InVision Technologies Receives $2.6 Million Order for CTX 9000 DSi Explosive Detection Systems to be Installed in Greece.Business Editors NEWARK, Calif.--(BUSINESS WIRE)--Jan. 20, 2000 InVision Technologies, Inc. (Nasdaq:INVN) today announced that it has received a $2.6 million order for CTX CTX Context (Management; Tandem) CTX Centex Corporation (stock symbol) CTX Centrex CTX Cyclophosphamide CTX Corporate Trade Exchange CTX Cytoxan CTX Cholera Toxin CTX Clinical Trial Exemption 9000 DSi(TM) explosive detection systems (EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. ) to be installed in the new Athens International Airport. The systems will be shipped during the second quarter of 2000. Sergio Magistri, InVision's president 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. , said, &uot;We are pleased that the new Athens International Airport has selected our next-generation EDS over a competitor's product. The airport chose the CTX 9000 DSi because of its overall performance and because InVision is the only company to have successfully operated FAA-certified systems in airports for several years. In addition, the CTX 9000 system's one-meter wide conveyor belt will make it easier to integrate it into the airport's baggage handling system A Baggage Handling System (BHS) is a type of conveyor system installed in airports that transports checked luggage from ticket counters to areas where the bags can be loaded onto airplanes. .&uot; &uot;This is the first European order for our CTX 9000 system,&uot; Dr. Magistri continued, &uot;and follows contracts we've recently signed for this new system with the FAA, San Francisco International Airport “SFO” redirects here. For other uses, see SFO (disambiguation). For the television series, see . , and Inchon International Airport in Korea. We believe we will have additional business opportunities in Europe over the coming months as airports comply with the European Civil Aviation Conference's (ECAC ECAC Eastern College Athletic Conference ECAC European Civil Aviation Conference ECAC Exceptional Children's Assistance Center (Davidson, NC, USA) ECAC Electromagnetic Compatibility Analysis Center ECAC Estimated Cost At Completion ) requirements for 100% baggage screening by the end of 2002.&uot; InVision Technologies develops, manufactures, markets, and supports explosive detection systems based on advanced computed tomography (CT) technology for civil aviation security. Today, more than 180 FAA-certified CTX(TM) series systems have been shipped worldwide to provide the traveling public with the best security against terrorism available. The company also develops, manufactures, markets and supports CT-based systems for other applications including drug detection. InVision's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Quantum Magnetics, develops and commercializes patented and proprietary technologies, including key quadrupole A quadrupole is one of a sequence of configurations of electric charge or gravitational mass that can exist in ideal form, but it is usually just part of a multipole expansion of a more complex structure reflecting various orders of complexity. resonance (QR) patents licensed from the Naval Research Laboratory Noun 1. Naval Research Laboratory - the United States Navy's defense laboratory that conducts basic and applied research for the Navy in a variety of scientific and technical disciplines NRL , that are based on a state-of-the-art, low-cost version of magnetic resonance adapted for explosive detection. Additional information about InVision can be obtained on the company's web site at: http://www.invision-tech.com. This news release contains forward-looking statements including statements regarding projected revenues. Investors are cautioned to consider the important risk factors that could cause actual results to differ materially from those in the forward-looking statements in this news release. These risk factors include risks inherent to doing business with public agencies, such as limited funding, and risks inherent in manufacturing and delivering products on time; and other risks detailed from time to time in the company's SEC reports, including the most recent reports on Forms 10-Q and 10-K. Note to Editors: CTX 9000 DSi and CTX are trademarks of InVision Technologies. Inc. |
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