Ancore To Increase Global Presence for Inspection Technology Through Marketing Agreement With OSI Systems' Rapiscan Security Products Subsidiary.Business Editors SANTA CLARA, Calif.--(BUSINESS WIRE)--May 16, 2000 Ancore Corporation, a leading developer of automatic, material-specific inspection technologies, today announced a global marketing agreement with Rapiscan Security Products wherein Rapiscan will market and distribute Ancore products as well as combined products. This agreement will significantly expand Ancore's presence worldwide. Rapiscan Security Products, a leading supplier of high quality X-ray screening and explosive detection systems, has four global locations and is a member of the OSI Systems group of companies (Nasdaq:OSIS OSIS Open Source Information System (now Intelink-U; US DOD) OSIS Ocean Surveillance Information System OSIS One-Stop Internet Shop (European Union) OSIS Open Scriptural Information Standard ). "This agreement represents tremendous opportunities for both companies," said Tsahi Gozani, 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 Ancore Corporation. "Our unique technology is an excellent complement to Rapiscan's wide range of existing X-ray-based products. This collaboration will allow us to offer the best and most cost effective technologies to our customers and will result in substantial sales growth for both Companies." Ancore's products are designed to non-intrusively and automatically detect and identify explosives, narcotics narcotics n. 1) techinically, drugs which dull the senses. 2) a popular generic term for drugs which cannot be legally possessed, sold, or transported except for medicinal uses for which a physician or dentist's prescription is required. , chemical weapons, hazardous chemicals and most smuggled smug·gle v. smug·gled, smug·gling, smug·gles v.tr. 1. To import or export without paying lawful customs charges or duties. 2. To bring in or take out illicitly or by stealth. goods. The company's patented technologies are able to identify materials by their specific composition in virtually any type of container ranging from small parcels to luggage to full-size, fully loaded cargo containers and trucks. "We are delighted to have this opportunity to work with Ancore. We look forward to a mutually beneficial relationship," said Rapiscan President Andy Kotowski. Kotowski and Rapiscan VP of Marketing Peter Williamson were instrumental in forging the alliance. Doug Brown, Vice President Business Development for Ancore added, "Combining Ancore's marketing presence in specific countries with Rapiscan's worldwide team will now give Ancore a global presence." Ancore Corporation is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Santa Clara, Calif. Ancore Corporation was formed in 1997 after 20 years of developing non-intrusive inspection technology as the Advanced Nucleonics nucleonics the study of nucleons or of atomic nuclei and their reactions; nuclear physics. Division of Science Application International Corporation (SAIC SAIC - http://saic.com. ). |
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