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BARRINGER TECHNOLOGIES ANNOUNCES SECOND QUARTER RESULTS

 BARRINGER TECHNOLOGIES ANNOUNCES SECOND QUARTER RESULTS
 SOUTH PLAINFIELD, N.J., Aug. 12 /PRNewswire/ -- Barringer Technologies, Inc. (NASDAQ: BARR) today announced results for the second quarter ended June 30, 1992. Sales for the quarter were $352,000 and the net loss was $609,000 compared to sales of $527,000 and a net loss of $788,000 for the comparable quarter in 1991. For the six months ended June 30, 1992 sales were $1,505,000 with a net loss of $791,000 versus sales of $952,000 and a net loss of $1,522,000 in the prior year period.
 Stanley Binder, president, commented, "Despite the significant improvement in the first six months of 1992 versus 1991, the second quarter results were disappointing. These results were caused by the failure to receive written confirmation of purchase orders where oral indications have been received for multiple IONSCAN Unit purchases. These buyers are governmental agencies and the delay in written order receipt is due to the nature of their bureaucracy. Two of those orders were received and shipped in the beginning of July and we anticipate that the remaining orders will be received and shipped in the third quarter." Binder went on further to say that ... "We are, however, excited by the fact that PSE&G has purchased IONSCAN, as this opens a new industrial market with an immense potential."
 Headquartered in South Plainfield, N.J., Barringer Technologies, Inc. is a holding company with two operating entities. Barringer Instruments, Inc. develops, manufactures and markets specialty analytical instruments for security, law enforcement, exploration and environmental applications. Barringer Laboratories, Inc. (NASDAQ: BALB), 49 percent owned, provides analytical testing services for the environmental and minerals industries.
 BARRINGER TECHNOLOGIES, INC.
 Condensed Results Of Operations
 (Unaudited)
 Periods ended Three months Six months
 June 30 1992 1991 1992 1991
 Revenues $352,000 $527,000 $1,505,000 $952,000
 (Loss) from continuing
 operations (609,000) (712,000) (791,000) (1,244,000)
 Operations held for sale -- (76,000) -- (278,000)
 Net (loss) (609,000) (788,000) (791,000) (1,522,000)
 Preferred dividend
 requirements 39,000 28,000 87,000 48,000
 Per Share (Loss) Data:
 Continuing operations $(.08) $(.09) $(.11) $(.16)
 Held for sale -- (.02) -- (.06)
 Net (loss) per share (.08) (.11) (.11) (.22)
 Weighted average shares
 outstanding 8,552,000 7,648,000 8,220,000 7,138,000
 -0- 8/12/92
 /CONTACT: Stanley Binder of Barringer Technologies, 908-561-6000, or Leonardo Zangani, of L.G. Zangani Inc., 908-788-9660, for Barringer/
 (BARR) CO: Barringer Technologies, Inc. ST: New Jersey IN: SU: ERN


TM-SM -- NY003 -- 9248 08/12/92 08:55 EDT
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Publication:PR Newswire
Date:Aug 12, 1992
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