American Science and Engineering, Inc. Establishes
Marketing and Distribution Channel in China for the ZBV with Nuctech; AS&E
to supply ZBV X-ray Sub-Systems to Nuctech Company Limited
BILLERICA, Mass., Dec 19, 2005 -- Continuing to expand the global reach of
its proprietary technology, American Science and Engineering, Inc. (ASEI)
(AS&E(R)), a worldwide leader in X-ray detection technology, announced today
a marketing and distribution partnership in China with Nuctech Company
Limited (Nuctech), a worldwide leading research and development enterprise
and manufacturer of cargo X-ray inspection systems, for the Z(R) Backscatter
Van(TM) (ZBV). In addition to acting as a value added reseller, Nuctech will
supply parts, training, warranty and service and support for the ZBV. The
partnership will enable AS&E access into the Chinese security inspection
market.
The agreement provides for Nuctech to integrate a pre-assembled X-ray
sub-system of AS&E's Z Backscatter Van (ZBV) into a local vehicle chassis
for distribution to Chinese customers. The X-ray sub-system will include
AS&E proprietary software. AS&E has also received the first order from
Nuctech for the ZBV X-ray sub-system.
"This agreement offers AS&E a significant opportunity to bring our
proprietary ZBV into the world's fastest growing market," said Anthony
Fabiano, President and CEO. "Our new partner, Nuctech, with its reputation
for delivering high-quality X-ray detection systems, will open up key
distribution channels in China for the ZBV. The first order for the ZBV
X-ray sub-system initiates this strategic alliance -- another important step
for the ZBV's recognition in the world marketplace."
Fabiano continued, "In advance of this agreement, AS&E has filed for patents
in China for AS&E's proprietary technology -- a move that is consistent with
our strategy to secure protection for our critical Intellectual Property
internationally as well as domestically. We look forward to working closely
with our colleagues at Nuctech to make the sale of the ZBV in China a
mutually successful business venture."
A breakthrough in X-ray detection technology, AS&E's Z Backscatter Van is a
low-cost, highly mobile screening system built into a commercially available
delivery van. The ZBV allows for immediate deployment in response to
security threats, and its high throughput capability facilitates rapid
inspections. The system's unique "drive-by" capability allows one or two
operators to conduct X-ray imaging while the ZBV drives past suspect
vehicles and objects. For personnel safety in dangerous environments, a
remote console is available for operating the system in stationary mode from
a distance of up to 500 meters.
About AS&E(R)
American Science and Engineering, Inc. (AS&E) is the leading worldwide
supplier of innovative X-ray inspection and screening systems. With more
than 45 years experience in developing advanced X-ray security systems, the
Company's product line utilizes a variety of technologies including patented
Z(R) Backscatter(TM), Shaped Energy(TM) and Radioactive Threat Detection (RTD).
These technologies offer superior detection of threats including plastic
explosives, plastic weapons, illegal drugs, other contraband, dirty bombs
and nuclear devices. AS&E offers a complete range of X-ray inspection
products including Z(R) Backscatter screening systems, CargoSearch(TM), and
ParcelSearch(TM) inspection systems, used for critical detection and
security applications to combat terrorism, drug and weapon smuggling, trade
fraud, and illegal immigration. AS&E customers include leading governmental
agencies, border authorities, military bases, airports and corporations
worldwide, including the U.S. Department of Homeland Security, U.S.
Department of Defense, U.S. Customs and Border Protection, Royal Thai
Police, HM Customs & Excise (U.K.) and Hong Kong 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.
SOURCE: American Science and Engineering, Inc.
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
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