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Technology Stocks : Barringer technology (barr) -- Ignore unavailable to you. Want to Upgrade?

To: Savant who wrote (626)	7/12/2000 8:39:38 AM
From: Carole	Read Replies (1) \| Respond to of 652

This is great news. Wednesday July 12, 7:17 am Eastern Time Company Press Release Barringer Technologies Inc. Receives Final FAA Approval for Automated Baggage Trace Detection System WARREN, NJ--(BUSINESS WIRE)--July 12, 2000--Barringer Technologies Inc. (Nasdaq: BARR - news), announced today that the Federal Aviation Administration has funded the final phase of its grant to Barringer to develop, build and test an automated trace-based baggage detection system. The value of the grant is approximately $525,000, and completion is expected in the first quarter of 2001. Kenneth S. Wood, President of Barringer Technologies commented, ``The first two phases of this multi-year development program required the conceptual development and detailed design of an automated baggage detector, using our core IONSCAN® technology and novel sample collection and preconcentration techniques licensed from Sandia National Labs. We are pleased to announce the FAA has granted authorization to proceed with the final phase, which calls for the building and testing of a prototype unit. Our automated baggage trace detection system will be capable of processing up to 720 bags per hour, which meets checked baggage screening operational requirements. We expect that the system will be commercially available by the end of the first quarter of 2001 and will sell for approximately $250,000.'' Headquartered in Warren, New Jersey, Barringer Technologies Inc. is principally engaged in developing, manufacturing, and marketing of high technology products for drug, explosive and chemical detection and other security and industrial applications. The Sabre 2000® and the IONSCAN® are the Company's proprietary trace particle drug and explosive detection units.