American Science and Engineering, Inc. Names Robert N. Shaddock to Board of Directors
June 23 2014 - 4:05PM
American Science and Engineering, Inc. ("AS&E") (Nasdaq:ASEI),
a leading worldwide supplier of innovative X-ray detection
solutions, announced today the appointment of Robert (Rob) N.
Shaddock to its Board of Directors. Mr. Shaddock is currently
Executive Vice President and Chief Technology Officer of TE
Connectivity (NYSE:TEL), a leader in connectivity that designs and
manufactures electronic connectors, components, and systems for the
world's leading industries, including aerospace and defense.
"We are delighted to welcome Rob Shaddock to the AS&E Board
of Directors," said Chuck Dougherty, AS&E's President and CEO.
"Mr. Shaddock brings a tremendous amount of expertise in technology
strategy and product development, as well as executive senior
management experience for global companies. His focus on innovation
and new technology will provide us with valuable insight as we
execute on our key growth initiatives — expanding our business
globally while continuing to develop innovative detection solutions
and technological applications."
Prior to joining TE Connectivity in 2008, Mr. Shaddock served at
Motorola in various roles, including Senior Vice President of its
Consumer Products business and Chief Technology Officer for its
Mobile Devices business. Previously, he served as Chief Executive
Officer of Blue Wave Systems, a developer of leading-edge
technology for the telecommunications and military industries. Mr.
Shaddock earned a Bachelor's degree in Engineering Science from the
University of Oxford, UK.
About AS&E
American Science and Engineering, Inc. (AS&E) is the trusted
global provider of threat and contraband detection solutions for
ports, borders, military, critical infrastructure, law enforcement,
and aviation. With over 50 years of experience, AS&E offers
proven, advanced, X-ray inspection systems to combat terrorism,
drug smuggling, illegal immigration and trade fraud. AS&E
systems are designed in a variety of configurations for cargo and
vehicle inspection, parcel inspection, and personnel screening.
Using a combination of technologies, these systems provide superior
detection capabilities, with high-energy, dual-energy, and Z
Backscatter® X-rays. Learn more about AS&E products and
technologies at www.as-e.com or follow us on Twitter
(@ase_detects).
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.
CONTACT: Public Relations Contact:
Dana Harris
Red Javelin Communications, Inc.
978-440-8392
dana@redjavelin.com
Laura Berman
American Science and Engineering, Inc.
978-262-8700
lberman@as-e.com
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