American Science and Engineering, Inc. Receives Order for Five ZBV Systems from Law Enforcement Agency in South America
January 06 2012 - 8:30AM
Business Wire
American Science and Engineering, Inc. (“AS&E”) (NASDAQ:ASEI), a leader in X-ray
detection technology, announced today the receipt of an order for
five of its top-selling Z Backscatter™ Vans (ZBV) from a law
enforcement agency in South America.
“We continue to increase our installed base in South America
with our innovative ZBV™ system,” said Anthony Fabiano, AS&E’s
President and CEO. “With its unsurpassed versatility,
maneuverability, and proven detection capabilities, the ZBV system
is ideal for law enforcement and checkpoint security.”
AS&E’s Z Backscatter Van (ZBV)
A breakthrough in X-ray detection technology, AS&E’s Z
Backscatter Van is the number one selling non-intrusive mobile
inspection system on the market. The ZBV system is a highly mobile
screening system built into a commercially available delivery van.
The ZBV system allows for immediate deployment in response to
security threats, and its high throughput capability facilitates
rapid inspections.
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 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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