American Science and Engineering, Inc. Receives $18.8 Million Order for its Proprietary Cargo Inspection Systems

Cargo X-ray Inspection Systems to Scan Vehicles and Trucks at Border Crossings for Explosive Threats and Contraband
American Science and Engineering, Inc. ~ September 15, 2009,
BILLERICA, Mass.--(BUSINESS WIRE)--American Science and Engineering, Inc. (AS&E®) (NASDAQ: ASEI - News), a leading worldwide supplier of innovative X-ray detection solutions, announced today that it has received an $18.8 million order for cargo X-ray inspection systems from an unnamed government agency to screen cargo and vehicles for explosive threats and contraband at border crossings.
“We continue to gain worldwide recognition and increased demand for our differentiated and highly effective technologies,” said Anthony Fabiano, President and CEO. “Our cargo X-ray inspection systems provide unparalleled detection capabilities to enhance security measures at border crossings, ports, and high-risk facilities.”
Utilizing highly advanced inspection technologies, in combination or stand-alone, AS&E’s X-ray inspection systems can detect a range of threats and contraband, including drugs, plastic and metal weapons, plastic explosives, and stowaways. AS&E’s cargo inspection systems are available in a variety of configurations and can inspect cars, vans, and trucks, as well as palletized cargo, and air and sea cargo containers.
About AS&E®
American Science and Engineering, Inc. (AS&E) is the 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), North Atlantic Treaty Organization (NATO), HM Revenue & Customs (U.K.), 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 or delays 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; 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; and the potential insufficiency of Company resources, including human resources, capital, plant and equipment and management systems, to accommodate any future growth, and future delays in federal funding. 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.
Contact:
Red Javelin Communications, Inc.
Dana Harris,
978-440-8392
dana@redjavelin.com
or
American Science and Engineering, Inc.
Laura Berman,
978-262-8700
lberman@as-e.com