American Science and Engineering, Inc. Receives $2.2 Million R&D Contract to Develop Ruggedized Z Backscatter Van (ZBV).AS&E to implement ZBV ZBV Zur Besonderen Verwendung (German: for special use) ZBV Z Backscatter Van (cargo security screening system) ZBV Vail/Eagle, CO, USA (Airport Code) technology on a platform for harsh environments BILLERICA, Mass. -- American Science and Engineering, Inc. (AS&E([R])) (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 ), a leader in X-ray detection technology, announced today the receipt of a $2.2 million Research and Development contract from the U.S. Government to deliver a 'ruggedized' Z([R]) 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. Van([TM]) (ZBV([TM])). The robust system will be configured to meet the U.S. Government's specifications for operation in harsh environments. Like the ZBV, these mobile systems will be easily relocatable in mission-critical areas and produce photo-like X-ray images of vehicles and other objects for rapid threat analysis. Anthony Fabiano, AS&E President and 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. , commented, "The ruggedized ZBV is a natural development for the ZBV system Co the world's top selling non-intrusive cargo and vehicle inspection system. We continue to develop new applications using our proprietary Z([R]) Backscatter([TM]) technology to meet the evolving security concerns of our customers. AS&E is supporting this valued U.S. Government client by taking the technology capability of the ZBV and outfitting it for harsh terrain. The resulting ruggedized ZBV will expand our product offerings and fill an immediate need for the U.S. Government for their critical counterterrorism coun·ter·ter·ror adj. Intended to prevent or counteract terrorism: counterterror measures; counterterror weapons. n. Action or strategy intended to counteract or suppress terrorism. missions." About AS&E[R] American Science and Engineering, Inc. (AS&E) is the leading worldwide supplier of innovative X-ray inspection and screening systems. With more than 45 years of experience in developing advanced X-ray security systems, the Company's product line utilizes a variety of technologies, including patented Z[R] Backscatter[TM], Shaped Energy[TM] and 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 ). These technologies offer superior detection of threats including plastic explosives, plastic weapons, illegal drugs, other contraband, dirty bombs and nuclear devices. AS&E offers a complete range of X-ray inspection products including Z Backscatter screening systems, CargoSearch[TM], and ParcelSearch[TM] inspection systems, used for critical detection and security applications to combat terrorism, drug and weapon smuggling smuggling, illegal transport across state or national boundaries of goods or persons liable to customs or to prohibition. Smuggling has been carried on in nearly all nations and has occasionally been adopted as an instrument of national policy, as by Great Britain , trade fraud, and illegal immigration. AS&E customers include leading governmental 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 , U.S. Department of Defense, CBP CBP competitive protein binding. , Royal Thai Police The Royal Thai Police (Thai: สำนักงานตำรวจแห่งชาติ) is the federal police force of Thailand. , HM Customs & Excise (U.K.) and Hong Kong Customs. For more information on AS&E products and technologies, please visit www.as-e.com. Public Relations Contact: 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. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion