American Science & Engineering, Inc. Awarded $8.8 Million Order to Secure Middle East Critical Infrastructure with its Advanc...
December 19 2011 - 8:00AM
Business Wire
American Science and Engineering, Inc. (“AS&E”) (NASDAQ:
ASEI), a leading worldwide supplier of innovative X-ray detection
solutions, announced today it has received an $8.8 million order
for a combination of cargo and vehicle screening systems to secure
critical infrastructure in the Middle East. This order includes the
first deployment of Sentry™ Portal high-throughput, high-energy
cargo inspection systems in the Middle East.
“With threat levels for critical infrastructure heightened
around the world, securing vital assets has become imperative,”
said Anthony Fabiano, AS&E’s President and CEO. “To meet the
stringent detection requirement for our client, security officials
will use AS&E’s unique cargo inspection solutions to inspect
all vehicles and trucks entering the high-threat facility. The
combination of our advanced cargo products will give officials the
most comprehensive, high-throughput X-ray inspection systems for
both metallic and organic threat detection.”
AS&E has a full range of cutting-edge, industry-proven cargo
inspection solutions that are essential for the protection of
critical infrastructure including facilities for government,
national defense, electricity, telecommunications, transportation,
water supplies, military, police, banking, hospitals, heating,
agriculture, oil and gas refineries, and national monuments. With
more than 50 years of experience providing X-ray technology,
AS&E understands the challenges of protecting critical
infrastructure. With critical infrastructure customers such as the
U.S. Department of Defense (DoD) and U.S. Department of Homeland
Security (DHS), AS&E’s systems are deployed worldwide, helping
large governments and corporations protect their vital assets.
About Sentry Portal System: High-Throughput, High-Penetration
Drive-Through Cargo Inspection
AS&E’s Sentry Portal system is an advanced, high-throughput,
high-penetration drive-through cargo inspection solution that
delivers a reliable means of detecting threatening materials,
weapons, and contraband hidden in cargo containers, tankers, and
large vehicles while maintaining the flow of commerce. The system
is extremely safe for drivers, operators and cargo, and offers the
unique combination of high-throughput capability with unsurpassed
image quality. Using a high-energy transmission X-ray source, the
Sentry Portal provides high-penetration into inspected objects — up
to 300 mm (12 inches) of steel — and unsurpassed image quality,
with a throughput of up to 150 trucks per hour. Sentry Portal
offers a means of scanning a very high percentage of containers at
high volume seaports, border crossings, and security checkpoints.
The system features a compact footprint allowing for installation
in areas with space constraints. Safety Assured: Employing
technology to avoid scanning the cab of the truck, a robust
container locating sub-system ensures safe drive through operation,
so that the driver is never exposed to high-energy X-rays.
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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