HiEnergy Technologies Announces First Domestic Order of CarBomb Finder(TM) from U.S. Army - System to be Integrated in U.S. Army SmarTruck(TM)
IRVINE, Calif., Nov 03, 2005 /PRNewswire-FirstCall via COMTEX/ -- HiEnergy Technologies, Inc. (OTC Bulletin Board: HIET), the industry leader in neutron-based explosive diagnostic technology and creator of the world's first explosive diagnostic devices that can effectively decipher chemical formulas of unknown substances through metal or other barriers, almost instantly and without human intervention, announced that it has received its first domestic order for its CarBomb Finder(TM) from the U.S. Army.
"HiEnergy's CarBomb Finder(TM) opens up a new era in the war against terrorism: beginning the end of the advent of car bombs which have been indiscriminately murdering our brave Servicemen, our allies, and civilians," said Dr. Bogdan Maglich, HiEnergy's Chairman and CEO. "We are pleased that ICRC and TACOM will be testing our system. We believe this will affirm that Stoitech(TM) is an essential mission-critical tool for the U.S. Army, as well as first responders."
The order was received under a Time and Material Subcontract in the amount of $333,688 executed with Integrated Concepts & Research Corporation (ICRC) and awarded as part of Prime Contract Number DAAE07-02-C-L062 with the United States Army Tank -- Automotive and Armaments Command, Warren Michigan (TACOM). Under the Subcontract, HiEnergy is to deliver a CarBomb Finder(TM) head unit and provide the engineering and technical support necessary for its integration into the U.S. Army's SmarTruck(TM) platform. The finished prototype is expected to be field tested by the U.S. Army early 2006. HiEnergy has received payment in the amount of $222,716 for its performance to date.
"We continue to increase awareness of our ground-breaking Stoitech(TM) technology and the vital role our products can have in both homeland defense and military applications," added Dr. Maglich. "One cannot defeat 21st century terrorism with 19th century technologies, such as x-rays and metal detection, and its critical more than ever that first responders and our military be given the most effective, cutting-edge tools available."
Funding of the program was provided through a supplemental authorization of the Defense Appropriations Act for Fiscal Year 2005 which was secured through the Company's wholly-owned subsidiary, HiEnergy Defense, Inc. Congress had authorized $1 million to obtain "stoichiometric" explosive detection technology for the SmarTruck(TM) platform in the Defense Appropriations Act for Fiscal Year 2005, which was signed into law by President Bush on August 5, 2004.
HiEnergy is the creator of the world's first stoichiometric diagnostic devices that can effectively decipher chemical formulas of unknown substances through metal or other barriers, almost instantly and without human intervention. HiEnergy's products incorporate a proprietary interrogation process which activates a selected target with neutrons causing the contents to emit back gamma rays that contain unique signatures from which the chemical formulas are derived. HiEnergy believes its Stoitech(TM) technology compares with other detection technologies like color photography compares with black-and-white photography. HiEnergy's first commercial product, the SIEGMA(TM) 3E3, is unique in that it can detect and confirm whether an object or container carries a select group of dangerous or illicit substances, such as explosives, biological agents, or illicit drugs, with a probability of detection equal to approximately 97.75%, and "false negative" and "false positive" rates of nearly 2.25%. |
