ASE--American Science & Engineering --worldwide Safety Message Board

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Technology Stocks : ASE--American Science & Engineering --worldwide Safety

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To: Starlight who wrote (24)	3/13/1997 2:56:00 PM
From: Starlight	of 100

News today: BW1019 MAR 13,1997 4:11 PACIFIC 7:11 EASTERN ( BW)(AMER-SCIENCE-&-ENGIN)(ASE) American Science and Engineering announces $8.5 million sale of CargoSearch Systems to U.S. Customs Business Editors BILLERICA, Mass.--(BUSINESS WIRE)--March 13, 1997--American Science and Engineering, Inc. (AMEX:ASE) today announced the receipt of orders from U.S. Customs for the installation of four of its CargoSearch(TM) systems along the southwestern border of the United States. The value of the contract to AS&E is over $8.5 million. Delivery and installation of the four units in Arizona and Texas is expected to take place over the next 24 months and is in addition to the four units previously ordered by U.S. Customs. CargoSearch(TM) is AS&E's proprietary X-ray inspection system for vehicles and cargo. Ralph Sheridan, AS&E's President and Chief Executive Officer, said: "We are pleased to announce this order, which validates our belief that CargoSearch(TM) is the right product to meet the needs of government officials charged with the responsibility of securing borders and interdicting contraband. Our system has been proven to be safe and effective and we are pleased to be an important contributor to the government's ongoing battle against drugs entering this country. "We continue to believe that cargo and vehicle inspection is a market of great potential in this country and elsewhere. Our family of products, including CargoSearch(TM), MobileSearch(TM) and PalletSearch(TM), all of which incorporate our proprietary Z(R) Backscatter technology, provides customers with the tools they need to protect borders, seaports, air cargo facilities and high risk government installations." The CargoSearch(TM) technology was developed for U.S. Customs with funding provided by the Defense Advanced Research Projects Agency (DARPA) of the Department of Defense as part of the technology development program for Operation Hard Line, the federal government's program to aggressively combat the illegal transport of drugs into

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