|
Category: Investment, Homeland Defense
Homeland Security Stocks News - Analogic (Nasdaq:ALOG) Corporation Receives $10 Million Order for Its Explosives Detection Systems
PEABODY, Mass. - January 8, 2010 - Analogic Corporation (Nasdaq:ALOG), a leading provider of medical imaging and aviation security technology, announced today that it has received an order from L-3 Communications Security and Detection Systems, Inc., for EXplosive Assessment Computed Tomography (EXACT(R)) systems valued at approximately $10 million. The certified eXaminer(R) 3DX Explosives Detection System (EDS), developed in collaboration between Analogic and L-3, incorporates the EXACT subsystem. This new order is expected to start shipping in the second quarter of fiscal 2010.
Peter Cempellin, vice president and general manager of Analogic's Security Systems Division, said, "This new order is indicative of the enduring value the eXaminer 3DX has in the marketplace and the role it plays in helping to protect the air traveling public. Analogic and L-3 remain committed to providing the most advanced CT-based threat detection available. Our technology addresses the critical needs of aviation security which, as we saw in recent events, are always evolving."
More than 900 eXaminer 3DX systems are installed in airports around the world screening checked baggage. The system features advanced, multi-slice CT imaging technology and provides full 3-D images of all the contents of a bag, enabling automatic detection of explosives. Analogic and L-3 also provide the government-certified eXaminer SX and eXaminer XLB systems, which use the same CT-based technology to address various throughput needs of smaller and very large airports.
Analogic Corporation is a growth oriented high-technology signal- and image-processing company, providing products and services to original equipment manufacturers (OEMs) and end users in growing medical diagnostics and security markets worldwide. The Company is recognized worldwide for advancing the state of the art in automatic explosives detection, computed tomography (CT), digital radiography (DR), ultrasound, magnetic resonance imaging (MRI), and advanced signal processing. For more information, visit www.analogic.com.
Contact:
Analogic Corporation
Mark Namaroff, Director of Strategic Marketing and Investor Relations
(978) 326-4058
Investorrelations@analogic.com
News at the Investor Ideas Newswire: http://www.investorideas.com/RSS/feeds/IIMAIN.xml
Sign up for free newsletter, stock and sector news alerts at Investorideas.com
click here: http://www.investorideas.com/Resources/Newsletter.asp
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
|
