American Science and Engineering, Inc. Announces Two New Patents.BILLERICA, Mass.--(BUSINESS WIRE)--July 26, 1999-- American Science and Engineering, Inc. has announced the receipt of two new patents awarded by the U.S. Patent and Trademark Office. One of these covers technology for automatically detecting the presence of a concealed item within containers and other enclosures, making the process of detecting illegal contraband contraband, in international law, goods necessary or useful in the prosecution of war that a belligerent may lawfully seize from a neutral who is attempting to deliver them to the enemy. , drugs or weapons less dependent upon the skill of a particular operator. The other patent covers a tomography system that uses backscattered X-rays to determine the depth of objects within a container, allowing three-dimensional information to be displayed in the 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. image. The patents are emblematic em·blem·at·ic or em·blem·at·i·cal adj. Of, relating to, or serving as an emblem; symbolic. [French emblématique, from Medieval Latin embl of the Company's continued investment in the development of new and exciting X-ray technologies. Ralph Sheridan, Chief Executive Officer and President, stated, "We believe that market leadership in our industry is derived from technology leadership. Through investing heavily in research and development, employing the largest contingent of physicists in the industry, and protecting the results of those investments with patents and other tactics, we are able to address new markets in a way that allows us to sustain our competitive advantage. Through technology leadership and aggressive protection of our proprietary technology from encroachment An illegal intrusion in a highway or navigable river, with or without obstruction. An encroachment upon a street or highway is a fixture, such as a wall or fence, which illegally intrudes into or invades the highway or encloses a portion of it, diminishing its width or area, but by our competitors, we remain committed to providing long-term value to our shareholders." AS&E develops and manufactures sophisticated X-ray inspection products for critical detection and security applications. AS&E's patented Z Backscatter technology detects plastic explosives, illegal drugs, and other contraband, even when artfully concealed in complex backgrounds by terrorists and smugglers. For more information on AS&E products and technologies, please visit the Company's web site at http://www.as-e.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement The foregoing press release contains statements concerning the Company's financial performance and business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets which may be considered "forward-looking" under applicable securities laws. The Company 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 statement contained herein include the following: significant reductions or delays in procurements of the Company's systems by the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other governments; disruption in the supply of any sole-source component incorporated into the Company's products (of which there are several); 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; the ability of governments and private organizations to fund purchases of the Company's products to address such threats; and the potential insufficiency INSUFFICIENCY. What is not competent; not enough. of Company resources, including human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , capital, plant and equipment and management systems, to accommodate any future growth. These and certain other factors which might cause actual results to differ materially from those projected are more fully set forth under the caption "Risk Factors" in the Company's Registration Statement on Form S-3 (SEC File No. 333-9151). |
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