PEABODY, Mass., Dec. 9, 2009 (GLOBE NEWSWIRE) — Analogic Corporation (Nasdaq:ALOG) announced today that it has signed an agreement with Smiths Detection to develop advanced imaging subsystems for use in a next-generation explosives detection system to be manufactured and marketed by Smiths. The agreement provides for Smiths Detection to fund the engineering development over a period of approximately two years.
The system is being designed to address emerging threat detection standards designed to save lives through improved aviation security, including new standards mandating that European airports scan all checked baggage using advanced threat detection systems. As a leader in advanced high-precision image processing technologies, Analogic is uniquely positioned to meet these evolving threat detection standards.
Jim Green, president and CEO, commented, “We are pleased to announce our new relationship with Smiths Detection, a recognized leader in the aviation security field. This agreement reflects our ability to provide next- generation technologies that address the evolving terrorist threats, enhancing security for air travelers worldwide.”
Analogic Corporation is a growth oriented high-technology signal and image-processing company, providing products and services to original equipment manufacturers (OEMs) and end users in growing medical diagnostics and security markets worldwide. The Company is recognized worldwide for advancing the state of the art in automatic explosives detection, computed tomography (CT), digital radiography (DR), ultrasound, magnetic resonance imaging (MRI), and advanced signal processing. For more information, visit www.analogic.com.
About Smiths Detection
Smiths Detection (www.smithsdetection.com) offers advanced security solutions in civil and military markets worldwide, developing and manufacturing government-regulated technology products that identify explosives, chemical and biological agents, weapons and contraband. It is part of Smiths Group (www.smiths.com), a global leader in applying advanced technologies to markets in threat as well as contraband detection, energy, medical devices, communications and engineered components. Smiths Group employs around 22,000 people in more than 50 countries.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no
obligation to update these forward-looking statements.
CONTACT: Analogic Corporation Mark Namaroff, Director of Strategic Marketing and Investor Relations (978) 326-4058 email@example.com
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