IRVINE, Calif., Aug. 8, 2006 (PRIMEZONE) -- HiEnergy Technologies, Inc. (OTCBB:HIET), the homeland security industry leader in neutron-based diagnostic technology, announced today that it has received $200,000 from the Commonwealth of Pennsylvania as payment for a multi-year extension of maintenance, service and support to be provided to Southeastern Pennsylvania Transportation Authority (SEPTA), the nation's fifth largest public transportation system, and the largest multi-modal transit authority in the United States.
Payment was made in connection with a purchase order issued under Equipment Sales Agreement (Contract No. 19107) for services to be provided by HiEnergy Technologies under its Equipment Technical Assistance Program over a four-year period in connection with two SIEGMA(tm) systems purchased by SEPTA. The Equipment Technical Assistance Program is an integrated suite of services offered by HiEnergy Technologies to purchasers of its ground-breaking explosive detection products, including the SIEGMA(tm), CarBomb Finder(tm) and STARRAY(tm) systems. The program encompasses hands-on equipment training, local equipment support, including calibration, maintenance and servicing, and radiation safety certification and licensing.
"We are pleased that such an important and valued leader in the transit industry has selected us as a partner over the life-span of our products in their ever-important fight against terrorism," stated Roger Spillmann, President and CEO of HiEnergy Technologies. "Our Equipment Technical Assistance Program offers customers such as SEPTA unparalleled support so that they can fully exploit our ground-breaking technology and focus on more critical tasks like protecting their riders and ensuring efficient operation of their transit systems."
Southeastern Pennsylvania Transportation Authority (SEPTA) serves approximately 1 million people per day in the greater Philadelphia region, which includes Bucks, Chester, Delaware, and Montgomery Counties, and select rail services in the neighboring states of New Jersey and Delaware. SEPTA maintains and operates a vast network of fixed-route services including bus, subway/elevated, trackless trolley, light rail, and commuter rail operations from over 280 stations within a service area of over 2,200 square miles.
The SIEGMA(tm) system is a portable suitcase-borne explosives detection and confirmation system, incorporating HiEnergy's proprietary and industry leading Atometry(tm) technology. Unlike x-ray and other conventional detection methods which make guess work out of critical security, HiEnergy's Atometry(tm) technology is unique in its ability to detect and confirm whether an object or container carries explosives, with a probability of detection equal to 97.75%, and "false negative" and "false positive" rates of 2.25%. The SIEGMA(tm) system is well-suited for the interrogation and detection of terrorist-made bombs, or Improvised Explosive Devices (IEDs), as well as addressing the significant problems posed by unattended or suspicious bags or packages that otherwise paralyze subway systems, train stations, airports and buildings and are responsible for huge financial losses.
About HiEnergy Technologies, Inc. (www.hienergyinc.com)
HiEnergy Technologies, Inc. is the creator of the world's first "stoichiometric" diagnostic devices that can effectively decipher chemical composition of unknown substances through metal or other barriers, almost instantly and without human intervention. HiEnergy's Atometer(tm) devices incorporate a proprietary interrogation process which activates a selected target with neutrons causing the contents to emit back gamma rays that contain unique signatures from which the chemical formulas are derived. HiEnergy believes its Atometry(tm) technology compares with other detection technologies like color photography compares with black-and-white photography.
HiEnergy is focused on the commercialization and sale of its portable, suitcase-borne SIEGMA(tm) 3E3; the CarBomb Finder(tm) 3C4, a vehicle-borne system, for the detection and identification of car bombs; and the STARRAY(tm), its robot-borne detector of IEDs, landmines and unexploded ordnance. The Company is marketing its devices to governmental and private entities and is negotiating licenses for distribution of its devices with various industry partners. The Company also continues to focus on the research and development of additional applications of its technologies and their further exploitation, both internally and through collaboration with third parties.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the Company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements.