American Science and Engineering, Inc. Receives $3.7 Million Order for Z Backscatter Van X-ray Systems; Middle East Client in Arabian Gulf to Deploy ZBV for Counterterrorism Applications.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)), a leader in X-ray detection technology, announced today the receipt of a $3.7 million order from a Middle Eastern Country for 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 ZBV Zur Besonderen Verwendung (German: for special use) ZBV Z Backscatter Van (cargo security screening system) ZBV Vail/Eagle, CO, USA (Airport Code) ) X-ray screening systems. The systems will be configured for operation in harsh environments and to operate in "Portal Mode," which allows operators to inspect passing vehicles from a stationary position. The order also includes installation, operator training and a one-year parts warranty. "With this substantial order from a Middle Eastern client, the ZBV continues to gain traction globally," said Anthony Fabiano, 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. . "The ZBV's covert capability makes this an ideal tool for our client's 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. Additionally, the client is very impressed with the system's compact size, versatility, affordability and imaging capability. Its varied operating modes provide maximum maneuverability and flexibility for multiple applications, including urban surveillance, checkpoint security, and container and vehicle screening at ports and borders. AS&E is developing the market for this unique proprietary product, and we are very encouraged by our expanding market share and global customer base." A breakthrough in X-ray detection technology, AS&E's Z Backscatter Van is a low-cost, highly mobile screening system built into a commercially available delivery van. The ZBV allows for immediate deployment in response to security threats, and its high throughput capability facilitates rapid inspections. The system's unique "drive-by" capability allows one or two operators to conduct X-ray imaging of suspect vehicles and objects while the ZBV drives past. The ZBV employs AS&E's patented Z(R) Backscatter technology, which reveals contraband that transmission X-rays miss - such as explosives and plastic weapons - and provides photo-like imaging for rapid analysis. About AS&E(R) American Science and Engineering, Inc. develops and manufactures state-of-the-art X-ray inspection systems for homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States and other critical defense applications. AS&E continues to innovate, create and develop new products by investing in new ideas "New Ideas" is the debut single by Scottish New Wave/Indie Rock act The Dykeenies. It was first released as a Double A-side with "Will It Happen Tonight?" on July 17, 2006. The band also recorded a video for the track. through research and development, and evolving its technology to meet the needs of an ever-changing world. 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. AS&E's Shaped Energy(TM) X-ray inspection systems combine the material discrimination features of Z Backscatter imaging with the penetration capability of high-energy X-rays for dense cargoes, without the problems caused by excessive radiation. For more information on AS&E products and technologies, please visit 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 AS&E's financial performance, markets 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 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 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 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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