American Science and Engineering, Inc. (NASDAQ: ASEI) (AS&E®), a leader in X-ray detection technology, announced today that the Company has been named to The Boston Globe’s “Globe 100” list of top performing public companies in Massachusetts.
Based on a composite score derived from financial data for the four quarters ending December 31, 2007, AS&E was ranked 70th among Massachusetts-based companies whose stock is publicly traded on NASDAQ, New York Stock Exchange, or American Stock Exchange.
“We are very pleased to receive this honor from the Boston Globe for the third year in a row,” said Anthony R. Fabiano, President and CEO of AS&E. “It is an honor to be recognized once again among all the distinguished publicly-held companies in Massachusetts as one of its highest achievers. In the past fiscal year we proved that we could profitably diversify our business by reaching out to new global markets with our unique and proprietary products and technology.”
To qualify for the Globe 100, a company must have been public for the entire 2007 calendar year and have reported a positive net income for both 2006 and 2007. The Globe 100, celebrating its 20th anniversary in 2008, ranks Massachusetts-based public companies based on financial data from the four quarters ending closest to December 31, 2007, and for corresponding quarters a year earlier. To view the 2008 Globe 100, click here: http://www.boston.com/business/globe/globe100/.
“These companies represent the resiliency of Massachusetts business, surviving recessions, merger manias, and dramatics shifts in their industries," said Shirley Leung, business editor of the Boston Globe.
About The Boston Globe
The Boston Globe is wholly owned by The New York Times Company (NYSE: NYT), which is a leading media company with 2007 revenues of $3.2 billion, and includes The New York Times, the International Herald Tribune, The Boston Globe, 16 other daily newspapers, WQXR-FM and more than 50 Web sites, including NYTimes.com, Boston.com and About.com. The Company’s core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.
About AS&E®
American Science and Engineering, Inc. (AS&E) is the leading worldwide supplier of innovative X-ray inspection systems. With 50 years of experience in developing advanced X-ray security systems, the Company’s product line utilizes a combination of technologies, including patented Z Backscatter technology, Radioactive Threat Detection (RTD), high energy transmission and dual energy transmission X-ray. These technologies offer superior X-ray threat detection for plastic explosives, plastic weapons, liquid explosives, dirty bombs and nuclear devices. AS&E’s complete range of products include cargo inspection systems for port and border security, baggage screening systems for facility and aviation security, and personnel and passenger screening systems. AS&E systems protect high-threat facilities and help combat terrorism and trade fraud, drug smuggling, weapon smuggling, and illegal immigration and people smuggling. AS&E customers include leading government agencies, border authorities, military bases, airports and corporations worldwide, including the U.S. Department of Homeland Security (DHS), U.S. Department of Defense (DoD), U.S. Customs and Border Protection (CBP), Royal Thai Police, HM Revenue & Customs (U.K.) and Hong Kong Customs. For more information on AS&E products and technologies, please visit www.as-e.com.
Safe Harbor Statement. The foregoing press release contains statements concerning AS&E's financial performance, markets and business operations that may be considered “forward-looking” under applicable securities laws. AS&E wishes to caution readers of this press release that actual results might differ materially from those projected in any forward-looking statements. Factors which might cause actual results to differ materially from those projected in the forward-looking statements contained herein include the following: significant reductions or delays in procurements of the Company's systems by the United States and other governments; disruption in the supply of any source component incorporated into AS&E's products; litigation seeking to restrict the use of intellectual property used by the Company; potential product liability claims against the Company; global political trends and events which affect public perception of the threat presented by drugs, explosives and other contraband; global economic developments and the ability of governments and private organizations to fund purchases of the Company's products to address such threats; and the potential insufficiency of Company resources, including human resources, capital, plant and equipment and management systems, to accommodate any future growth, and future delays in federal funding. These and certain other factors which might cause actual results to differ materially from those projected are detailed from time to time in AS&E’s periodic reports and registration statements filed with the Securities and Exchange Commission, which important factors are incorporated herein by reference. AS&E undertakes no obligation to update forward looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes in future operating results, financial condition or business over time.
Contacts:
Dana Harris, 978-440-8392
dana@redjavelin.com
or
American
Science and Engineering, Inc.
Laura Berman, 978-262-8713
lberman@as-e.com
