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Barringer Technologies Receives Orders Aggregating $1.1 Million From Customs Agencies.


Business Editors

WARREN, N.J.--(BUSINESS WIRE)--March 10, 2000

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
), the world's leading developer, manufacturer, and marketer 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 that it has received orders from various Customs and Border Patrol agencies for its IONSCAN(R) and SABRE trace narcotic narcotic, any of a number of substances that have a depressant effect on the nervous system. The chief narcotic drugs are opium, its constituents morphine and codeine, and the morphine derivative heroin.

See also drug addiction and drug abuse.
 detectors valued at approximately $1,100,000. Deliveries have begun and will be completed by the conclusion of the first quarter, which ends on March 31, 2000.

Mr. Kenneth Wood, President and COO of Barringer Technologies, said, "These orders come in the wake of substantial demonstrated success of our IONSCAN trace detection capability in drug seizure activity. In the last few years, the Years, The

the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]

See : Time
 United States Coast Guard United States Coast Guard

U.S. military service that enforces maritime laws. It is under the jurisdiction of the Department of Homeland Security; in wartime it functions as part of the U.S. Navy. The Coast Guard enforces federal laws on the high seas and waters within U.S.
, with over 60 IONSCAN platforms in its fleet, has recorded seizures in excess of $3.5 billion of cocaine in operations utilizing the IONSCAN. Australia Customs, with nearly 50 IONSCANs in operation, has used the IONSCAN to detect illegal 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.  hidden in items such as metal shafts, computer monitors, and bicycles. Canada Customs has increased its IONSCAN base to over 40 units, and reports similar success working at ports of entry and border crossings. These orders also include our new handheld SABRE detector. We believe the SABRE will make a substantial impact in federal, state and local law enforcement efforts in the drug interdiction The interception of illegal drugs being smuggled by air, sea, or land. See also counterdrug operations.  area. With its portability, functionality and affordable price, we believe the SABRE will also open new market opportunities in the local law enforcement area. We are currently increasing our sales staff to accommodate the increasing activity in this marketplace."

Stanley Binder, chairman 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.  also commented, "Inquiries for all of our products have increased significantly compared to the past two years. This is primarily due to the interest increased demand for our IONSCAN detector. When taken together with the recently announced $6.2 million order received from the Government of Israel, we believe that we will achieve strong revenue growth for the year 2000 with a significant increase in operating income Operating Income

The profit realized from a business' own operations.

Notes:
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit.
 due to our operating leverage Operating Leverage

A measurement of the degree to which a firm or project relies on fixed rather than variable costs.

Notes:
The higher the degree of operating leverage, the greater the potential danger from forecasting risk.
."

Headquartered in Warren, New Jersey, Barringer Technologies Inc. is principally engaged in the developing, manufacturing and marketing of high technology products for drug and explosive detection and other 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 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 "believe," "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, and other conditions effecting the markets for the Company's products. 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. 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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Publication:Business Wire
Geographic Code:1USA
Date:Mar 10, 2000
Words:630
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