DHS Taps American Science and Engineering to Develop Containerized Cargo Inspection System for Detection of Nuclear Threats

BILLERICA, Mass.--(BUSINESS WIRE)--Sept. 13, 2006-- AS&E Receives ID/IQ Contract for CAARS Program Development Phase Valued at $28.8 Million; Total Contract Potential up to $450 Million American Science and Engineering, Inc. (NASDAQ...


About Passport Systems, Inc.

Passport Systems, Inc., founded in 2002 and located in Acton, Massachusetts, is developing next generation scanner solutions to protect the nation's air and seaports, border crossings and key points in the supply chain, by rapidly, non-intrusively and accurately inspecting cargo without impeding the flow of commerce.

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.

CONTACT: Red Javelin Communications, Inc. Dana Harris, 978-440-8392 dana@redjavelin.com or American Science and Engineering, Inc. Laura Berman, 978-262-8700 lberman@as-e.com KEYWORD: MASSACHUSETTSINDUSTRY KEYWORD: HARDWARE LEGAL/LAW AEROSPACE/DEFENSE GOVERNMENT AIRLINES TRANSPORTATIONSOURCE: American Science and Engineering

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