American Science and Engineering, Inc. Receives Contract for OmniView(TM) Gantry Cargo and Vehicle Inspection System from a U.S. Government Agency; High-Energy Inspection System to Secure the Port of Charleston.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 $3.4 million contract from a U.S. Government Agency for its OmniView(TM) Gantry Gantry A name for the couch or table used in a CT scan. The patient lies on the gantry while it slides into the x-ray scanner portion. Mentioned in: Computed Tomography Scans Inspection System. The OmniView Gantry System will be deployed at the Port of Charleston to protect against security threats and contraband. "The relocatable OmniView Gantry is an ideal solution to secure our nation's ports," 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. . "AS&E is working closely with this U.S. Government Agency to provide state-of-the-art technology to efficiently inspect containerized con·tain·er·ize v.tr. con·tain·er·ized, con·tain·er·iz·ing, con·tain·er·iz·es 1. To package (cargo) in large standardized containers for efficient shipping and handling. 2. cargo. As part of the total security strategy at the Port of Charleston, the OmniView Gantry System will be utilized to inspect 'high-risk' containers for explosive threats and contraband. The System's high penetration capability enables the Port Authority to inspect very dense and complex cargo while providing a rapid cycle-time for inspection. As the busiest seaport along the Southeast and Gulf coasts(1), the Port of Charleston requires the high-throughput capability that OmniView offers." OmniView Gantry Inspection System The OmniView Gantry System provides 6 MeV high-energy transmission inspection for high penetration into inspected objects -- up to 14 inches (350 mm) of steel -- yet the system does not require an exterior building or heavy shielding. The OmniView Gantry System's scanning platform operates by moving on rails past stationary vehicles and cargo. The system is bi-directional allowing for a high-throughput of approximately 2 trucks per scan, 24 trucks per hour. 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 experience in developing advanced X-ray security systems, the Company's product line utilizes a variety of technologies including patented 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. (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(R) 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, 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. , 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. 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 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. (1) South Carolina State Ports, "Fact Sheet," May 3, 2006, www.port-of-charleston.com/About_the_Port/statistics/Statistics.asp (accessed May 12, 2006). |
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