Barringer backlog at record high with order for seven drug detection systems from the US Coast Guard.NEW PROVIDENCE, N.J.--(BUSINESS WIRE)--May 17, 1996--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 ) today announced that it has received an order for seven (7) of its Model 400 IONSCAN(R) drug detectors and related accessories from the 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. for its anti-drug operations. The equipment is expected to be deployed in the continuing effort to interdict interdict (ĭn`tərdĭkt), ecclesiastical censure notably used in the Roman Catholic Church, especially in the Middle Ages. When a parish, state, or nation is placed under the interdict no public church ceremony may take place, only certain the flow of illegal drugs into the United States. The U.S. Coast Guard is one of the company's major customers for the IONSCAN(R) equipment. This order raises Barringer's order backlog for its IONSCAN(R) drug and explosives detection units to a record high 26 units. At this time last year, the company's backlog was insignificant. Included in the backlog are units to be delivered under the previously announced European Passenger Service Ltd. contract award as well as new orders for delivery into the civil aviation market. It is anticipated that the majority of the backlog will be delivered in the second quarter. Stanley Binder, president and chief executive officer, stated that "it is 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. to see our backlog of orders at this record level. It reflects, not only the growing acceptance of the company's IONSCAN(R) instrumentation, but also the increasing demand in the market place for drug and explosives detection capability. As the world's leading provider of instrumentation for both drug interdiction and anti-terrorist explosives detection we believe we can offer attractive solutions to customers seeking this type of instrumentation." Headquartered in New Providence, Barringer Technologies Inc. is a holding company with two operating groups. Barringer Instruments develops, manufactures and markets specialty analytical instruments for drugs and explosives detection, exploration and environmental monitoring applications. Barringer Consumer Products markets an in-home drug detection and identification kit. CONTACT: Barringer Technologies Inc. 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. 908/665-8200 |
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