06.03.2008 12:00:00
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Analogic & L-3 Expand Relationship to Include Two New Analogic Checked Baggage Screening Systems
Jim Green, President and Chief Executive Officer of Analogic Corporation
(NASDAQ: ALOG), announced today that Analogic and L-3 Communications
(NYSE: LLL) have concluded an agreement awarding L-3 exclusive,
worldwide rights to market and service Analogic’s
new KING COBRA® and XLB™1100
security imaging systems for air carrier checked baggage applications.
Green said, "This agreement is an important
step forward for both companies. L-3 has had exclusive rights to market
and service Analogic’s EXACT™
(EXplosive Assessment Computed Tomography) system in air carrier checked
baggage applications. The EXACT, able to image the contents of a bag in
3-D and automatically detect explosives, is the heart of L-3’s
eXaminer 3DX® 6000 U.S. government-certified
Explosives Detection System (EDS). The eXaminer 3DX is widely recognized
as the leading EDS technology in the market with over 800 systems
installed in North America, Europe, and Asia. The present agreement
greatly expands and strengthens our relationship to further improve
aviation security and will have important benefits as the European Union
implements CT-based EDS systems over the coming years.”
Tom Ripp, President of L-3’s Security and
Detection Systems Division, added, "L-3 and
Analogic have been working together successfully to make air travel
safer for more than ten years. With this agreement, L-3 is now able to
provide its customers with the broadest selection of advanced technology
products available — the eXaminer 3DX, KING
COBRA, and XLB1100 systems.”
The KING COBRA system provides the most advanced technology to meet the
requirements of small and medium-sized airports. Historically, these
airports have relied on costly, labor-intensive Explosives Trace
Detection (ETD) technology or hand searches to screen a comparatively
low number of bags per hour. The KING COBRA, with real-time 3-D imaging
and automatic explosives detection, can scan up to 300 bags per hour as
a standalone system, or 400 bags when integrated into an automatic
baggage handling system.
The XLB1100 EDS, an advanced inline baggage screening system, addresses
the rapidly growing needs of large, heavy-traffic airports that expect
to see significant increases in passenger traffic as new, larger
airplanes are introduced. Extending the limits of CT technology, the XLB
(eXtra Large Bore) scans up to 1,100 bags per hour in a very-high-speed,
inline EDS network, with real-time 3-D imaging and a reduced
false-positive rate. The XLB is the first commercial application of
Analogic’s revolutionary, patent pending
PowerLink™ non-contact power system, which
reduces downtime and maintenance costs for CT systems.
Both the KING COBRA and the XLB1100 are in the certification process
required for EDS systems by the U.S. Transportation Security
Administration (TSA). Analogic expects both systems to be certified
before the end of summer 2008, following which the TSA would initiate
field testing.
Peter Cempellin, Vice President and General Manager of Analogic’s
Security Systems Division, added, "Analogic’s
reputation as the technology leader in the aviation security industry
will be enhanced as these new systems complete testing and come to
market. With L-3’s large customer base and a
worldwide sales and service organization, the two companies working
together will be able to provide complete solutions to meet the unique
checked baggage needs of small to large airports around the world.”
Analogic Corporation is a leading designer and manufacturer of advanced
health and security systems and subsystems sold primarily to Original
Equipment Manufacturers (OEMs). 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. For more information, visit www.analogic.com.
Forward-Looking Statements Any statements in this press release about future expectations,
plans, and prospects for Analogic Corporation (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 March 6, 2008. 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 March 6, 2008.
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