EXHIBIT 99.1
FOR IMMEDIATE RELEASE
American Science and Engineering, Inc. Names Don R. Kania, Ph.D.
to its Board of Directors
BILLERICA, Mass. — February 9, 2010 — American Science and Engineering, Inc. (AS&E®) (NASDAQ: ASEI), a leading worldwide supplier of innovative X-ray detection solutions, announced today the appointment of Don R. Kania, Ph.D. to its Board of Directors. Currently, Dr. Kania is President, Chief Executive Officer and Board member of FEI (NASDAQ: FEIC), a leading diversified scientific instruments company providing electron and ion-beam microscopes and tools for nanoscale applications across many industries.
“We are delighted to have Dr. Kania join AS&E’s Board of Directors and extend him our warmest welcome,” said Anthony Fabiano, AS&E’s President and CEO. “Dr. Kania brings a wealth of knowledge in technology and scientific research, as well as executive senior management experience for global companies. His expertise will provide us with valuable insights on our advanced research and development efforts to enhance and introduce new products as AS&E continues to grow as a world-class developer of X-ray detection systems.”
Don R. Kania, Ph.D., has served as President, CEO and a Board member at nanotechnology company FEI since August 2006. Previously, Dr. Kania had been President and COO of Veeco Instruments, Inc., a provider of metrology and process equipment used by manufacturers in the data storage, semiconductor and compound semiconductor/wireless industries. He also held positions as Vice President and CTO at Veeco. Prior to his positions at Veeco, Dr. Kania was a senior manager at Lawrence Livermore National Laboratory and Research Director at Crystallume, a thin film diamond company, and a researcher at the Department of Energy’s Los Alamos National Laboratory. Dr. Kania received his B.S., M.S. and Ph.D. degrees in physics and engineering from the University of Michigan.
About AS&E
American Science and Engineering, Inc. (AS&E) is the leading worldwide supplier of innovative X-ray inspection systems. With over 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), North Atlantic Treaty Organization (NATO), UK Border Agency (UKBA), Hong Kong Customs, and Abu Dhabi Customs. For more information on AS&E products and technologies, please visit www.as-e.com.
Public Relations Contact:
Dana Harris |
| Laura Berman |
Red Javelin Communications, Inc. |
| American Science and Engineering, Inc. |
978-440-8392 |
| 978-262-8700 |
dana@redjavelin.com |
| lberman@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, delays or cancellations (in full or in part) 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; limitations under certain laws on the Company’s ability to
protect its own intellectual property; 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; the potential insufficiency of Company resources, including human resources, capital, plant and equipment and management systems, to accommodate any future growth; technical problems and other delays that could impact new product development and the Company’s ability to adapt to changes in technology and customer requirements; competitive pressures; lengthy sales cycles both in United States government procurement and procurement abroad; 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. Readers are further advised to review the “Risk Factors” set forth in the Company’s Annual Report on Form 10-K, which further detail and supplement the factors described in this Safe Harbor Statement. Among other disclosures, the Risk Factors disclose risks pertaining to that portion of the Company’s business that is dependent on United States government contracting as well as international customers. As a contractor with the United States government, a significant number of the Company’s government contracts may be terminated at the government’s discretion.