AS&E Receives $14.3 M for ZBVs from the US Government

The Order Exercises Option Year Two of a Multi-Year Contract Valued Up to $46.2 Million

(Billerica, Mass., April 29, 2008) -- American Science and Engineering, Inc. (NASDAQ: ASEI) (AS&E(r)), a leader in X-ray detection technology, announced today the receipt of a $14.3 million order from the U.S. Government for service, support, and spare parts for Z Backscatter Vans (ZBV). AS&E was awarded the initial Base year of the contract in September of 2006 valued at $11.0 million and was awarded Option year one of the contract in March 2007, valued at $17.5 million. This latest award brings the total funded amount to $42.8 million with a potential value of up to $46.2 million.

"With this latest award, the U.S. Government will continue to receive the highest quality technical support for their ZBVs operating in the field," said Anthony Fabiano, President and CEO. "AS&E's Field Service organization consistently receives the highest customer ratings for quality and reliability and this service and maintenance contract ensures that the ZBVs will continue to operate at peak performance for the U.S. Government's critical counterterrorism missions."

Source : American Science and Engineering Inc.

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