AS&E Receives Multi-Phased Service and Maintenance Renewal Contract Valued Up To $46.2M(BILLERICA, Mass., Sep 05, 2006) -- American Science and Engineering, Inc. (NASDAQ: ASEI) (AS&E(R)), a leader in X-ray detection technology, announced today the receipt of a $46.2 million multi-phased service renewal contract from the U.S. Government to provide service and maintenance for Z(R) Backscatter Van(TM) (ZBV) X-ray Inspection Systems. The first phase of the contract is funded at $11 million. The contract provides the U.S. Government the option to exercise the remaining phases which would extend the contract to May 2009.
"This valued client rates our Field Service and Support Group at the highest levels for overall customer satisfaction," said Anthony Fabiano, President and CEO. "This substantial service renewal contract for their fleet of ZBVs is a testament to the first-class service provided by our Field Service Engineers. We continue to see an increased level of service renewals across the board -- driven by our expanding installed base and overall customer satisfaction with AS&E's products and services."
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A breakthrough in X-ray detection technology, AS&E's Z Backscatter Van is a low-cost, highly mobile screening system built into a commercially available delivery van. The ZBV allows for immediate deployment in response to security threats, and its high throughput capability facilitates rapid inspections. The system's unique "drive-by" capability allows one or two operators to conduct X-ray imaging while the ZBV drives past suspect vehicles and objects.
AS&E's highly skilled Field Service Engineers (FSE) provide support services worldwide. Each FSE, with a technical degree in electrical and mechanical engineering or equivalent experience, is trained in the operation and repair of electronics, hydraulics, pneumatics, mechanics, electrical systems, and computers. Available 7 days a week, 24 hours a day, FSEs are located at AS&E offices in Asia, Europe, the Middle East, and North America.
Source : American Science and Engineering, Inc.