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Technology Stocks : Barringer technology (barr)

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To: shakeel vaid who started this subject10/25/2000 9:49:58 AM
From: samoyed   of 652
 
Barringer Technologies Inc. Receives First Order for Its New
10/25/00 5:10:00 AM
Source: Business Wire
Sentinel Walk-through Portal -- Also Receives Significant Order for Sabre 2000

WARREN N.J.--(BUSINESS WIRE)--Oct. 25, 2000--Barringer Technologies Inc. (Nasdaq: BARR), the world's leading provider of trace drug and explosive detection equipment, today announced the first order for its Sentinel walk-through portal system, as well as significant orders for its hand-held Sabre 2000(R). The combined value of these orders is approximately $900,000.

Kenneth Wood, President of Barringer Technologies commented, "We are extremely pleased to announce our first order for our new Sentinel walk-through portal system, which was launched only a few weeks ago. I am also proud to note that the Sentinel received the Award for Excellence at the International Aviation Transport Association (IATA) Aviation Security conference held in Miami, Florida last week. This award is given to the Company that has demonstrated new, innovative products that are expected to contribute to security within the aviation industry. Representatives from over 50 countries attended the IATA conference and were able to see, first hand, the unique attributes of the Sentinel. We remain optimistic about the prospects for the Sentinel, as more and more potential customers are exposed to its advanced and unique trace detection capabilities."

Mr. Wood concluded, "We also received a significant order for our Sabre 2000(R), hand-held trace detection unit. These units will be used for border patrol in Eastern Europe. Our Sabre 2000(R) has met with terrific success in the market and we expect it to add significant incremental revenue."

Headquartered in Warren, New Jersey, Barringer Technologies Inc. is the dominant provider of trace detection equipment for drug, explosive, and chemical detection for security and industrial applications. The Sabre 2000(R) and the IONSCAN(R) are the Company's proprietary trace particle drug and explosive detection units.
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