn Central Industries, Inc. from 1985 to 1990. From 1970 to 1985, Mr. Brown served as President of the Defense Communications Division and then as Corporate Vice President and Group Executive, Defense Space Group for ITT Corporation. In addition, he served as a U.S. Naval Officer from 1962 to 1969. Mr. Brown has served on the Boards of Securitas A.B., Pinkerton's, Farr Corporation, Calmat Corporation, Concurrent Computer Corporation and ETS. Mr. Brown holds a bachelor's degree in Slavic Languages from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). and a bachelor's degree in Communications Engineering from the U.S. Naval Postgraduate School The Naval Postgraduate School is a graduate school operated by the United States Navy. Located in Monterey, California, it grants primarily master's degrees plus some doctoral degrees to its students, who are mostly active duty officers from U.S. and foreign military services. in Monterrey, California. 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 backscatter in radiology, radiation deflected by scattering processes at angles greater than 90 degrees to the original direction of the beam of radiation. Important in radiotherapy when estimating surface exposure dose. technology, Radioactive Threat Detection (RTD RTD returned to duty (US DoD) RTD Rated RTD Ready to Drink RTD Richmond Times-Dispatch RTD Regional Transportation District RTD Research, Technological Development RTD Research and Technology Development RTD Real-Time Data ), 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 Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States (DHS DHS Department of Homeland Security (USA) DHS Department of Human Services DHS Department of Health Services DHS Demographic and Health Surveys DHS Dirhams (Morocco national currency) ), U.S. Department of Defense (DoD), U.S. Customs and Border Protection U.S. Customs and Border Protection (CBP), a bureau of the United States Department of Homeland Security, is charged with regulating and facilitating international trade, collecting import duties, and enforcing U.S. trade laws. (CBP CBP competitive protein binding. ), Royal Thai Police The Royal Thai Police (Thai: สำนักงานตำรวจแห่งชาติ) is the federal police force of Thailand. , 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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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