Barringer Technologies Inc. Awarded Contract From Sulzer Canada, Inc. for Heavy Water Liquid Analyzers.WARREN, N.J.--(BUSINESS WIRE)--March 10, 1999-- Contract Valued at $600,000 Barringer Technologies Inc. (Nasdaq: BARR BARR Board on Agriculture and Renewable Resources (Washington, DC, USA) BARR Bureau of Aeronautics Resident Representative ) today announced that it has been awarded a contract from Sulzer Canada, Inc. for the supply of two heavy water liquid analyzers to be used in the control and monitoring of a heavy water upgrader plant in Asia. Under terms of the contract, which is valued at $600,000, Barringer Technologies will deliver the analyzers and provide technical support and spares provisioning to the system integrator See systems integrator. , Sulzer Canada, Inc., by June 2000. Stanley Binder binder: see combine. An earlier Microsoft Office workbook file that let users combine related documents from different Office applications. The documents could be viewed, saved, opened, e-mailed and printed as a group. , Chairman and Chief Executive Officer of Barringer Technologies, said, "The award of this contract is especially gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. , in that it involves the sale of specialty instrumentation outside of Barringer's core drug and explosives detection business. We developed our heavy water analyzers a few years ago and the first delivered systems became operational in 1998. The award of this contract is a direct result of our success with these previous installations." Headquartered in Warren, New Jersey, Barringer Technologies Inc. is principally engaged in developing, manufacturing, and marketing of high technology products for drug and explosive detection Explosive detection is a non-destructive inspection process to determine whether a container contains explosive material. Explosive detection is commonly used at airports, ports and for border control. and other security and industrial applications. The IONSCAN(r) is the Company's proprietary trace particle drug and explosive detection unit. This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. When used in this press release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," the negative thereof and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, the following: general economic and political conditions, budgetary processes, the timing of government procurements Government procurement, also called public tendering, is the procurement of goods and services on behalf of a public authority, such as a government agency. With 10 to 15% of GDP in developed countries, and up to 20% in developing countries, government procurement accounts , other conditions in the markets for the Company's products, the ability of the Company to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. its business and successfully expand the applications of its core technology, and the availability of suitable acquisition candidates. Other factors may be described from time to time in the Company's public filings with the Securities and Exchange Commission, news releases and other communications. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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