IRVINE, Calif., Dec. 6, 2006 (PRIME NEWSWIRE) -- HiEnergy Technologies, Inc. (OTCBB:HIET), the homeland security industry leader in neutron-based diagnostic technology, announced today that it has entered into a teaming agreement with Bartlett Services, Inc., one of the nation's leading nuclear services company. Pursuant to the non-exclusive agreement, HiEnergy and Bartlett Services intend to identify and jointly bid for federal, state, and local government solicitations as well as jointly pursue business opportunities in which they may combine their complementary but unique industry experience and capabilities. The focus of the teaming activities will be on explosive detection and radiation safety, monitoring and screening in the sectors of mass transit security, port security, harbor security, and critical infrastructure protection, such as the nation's nuclear power plants.
Founded in 1979, Bartlett is the largest provider of on-site nuclear support services in the United States. As a subsidiary company, Bartlett Services, Inc. is a full service supplier of radiological safety personnel and a monitoring system integrator that provides design, fabrication, installation, startup and maintenance. Bartlett Services markets a complete line of equipment, material and service technologies including radiation decontamination technologies and remote monitoring systems. Bartlett Services currently supplies these solutions -- along with nuclear qualified personnel trained in their use -- to over 130 Department of Defense, Department of Energy and commercial nuclear sites.
"We are pleased that Bartlett Services has agreed to team with HiEnergy, which we believe will strengthen our ability to identify and bid for government business opportunities," stated Sean Moore, HiEnergy's Director of Sales. "With our unique explosive detection technology and Bartlett's first-class reputation and more than 20 years of experience in providing radiation safety, security and monitoring services, we expect this relationship to enhance our ability to sell our existing products as well as identify and exploit new opportunities for the application of our complementary technologies."
"We have been looking for a teaming partner to develop, integrate and market security strategies and solutions which can meet the specialized needs of the homeland security marketplace," stated Myron Kaczmarsky, Bartlett's Senior Vice President of Marketing, Sales and Business Development. "Together, we believe that with our combined capabilities, we will be able to jointly provide a unique suite of solutions, services, and detection technologies."
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 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. The Company is marketing its devices to governmental and private entities and plans to negotiate licenses for distribution of its devices through various industry partners. The Company also plans to continue 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. The company disclaims any obligation to update information contained in any forward-looking statement. While the above agreement evidences the willingness and desire of the respective parties to work collaboratively on the sale and marketing of the company's products, and implementation generally, readers are cautioned there can be no assurance that the agreements will result in any business, revenues or other tangible benefits at any time. This Agreement is not intended to constitute, create, give effect or otherwise recognize a joint venture, partnership, principal-agent or formal business organization of any kind, and the rights and obligations of the Parties shall be only those expressly set forth herein.