Barringer Technologies Receives Orders for IONSCAN and SABRE Trace Explosive Detectors Aggregating $3.2 Million.Business/Technology Editors WARREN, N.J.--(BUSINESS WIRE)--March 21, 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 is has received orders for its IONSCAN (R) and SABRE trace explosive detectors valued at approximately $3,150,000, from various aviation security and anti-terrorist agencies around the world. Deliveries have begun and are expected to be completed by the end of the second quarter of 2000. Mr. Kenneth Wood, President and COO (Cell Of Origin) See mobile positioning. of Barringer Technologies, said, "These new orders strongly affirm our position as the premier supplier of trace detection instruments to the security community worldwide. The equipment will be used to support an array of anti-terrorist missions and applications. These recent orders include follow-on procurements from the Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control for continued deployment of trace detectors at additional U.S. airports and purchases by the Department of State for embassy security." Mr. Wood continued, "These orders also include the first orders received for our SABRE 2000 hand held detector detector: see particle detector. for explosive detection applications. All previous orders were for drug interdiction The interception of illegal drugs being smuggled by air, sea, or land. See also counterdrug operations. applications. As we anticipated, the SABRE is beginning to enjoy market acceptance among customers seeking a lower cost, more reliable, more portable trace detection capability." Mr. Wood concluded, "Together with other previous orders, our backlog is now approximately $10.2 million, giving us a solid start to the year 2000." 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 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 , 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 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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