Analogic Corporation Receives New Order for Its EXplosive Assessment Computed Tomography Systems.PEABODY, Mass. -- John Wood, 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. of Analogic Corporation (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 : ALOG), announced today that the Company has received a new order for its EXplosive Assessment Computed Tomography (EXACT(TM)) Systems from L-3 Communications' (NYSE NYSE See: New York Stock Exchange : LLL LLL abbr. left lower lobe (of the lung) ) subsidiary, L-3 Communications Security and Detection Systems, Inc. The order has a value of approximately $25,000,000. Shipments will begin in June 2005 and continue into February 2006. Analogic is currently shipping units to fulfill an earlier order of similar scope from L-3. Shipments for that order, originally scheduled to be completed in December 2005, will be accelerated for completion in June 2005. "This is a significant order from L-3 Communications and we are pleased to have received it," John Wood said. "These units will include our new full-field-of-view computer with improved reconstruction capability to better image a variety of bag sizes. This major enhancement is part of our continuing commitment to improve explosives detection technology." Analogic's EXACT systems are built in a new 50,000-square-foot security manufacturing facility at the Company's Peabody headquarters. The EXACT is the "heart" of L-3's eXaminer 3DX(R) 6000, a certified Explosives Detection System (EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. ) that has been purchased by the U.S. Transportation Security Administration (TSA TSA See tax-sheltered annuity (TSA). ) and installed at major airports across the U.S. The L-3 systems are also installed at a number of leading international airports, including Israel's Ben Gurion Airport, Singapore's Changi Airport, and Italy's Fiumicino and Ciampino airports. Analogic Corporation is a leading designer and manufacturer of advanced health and security systems and subsystems sold to Original Equipment Manufacturers (OEMs). The Company is recognized worldwide for advancing the state of the art in Computed Tomography (CT), Digital Radiography (DR), Ultrasound, Magnetic Resonance Imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. (MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. ), Patient Monitoring, Cardiovascular Information Management, and Embedded Multiprocessing. This press release reflects the Company's or management's intentions, hopes, beliefs, expectations, or predictions. These are considered "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. Forward-looking statements (statements that are not historical facts) in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward-looking statements, including statements about product development, market and industry trends, strategic initiatives, regulatory approvals, sales, profits, expenses, price trends, research and development trends, and capital expenditures, involve risks and uncertainties, and that actual events and results may differ significantly from those anticipated in such statements. Actual results may differ materially from those anticipated in such forward-looking statements as a result of various factors, including those discussed in the Company's periodic reports filed with the SEC. |
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