Corporate Profile for American Science and Engineering, dated Feb. 16, 1996.available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0- Published date: Feb. 16, 1996 Company name: American Science and Engineering Inc.
Address: 829 Middlesex Turnpike
Billerica, Mass. 01821
Telephone No.: 508/262-8700 Chief Executive Officer: Ralph Sheridan Chief Financial Officer: Lee C. Steele Investor Relations Contact: Lee C. Steele/Jeff Bernfeld Business number: 508/262-8700 Public Relations Contact: Jeff Bernfeld Business number: 508/262-8700 Trading symbol: ASE
Industry: Security systems for drugs, bombs, weapons and
contraband
Company description: American Science & Engineering, founded in 1958, is the industry leader in the development of non-destructive, sophisticated X-ray inspection systems for use in the detection of illegal drugs, plastic explosives plastic explosive n. A versatile explosive substance in the form of a moldable doughlike solid, used in bombs detonated by fuse or electrical impulse. Also called plastique. and contraband contraband, in international law, goods necessary or useful in the prosecution of war that a belligerent may lawfully seize from a neutral who is attempting to deliver them to the enemy. . Employing its patented Z Backscatter backscatter in radiology, radiation deflected by scattering processes at angles greater than 90 degrees to the original direction of the beam of radiation. Important in radiotherapy when estimating surface exposure dose. technology, the company manufactures several systems for commercial and governmental applications: o CargoSearch examines large trucks for concealed drugs, explosive and other contraband. (Since inception in September 1994, it has been responsible for over 75 contraband seizures weighing in excess of 10,000 pounds.) o Model 66Z, MailSearch and LobbySearch are office building systems that inspect incoming packages for bombs, drugs and weapons. (This equipment is currently in use to protect the White House, the U.S. Capitol building, and Senate and House office buildings.) o MobileSearch is a truck-mounted field mobile unit that can perform surprise inspections of vehicles. (MobileSearch was delivered to Department of Defense for operational testing (testing) operational testing - A US DoD term for testing performed by the end-user on software in its normal operating environment. in January 1996.) o A device installed in a trailer environment that can scan two sides of a package simultaneously. (To date, three have been ordered for the 1996 Summer Olympics.) Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight and contract revenues grew to $12.1 million during the first three quarters of FY 1996 ended 12/30/95, a 21 percent increase from the comparable year ago period. A net profit of $459,000 was reported for the three quarters compared to a net loss of $401,000 in the corresponding year ago period. Revenues during the last full fiscal year totaled nearly $13 million. -0- Fifty-two week price range: $5 5/8 - $9 1/2. Shares outstanding 4,416,048 CONTACT: American Science & Engineering Inc. |
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