American Science and Engineering, Inc. (“AS&E”) (NASDAQ: ASEI), a leading worldwide supplier of innovative X-ray detection solutions, announced today that it has received an order for 36 Gemini™ parcel and baggage X-ray inspection systems to protect a high-threat commercial facility in India. The Gemini 6040 and Gemini 100100 systems will inspect parcels, baggage, and delivery goods at various checkpoints in the facility. The Gemini system combines two complementary technologies in one comprehensive system for enhanced detection of explosive threats.
“AS&E’s Gemini systems will provide an effective solution to inspect small parcels and large packages entering the high profile facility in India,” said Anthony Fabiano, AS&E’s President and CEO. “The Gemini’s unique multi-technology capability provides security officials with the most information about briefcases, packages, and parcels entering the facility with a comprehensive ability to detect both metallic and organic, explosive threats — even in cluttered environments. We are most pleased to be working with this new high profile customer in support of its important security initiatives.”
Gemini : Unique Multi-Technology Parcel Inspection Systems
The Gemini parcel inspection system is the lowest cost multi-technology parcel inspection system on the market and the only system to combine AS&E’s Z Backscatter™ technology and dual-energy transmission. AS&E’s Z Backscatter technology provides enhanced detection of organic materials such as explosives (including sheet and liquid explosives), drugs, and plastic weapons which are easily missed by transmission-only systems in cluttered parcels. Z Backscatter technology’s photo-like images are easy to interpret, thereby speeding analysis time, potentially decreasing bags flagged for secondary screening, and reducing operator fatigue. Dual-energy transmission provides outstanding image quality, and enables the quick detection of a wide variety of threats such as guns, knives, and wires for Improvised Explosive Devices (IEDS). In addition, dual-energy offers organic and metallic discrimination. The Gemini 6040, Gemini 7555, and Gemini 100100 systems offer multiple tunnel sizes to inspect air cargo, large packages, break-bulk cargo, mail and other small parcels to meet the security requirements for customs checkpoints, high-threat facilities, building lobbies, air-cargo facilities, and mailrooms.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 and trade fraud, drug smuggling, weapon smuggling, and 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), and North Atlantic Treaty Organization (NATO), UK Border Agency (UKBA). 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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