AS&E, Inc. Receives Order for Two ZBV Mobile Screening Systems From the Kingdom of Lesotho

By GlobeNewswire,  May 15, 2014, 10:30:00 AM EDT


ZBV Systems Will Help Improve Border Security and Facilitate Trade for New Customer in Africa

BILLERICA, Mass., May 15, 2014 (GLOBE NEWSWIRE) -- American Science and Engineering, Inc. ("AS&E") (Nasdaq:ASEI), a leading worldwide supplier of innovative X-ray detection solutions, announced today the receipt of an order for two ZBV® mobile screening systems from a new international customer, the Kingdom of Lesotho. The ZBV systems will screen vehicles and cargo for threats and trade fraud on its border with South Africa to facilitate trade and counter smuggling.

The Lesotho Revenue Authority (LRA) has launched a Customs Modernization Program aimed at simplifying border procedures while speeding up the inspection process. The ZBV systems, with its safe and effective technology, ease-of-use, and high-throughput capability will greatly support this initiative.

"We are delighted to have the opportunity to support the LRA in its Customs Modernization Program and to help secure the Kingdom of Lesotho," said Chuck Dougherty, AS&E's president and CEO. "The ZBV system has been proven effective for anti-smuggling programs, with one customer recently reporting a 54% increase in tobacco seizuresi in a four month period. With the ZBV system's outstanding field reports, we continue to add new countries to our installed base in key geographic markets and expand our market penetration of Z Backscatter® technology in Africa."

LRA spokesperson Mr. Pheello Mphana says, "The LRA is pleased to acquire this advanced technology to support our modernization process. Following our detailed examination of non-intrusive inspection systems, the ZBV provides the optimum solution to deploy on our borders to facilitate trade by reducing inspection delays and the cost of compliance, improve border control and detect illicit cross-border movement."

ZBV: The Number One Selling Cargo and Vehicle Inspection System in the World

A breakthrough in X-ray inspection technology, the ZBV® system is the top-selling mobile cargo and vehicle screening system in the world. This highly mobile screening system allows for immediate deployment and rapid inspection to reveal explosives, drugs, currency, alcohol, cigarettes and other organic threats or contraband. With over 730 systems sold to date, AS&E's ZBV system is used by leading government agencies, border authorities, law enforcement, military organizations, and security agencies in more than 64 countries. Since its introduction in 2003, the ZBV system has consistently received the highest marks for quality, reliability, and performance with a proven record of detection results. Watch the ZBV video to see why it is the top selling cargo and vehicle system in the world.

About AS&E

American Science and Engineering, Inc. (AS&E) is the trusted global provider of threat and contraband detection solutions for ports, borders, military, critical infrastructure, law enforcement, and aviation. With over 50 years of experience, AS&E offers proven, advanced, X-ray inspection systems to combat terrorism, drug smuggling, illegal immigration and trade fraud. AS&E systems are designed in a variety of configurations for cargo and vehicle inspection, parcel inspection, and personnel screening. Using a combination of technologies, these systems provide superior detection capabilities, with high-energy, dual-energy, and Z Backscatter® X-rays. Learn more about AS&E products and technologies at www.as-e.com or follow us on Twitter (@ase_detects).

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.

i "'Medusa' eleva la incautación de tabaco un 54% en la frontera de Gibraltar," Ideal.es, 29 Apr. 2014. Web. 30 Apr. 2014.

CONTACT: Public Relations Contact:
         Dana HarrisRed Javelin Communications, Inc.
         978-440-8392
         dana@redjavelin.comLaura BermanAmerican Science and Engineering, Inc.
         978-262-8700
         lberman@as-e.com

Source: American Science and Engineering, Inc.

This article appears in: News Headlines

Referenced Stocks: ASEI


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