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To: Doug Robinson who wrote (65368)	3/31/1999 9:46:00 AM
From: jopawa	Read Replies (2) \| Respond to of 119973

INVN news, FAA is buying bigtime: Wednesday March 31, 6:30 am Eastern Time Company Press Release InVision Technologies Receives $18.9 Million FAA Contract for 21 CTX 5500 DS Explosive Detection Systems NEWARK, Calif.--(BUSINESS WIRE)--March 31, 1999--InVision Technologies, Inc. (Nasdaq:INVN - news) today announced that the Federal Aviation Administration (FAA) has purchased 21 of the company's CTX 5500 DS explosive detection systems (EDS) for a total contract price of $18.9 million. This order represents the first purchase of EDS made by the FAA using funds allocated to improve aviation security as part of the federal government's fiscal 1999 budget. InVision has begun shipping the CTX systems to major domestic airports and will book these shipments as revenue for the first quarter of 1999. The company expects to complete shipments of all 21 systems by Sept. 30, 1999, the end of the federal government's fiscal year. ''We are extremely pleased that the FAA has decided to spend a significant portion of its 1999 EDS budget on the purchase of our CTX 5500 DS systems,'' said Sergio Magistri, president and chief executive officer of InVision Technologies. ''Including this new order, the FAA has purchased a total of 90 InVision CTX 5000 series systems over a period of four years, demonstrating that agency's continued satisfaction with InVision's EDS technology and confirming the federal government's ongoing dedication to improving aviation security. This new order further strengthens InVision's role as the industry's leading provider of certified EDS.'' InVision Technologies develops, manufactures, markets and supports explosive detection systems for civil aviation security and drug detection applications, based on advanced computed tomography (CT) technology. Today, more than 140 FAA-certified CTX 5000 series systems are deployed worldwide to provide the traveling public with the best security against terrorism available. InVision's wholly owned subsidiary, Quantum Magnetics, develops and commercializes patented and proprietary technologies, including key quadrupole resonance (QR) patents licensed from the Naval Research Laboratory, that are based on a state-of-the-art, low-cost version of magnetic resonance adapted for explosive detection. InVision Technologies is based in Newark. Additional information about the company can be obtained on the World Wide Web at: invision-tech.com. Except for the historical information contained herein, this news release may contain forward looking statements. These statements involve risks and uncertainties including risks inherent to doing business with public agencies, which are subject to legislative budgeting and other limitations, including with respect to its largest customer, the U.S. government, the risk that a substantial portion of the funds recently appropriated by Congress to purchase EDS equipment will not be used to purchase the company's products; risks inherent to the development and production of new products and new applications and the certification of certain of these products; risks inherent with the acceptance and pricing of new products; and other risks detailed from time to time in the company's SEC reports, including the most recent reports on Forms 10-Q and 10-K. -------------------------------------------------------------------------------- Contact: InVision Technologies, Inc. Linda Snyder, 510/739-2511 or Morgen-Walke Associates John Swenson/Elizabeth Snowdon, 415/296-7383 (Investors) Sheryl Seapy/Amanda Christensen, 415/296-7383 (Media)