Analogic Receives TSA Funding for DualUse Threat-Detection Systems
March 15 2012 - 4:00PM
Analogic Corporation (Nasdaq:ALOG), enabling the world's medical
imaging and aviation security technology, today announced that it
has received up to $2.6 million of funding from the U.S.
Transportation Security Administration (TSA) for upgrade of COBRA
DualUseTM threat detection systems. Built on Analogic's proprietary
3-D computed tomography (CT) technology, the COBRA DualUse system
screens both carry-on and checked baggage, improving airport
efficiency and security.
Jim Green, Analogic's president and CEO, commented, "The COBRA
DualUse system advances CT threat-detection capabilities at the
checkpoint, particularly at small and medium-sized airports. We
value our partnership with TSA and look forward to the deployment
of this innovative and cost effective technology."
Analogic designed the COBRA DualUse system to improve
operational efficiency and lower lifecycle costs while providing
superior threat detection for both checkpoint and checked
applications. System benefits include:
- Reduced Cost: A single system with both
checkpoint and checked baggage capabilities that lowers overall
acquisition, deployment, and maintenance costs;
- Enhanced Security: Checkpoint system
that provides TSA-certified checked-baggage screening capability;
and
- Increased Throughput: Laptops can remain
in bags; up to 30 percent increase compared to current checkpoint
technologies.
Analogic's CT technology meets the highest TSA standard for
certified threat detection. Over the past fifteen years, Analogic
has developed and deployed more than 1000 state-of-the-art
threat-detection systems and subsystems for use in airports around
the world. Analogic provides innovative solutions for a wide
spectrum of customers ranging from small regional airports to large
international hubs.
Forward-Looking Statements
Any statements about future expectations, plans, and prospects
for the Company, including statements containing the words
"believes," "anticipates," "plans," "expects," and similar
expressions, constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those indicated by such
forward-looking statements as a result of various important
factors, including risks relating to product development and
commercialization, limited demand for the Company's products, risks
associated with competition, uncertainties associated with
regulatory agency approvals, competitive pricing pressures,
downturns in the economy, the risk of potential intellectual
property litigation, and other factors discussed in our most recent
quarterly report filed with the Securities and Exchange Commission.
In addition, the forward-looking statements included in this
presentation represent the Company's views as of the date of this
document. While the Company anticipates that subsequent events and
developments will cause the Company's views to change, the Company
specifically disclaims any obligation to update these
forward-looking statements. These forward-looking statements should
not be relied upon as representing the Company's views as of any
later date.
About Analogic
Analogic (Nasdaq:ALOG) provides leading-edge healthcare and
security technology solutions to advance the practice of medicine
and save lives. We are recognized around the world for advanced
imaging systems and technology that enable computed tomography,
ultrasound, digital mammography, and magnetic resonance imaging
(MRI), as well as automated threat detection for aviation security.
Our CT, MRI, digital mammography, and ultrasound transducer
products are sold to original equipment manufacturers (OEMs),
providing state-of-the-art capability and enabling them to enter
new markets and expand their existing market presence. Our
market-leading BK Medical branded ultrasound systems, used in
procedure-driven markets such as urology, surgery, and anesthesia,
are sold to clinical end users through our direct sales force. For
over 40 years we've enabled customers to thrive, improving the
health and enhancing the safety of people around the world.
Analogic is headquartered just north of Boston, Massachusetts. For
more information, visit www.analogic.com.
Analogic is a registered trademark of Analogic Corporation.
The globe logo and COBRA DualUse are trademarks of Analogic
Corporation.
CONTACT: Investor Contact:
Mark Namaroff
Director of Investor Relations
& Corporate Marketing
(978) 326-4058
investorrelations@analogic.com
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