Barringer Technologies Inc. Receives First Order for Its New Sentinel Walk-through Portal -- Also Receives Significant Order for Sabre 2000.Business Editors WARREN N.J.--(BUSINESS WIRE)--Oct. 25, 2000 Barringer Technologies Inc. (Nasdaq: BARR BARR Board on Agriculture and Renewable Resources (Washington, DC, USA) BARR Bureau of Aeronautics Resident Representative ), the world's leading provider of trace 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. equipment, today announced the first order for its Sentinel walk-through portal system portal system: see circulatory system. , as well as significant orders for its hand-held Sabre 2000(R). The combined value of these orders is approximately $900,000. Kenneth Wood, President of Barringer Technologies commented, "We are extremely pleased to announce our first order for our new Sentinel walk-through portal system, which was launched only a few weeks ago. I am also proud to note that the Sentinel received the Award for Excellence at the International Aviation Transport Association (IATA IATA International Air Transport Association, which sets the rules for air transport, including those concerning air transport of animals. ) Aviation Security conference held in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. last week. This award is given to the Company that has demonstrated new, innovative products that are expected to contribute to security within the aviation industry. Representatives from over 50 countries attended the IATA conference and were able to see, first hand, the unique attributes of the Sentinel. We remain optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the prospects for the Sentinel, as more and more potential customers are exposed to its advanced and unique trace detection capabilities." Mr. Wood concluded, "We also received a significant order for our Sabre 2000(R), hand-held trace detection unit. These units will be used for border patrol in Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. . Our Sabre 2000(R) has met with terrific success in the market and we expect it to add significant incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. revenue." Headquartered in Warren, New Jersey, Barringer Technologies Inc. is the dominant provider of trace detection equipment for drug, explosive, and chemical detection for security and industrial applications. The Sabre 2000(R) and the IONSCAN(R) are the Company's proprietary trace particle drug and explosive detection units. 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, unexpected difficulties in entering new markets, delays in market acceptance, uncertain demand for the company's products, competition and risks related to rapidly evolving technological developments , risks related to the Company's ability to successfully commercialize new applications and the timing thereof. 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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