American Science and Engineering, Inc. Announces Communications are Restored
November 02 2011 - 12:17PM
Business Wire
American Science and Engineering, Inc. (“AS&E”) (NASDAQ:
ASEI), a leading worldwide supplier of innovative X-ray detection
solutions, announced today that its communications at its
headquarters in Billerica, Massachusetts have been fully restored.
The Company announced yesterday that alternate communications were
in place due to the extraordinary October storm in the Northeast
over the weekend.
About AS&E
American Science and Engineering, Inc. (AS&E) is a leading
worldwide supplier of innovative X-ray inspection systems. With
over 50 years of experience in developing advanced X-ray security
systems, the Company’s product line utilizes a combination of
technologies, including patented Z Backscatter technology,
Radioactive Threat Detection (RTD), high energy transmission and
dual energy transmission X-ray. These technologies offer superior
X-ray threat detection for plastic explosives, plastic weapons,
liquid explosives, dirty bombs and nuclear devices. AS&E’s
complete range of products include cargo inspection systems for
port and border security, baggage screening systems for facility
and aviation security, and personnel and passenger screening
systems. AS&E® systems protect high-threat facilities and help
combat terrorism, trade fraud, drug smuggling, weapon smuggling,
illegal immigration, and people smuggling. AS&E customers
include leading government agencies, border authorities, military
bases, airports and corporations worldwide, including the U.S.
Department of Homeland Security (DHS), U.S. Department of Defense
(DoD), U.S. Customs and Border Protection (CBP), North Atlantic
Treaty Organization (NATO), UK Border Agency (UKBA), Hong Kong
Customs, and Abu Dhabi Customs. For more information on AS&E
products and technologies, please visit www.as-e.com.
Safe Harbor Statement: The
foregoing press release contains statements concerning AS&E’s
financial performance, markets and business operations that may be
considered “forward-looking” under applicable securities laws.
AS&E wishes to caution readers of this press release that
actual results might differ materially from those projected in any
forward-looking statements. Factors which might cause actual
results to differ materially from those projected in the
forward-looking statements contained herein include the following:
significant reductions, delays or cancellations (in full or in
part) in procurements of the Company’s systems by the United States
and other governments; disruption in the supply of any source
component incorporated into AS&E's products; litigation seeking
to restrict the use of intellectual property used by the Company;
limitations under certain laws on the Company’s ability to protect
its own intellectual property; potential product liability claims
against the Company; global political trends and events which
affect public perception of the threat presented by drugs,
explosives and other contraband; global economic developments and
the ability of governments and private organizations to fund
purchases of the Company’s products to address such threats; the
potential insufficiency of Company resources, including human
resources, capital, plant and equipment and management systems, to
accommodate any future growth; technical problems and other delays
that could impact new product development and the Company’s ability
to adapt to changes in technology and customer requirements;
competitive pressures; lengthy sales cycles both in United States
government procurement and procurement abroad; future delays in
federal funding, the market price of the company's stock prevailing
from time to time, the nature of other investment opportunities
presented to the company from time to time, the company's cash
flows from operations and market and general economic conditions.
These and certain other factors which might cause actual results to
differ materially from those projected are detailed from time to
time in AS&E’s periodic reports and registration statements
filed with the Securities and Exchange Commission, which important
factors are incorporated herein by reference. AS&E undertakes
no obligation to update forward looking statements to reflect
changed assumptions, the occurrence of unanticipated events, or
changes in future operating results, financial condition or
business over time. Readers are further advised to review the “Risk
Factors” set forth in the Company’s most recent Form 10-Q and Form
10-K, which further detail and supplement the factors described in
this Safe Harbor Statement. Among other disclosures, the Risk
Factors disclose risks pertaining to that portion of the Company’s
business that is dependent on United States government contracting
as well as international customers.
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