BILLERICA, Mass., Aug. 29, 2012 (GLOBE NEWSWIRE) -- American Science and Engineering, Inc. ("AS&E") (Nasdaq:ASEI), a leading worldwide supplier of innovative X-ray detection solutions, announced today that the U.S. Department of State, Office of Small and Disadvantaged Business Utilization (OSDBU) has awarded the Company the 18 th Annual Department of State Small Business Prime Contractor of the Year Award. AS&E, through superlative service to the Department of State's Bureau of International Narcotics and Law Enforcement Affairs (INL) and Narcotics Affairs Section (NAS) programs in Mexico, provided significant support to the Merida Initiative in enabling the detection of contraband and other illegal items at the U.S.-Mexico border. The award will be presented to AS&E at a ceremony in the fall. The Small Business Prime Contractor of the Year Award, sponsored by the Deputy Secretary of State for Management and Resources, recognizes small business contractors who have displayed exemplary performance, customer service, management and technical capabilities. "This is a well-deserved honor, and we thank AS&E for its dedication and commitment to providing superior quality products and incomparable services in support of the Department's INL/NAS programs in Mexico and throughout the world," said Mark J. Toler, Contracting Officer, United States Department of State. "Our world-leading X-ray detection products are truly making a difference for governments in their efforts to fight crime and terrorism," said Anthony Fabiano, AS&E's President and CEO. "We thank the U.S. Department of State for recognizing AS&E's role in their successes to date. This award represents a proud achievement for our organization." The Narcotics Affairs Section (NAS) is the U.S. Embassy's coordinator for all projects under the $1.6 billion Merida Initiative. NAS provides Merida-funded equipment, technical assistance, and capacity building for Mexican law enforcement and judicial personnel. NAS also works with Mexican government and civil society partners to reduce drug demand and promote a culture of lawfulness. Under the Ambassador's leadership, NAS receives program guidance, support and funding from the Department of State's Bureau of International Narcotics and Law Enforcement Affairs (INL). 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 . The American Science and Engineering, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12556 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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