Barringer Technologies Inc. Announces Introduction of a New Product Line to Detect Nuclear Contraband.MURRAY HILL, N.J.--(BUSINESS WIRE)--Jan. 15, 1998--Barringer Technologies 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 : BARR BARR Board on Agriculture and Renewable Resources (Washington, DC, USA) BARR Bureau of Aeronautics Resident Representative , BARRW) today announced the introduction of a line of new products, which will assist in the detection and identification of nuclear contraband material. The products, which will be marketed under the GAMMATRACE name, will provide customs, security, and law enforcement personnel with a sensitive, selective and reliable means to detect and identify nuclear contraband. The products will be manufactured by Exploranium G.S. Limited, 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 Mississauga, Ontario, Canada. Barringer Technologies new line of products, which range in size from a small handheld unit selling for approximately $10,000, to large vehicle drive-through systems selling for approximately $70,000, will provide a cost effective solution for the detection and identification of nuclear contraband. Mr. Stanley Binder, President and Chief Executive Officer of Barringer Technologies, said, "Through this alliance with Exploranium, Barringer will have the exclusive worldwide sales rights for these products to our premier, diverse customer base, which includes civil aviation authorities and law enforcement and customs agencies, among others." Mr. Binder continued, "The increased 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 of nuclear material has created a high level of concern for governments around the world. With the introduction of the GAMMATRACE line, Barringer offers a solution to this increasingly sensitive issue. The GAMMATRACE line complements our IONSCAN(R) products by broadening the scope of technologies available to governments and agencies as they work to enhance public safety." Headquartered in Murray Hill, New Jersey
CONTACT: Stanley Binder, 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. Richard S. Rosenfeld, CFO See Chief Financial Officer. Barringer Technologies Inc. (908) 665-8200 or Investor Relations: Cheryl Schneider/Tessa Lavender Press: Michael McMullan Morgen-Walke Associates, Inc. (212) 850-5600 |
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