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adobe pdf icon Analogic Receives $7.6 Million Order from the TSA for Its COBRA Checkpoint Auto-EDS System

Analogic Receives $7.6 Million Order from the TSA for Its COBRA Checkpoint Auto-EDS System

Analogic Receives $7.6 Million Order from the TSA for Its COBRA Checkpoint Auto-EDS System

PEABODY, Mass., Oct 09, 2007 (BUSINESS WIRE) — Analogic Corporation (NASDAQ: ALOG) today announced that it has
received an order from the U.S. Transportation Security Administration
(TSA) for its innovative COBRA® Automatic Explosives and Weapons
Detection System for aircraft passenger checkpoints. The TSA will
initially purchase 12 COBRA units with installation and support
services from Analogic at a value of $7.6 million. This order is part
of a broader Indefinite Delivery Indefinite Quantity (IDIQ) contract
for up to 40 systems over two years and field support services over
five years at a combined potential value of $37.5 million, with a
potential additional $40 million for further engineering services over
five years for a combined maximum potential contract value of $77.5
million.

Originally conceived and designed independently by the Company,
the COBRA was enhanced under a TSA contract as part of its program to
develop Automatic Explosives Detection (Auto-EDS) Systems for the
checkpoint. Scanning up to 550 bags or bins per hour, the COBRA
provides high-resolution, 3-D images of the contents of a bag or bin,
which then can be rotated on-screen with the touch of a finger for
improved on-screen threat-image evaluation by the operator. The
computed-tomography-based system can automatically detect explosives
and weapons, and can highlight them for closer inspection along with
other potential threats found by inspecting the 3-D images. The COBRA
includes an automatic Bin Return System (BRS) that saves additional
time and labor by returning empty bins beneath the system on a
motorized conveyor to the front of the passenger security checkpoint.

Jim Green, President and CEO of Analogic, noted, “We are very
pleased to announce our first production order for the COBRA. At the
end of July, our first prototype COBRA unit was installed at Cleveland
Hopkins International Airport in Ohio, the first Checkpoint Auto-EDS
to be piloted at a U.S. airport. The COBRA has been very well received
by passengers and by checkpoint inspectors. The installation of these
additional systems at airport checkpoints across the U.S. will provide
the opportunity to demonstrate the capabilities and benefits of what
we believe to be the most sophisticated and efficient tool available
today to detect explosives and weapons at the checkpoint.

The COBRA is designed to support aviation, surface transportation,
and other checkpoint portals more efficiently than conventional
equipment, reducing operating and life-cycle costs while increasing
throughput and threat-detection capabilities of the entire checkpoint.

Analogic Corporation is a leading designer and manufacturer of
advanced health and security systems and subsystems. 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), Patient
Monitoring, and Advanced Signal Processing.

Forward-Looking Statements

Any statements in this press release about future expectations,
plans, and prospects for the Company, including statements about
orders for the Company’s products, statements about shipments and
installation of the Company’s products, and other statements
containing the words “believes,” “anticipates,” “plans,” “expects,”
and similar expressions, constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those indicated by such
forward-looking statements as a result of various important factors,
including risks relating to technology development and
commercialization, risks in product development, limited demand for
the Company’s products, risks associated with competition,
uncertainties associated with regulatory agency approvals, competitive
pricing pressures, downturns in the economy, the risk of potential
intellectual property litigation, and other factors discussed in our
most recent quarterly report filed with the Securities and Exchange
Commission. In addition, the forward-looking statements included in
this press release represent the Company’s views as of October 9, 2007
The Company anticipates that subsequent events and developments will
cause the Company’s views to change. However, while the Company may
elect to update these forward-looking statements at some point in the
future, the Company specifically disclaims any obligation to do so.
These forward-looking statements should not be relied upon as
representing the Company’s views as of any date subsequent to October
9, 2007.

SOURCE: Analogic Corporation

CONTACTS: Analogic Corporation
Jim Green, 978-326-4000
President & CEO
or
Paul M. Roberts, 978-326-4213
Director of Communications
proberts@analogic.com