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To: Fudd who wrote (4748)3/7/2001 10:39:54 AM
From: Bucky Katt  Read Replies (3) | Respond to of 48461
 
Fudd, could that be why we usually make good gains here? A nice release today. Some highlights, on top of the new contracts>
- EDS. InVision's CTX systems account for more than 95% of the
certified systems installed worldwide. InVision is continuing
to expand its family of CTX systems with the development of
the ARGUS low cost CTX platform. In addition, the Company is
well positioned to increase its presence in Europe as the ECAC
2002 deadline for implementation of 100% hold baggage
screening approaches. In the Middle East the Company is
serving its most demanding customers, the state of Israel and
El Al Airlines.

-- Landmine detection technology. Our subsidiary, Quantum
Magnetics, possesses what is considered to be the most
promising landmine detection technology. Quantum has multiyear
contracts from the U.S. Army, to develop vehicle-mounted mine
detection systems, and the Office of Naval Research, to
develop a backpack-mounted system for use by the U.S. Marine
Corps utilizing its patented quadrupole resonance (QR)
technology.

-- QR-based aviation security. The landmine detection program is
synergistic with Quantum's efforts in aviation security. Prime
examples include Quantum's new explosives detection devices, a
hand-held wand and a prototype walk-through portal to screen
airline passengers for explosives.

-- Chemical and biological warfare. With support from the
Chemical and Biological Defense Program of the U.S. Department
of Defense, Quantum has recently demonstrated quadrupole
resonance detection of a principal component of anthrax
spores. Anthrax spores represent a major biological warfare
threat.

-- Concealed weapons detection. In 2000, Quantum engineered its
passive and non-intrusive magnetic concealed weapons detection
portal hardware into a manufacturable product, and as an OEM
supplier, has shipped a small number of units. This technology
combines high detection probability with a low rate of false
alarms, which makes it attractive for screening large numbers
of people at entrances to both secure facilities and public
buildings.

Even a blind school administrator could see the future in this, in combination with some of their other detection things. The day is not long off.

-- Process control instrumentation. In 2000, Quantum received a
major contract from the U.S. Department of Energy to develop
its magnetic resonance technology to improve energy efficiency
in process control applications. Quantum is focusing on
developing systems to accurately determine the moisture
content of processed materials, including lumber and wood
products, paper pulp, food products, and fuels such as coal.

-- Inovec. Inovec remains an industry leader supplying advanced
optimization equipment for increasing the yield of the forest
products industry. Inovec recently received over $2 million of
new orders for its laser based optimization and scanning
systems for the lumber industry.

-- WoodVision. InVision continues to focus on the planted wood
market segment, which is the only segment forecasted to have a
steady growth over the next decade. This particular
application of the WoodVision technology offers significant
advantages including earlier entry to market and a lower
degree of integration with other sawmill equipment. In
addition, we discovered synergies between the moisture sensors
at Quantum and the WoodVision effort that could lead to an
array of new instruments to measure the water content of wood,
a primary interest in the wood industry.

InVision Technologies develops, manufactures, markets and supports explosive detection systems based on advanced Computed Tomography (CT) technology for civil aviation security. Today, over 200 FAA-certified CTX systems have been shipped worldwide to provide the traveling public with the best security against terrorism available. The company also develops, manufactures, markets and supports CT-based systems for other applications, including wood scanning and drug detection. InVision's wholly owned subsidiary, Quantum Magnetics, develops and commercializes patented and proprietary technologies. These include, but are not limited to, Quadrupole Resonance (QR) patents licensed from the Naval Research Laboratory, that are based on state-of-the-art, low-cost version of magnetic resonance adapted for explosive detection. InVision's wholly-owned subsidiary, Inovec, develops, manufactures, markets and supports scanning, optimization and control systems for the forest products industry. Today, over 600 systems have been installed in mills worldwide to produce more lumber from each log and to control product quality. Additional information about InVision can be obtained on the company's web site at invision-tech.com.