AS&E Receives Up to $15.5 M Service and Maintenance Contract

The first phase of the contract is funded at $7.6 million

(Billerica, Mass., July 28, 2008) -- American Science and Engineering, Inc. (AS&E(r)) (NASDAQ: ASEI), a leader in X-ray detection technology, announced today the receipt of a $15.5 million two-phased service renewal contract from the U.S. government for $15.5 million to support their fleet of Z Backscatter Vans(tm) (ZBV(tm)) and parcel X-ray inspection systems. The contract includes service, support, spare parts, and labor warranty for Z Backscatter Vans and parcel systems located in high-risk areas. The first phase of the contract is funded at $7.6 million.

"Providing peak performance for our X-ray inspection systems in the field is one of our highest priorities," said Anthony Fabiano, President and CEO. "In our fourth year of maintaining ZBVs overseas for the U.S. government, we continue to receive very positive reports on the quality of our field service operations and the ZBV's effectiveness in harsh terrain. This service contract ensures that their ZBVs and parcel systems will continue operating at the highest level of performance for critical missions abroad."

Source : American Science and Engineering Inc.

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