American Science and Engineering (AS & E)2010-04-29 11:42:22
American Science and Engineering, Inc. Receives U.S. Government Award Valued at $48.8 Million for ZBV Military Trailers
AS&E Receives First Order for $34 Million; U.S. Government has an Option to Procure $14.8 Million in Additional Units
American Science and Engineering, Inc. (AS&E) (NASDAQ: ASEI), a leading worldwide supplier of innovative X-ray detection solutions, announced today the receipt of a $48.8 million U.S. government award for a significant quantity of ZBV Military Trailers (ZBV Mil Trailers). AS&E has received the first ZBV Mil Trailer order for $34 million and under the award the U.S. government has an option to procure up to $14.8 million in additional units. The ZBV Mil Trailer is a ruggedized version of the Company's patented, top-selling Z Backscatter Van (ZBV) system and is ideal for screening vehicles for car and truck bombs. The easily relocatable ZBV Mil Trailer will be deployed by the U.S. government for counterterrorism missions in harsh environments.
"This sizable order follows the successful deployment of a significant number of ZBV Mil Trailers in support of the U.S. government's counterterrorism operations," said Anthony Fabiano, President and CEO. "With very high customer satisfaction ratings for quality and reliability, the ZBV Mil Trailer has a record of outstanding performance in harsh field environments, a clear testament of the system's capability to meet the U.S. government's rigorous force protection and explosives detection requirements."
About ZBV Military Trailer
AS&E's ZBV Mil Trailer is a rugged X-ray screening system built onto a standard military trailer. With one-sided, Z Backscatter imaging, security officials can use the ZBV Mil Trailer for screening vehicles, containers, and other cargo for terrorist threats and contraband - simply by towing the trailer past the subjects, or by remaining stationary while vehicles drive past the trailer. The ZBV Mil Trailer employs AS&E's patented Z Backscatter technology, which produces photo-like images of the contents of a container or vehicle, highlighting organic materials such as explosives and other high-risk materials.
AS&E Receives First Order for $34 Million; U.S. Government has an Option to Procure $14.8 Million in Additional Units
American Science and Engineering, Inc. (AS&E) (NASDAQ: ASEI), a leading worldwide supplier of innovative X-ray detection solutions, announced today the receipt of a $48.8 million U.S. government award for a significant quantity of ZBV Military Trailers (ZBV Mil Trailers). AS&E has received the first ZBV Mil Trailer order for $34 million and under the award the U.S. government has an option to procure up to $14.8 million in additional units. The ZBV Mil Trailer is a ruggedized version of the Company's patented, top-selling Z Backscatter Van (ZBV) system and is ideal for screening vehicles for car and truck bombs. The easily relocatable ZBV Mil Trailer will be deployed by the U.S. government for counterterrorism missions in harsh environments.
"This sizable order follows the successful deployment of a significant number of ZBV Mil Trailers in support of the U.S. government's counterterrorism operations," said Anthony Fabiano, President and CEO. "With very high customer satisfaction ratings for quality and reliability, the ZBV Mil Trailer has a record of outstanding performance in harsh field environments, a clear testament of the system's capability to meet the U.S. government's rigorous force protection and explosives detection requirements."
About ZBV Military Trailer
AS&E's ZBV Mil Trailer is a rugged X-ray screening system built onto a standard military trailer. With one-sided, Z Backscatter imaging, security officials can use the ZBV Mil Trailer for screening vehicles, containers, and other cargo for terrorist threats and contraband - simply by towing the trailer past the subjects, or by remaining stationary while vehicles drive past the trailer. The ZBV Mil Trailer employs AS&E's patented Z Backscatter technology, which produces photo-like images of the contents of a container or vehicle, highlighting organic materials such as explosives and other high-risk materials.
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