excerpts? has this been placed here for hiet?
HiEnergy Conducts Tests with US Army's Night Vision and Electronic Sensors Directorate
3/29/2004 8:30:00 AM
IRVINE, Calif., Mar 29, 2004 (BUSINESS WIRE) -- HiEnergy Technologies, Inc. (HIET) announced today that the Company conducted a series of in-field tests of its Anti-Tank Landmine Detector for the United States Army's Night Vision and Electronic Sensors Directorate in Fort Belvoir, Virginia during the week of March 15, 2004.
me: i like the night vision stuff for their product.
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me: how did this get in here?
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Company: Hienergy Technologies Inc
The Anti-Tank Landmine Detector is the first of its kind to contain a Stoichiometer(TM), which utilizes groundbreaking technology to decipher chemical formulas of explosives within buried landmines. This high-tech device contains a portable generator of neutrons and remotely determines the chemical formula of concealed or buried objects through steel or soil including explosives, biological weapons, and illegal drugs online.
"We are pleased to be presented with the opportunity to demonstrate the unique capabilities of HiEnergy's Anti-Tank Landmine Detector," notes Dr. Bogdan C. Maglich, HiEnergy Technologies, Inc.'s CEO and Chief Scientific Officer. "The innovative system that composes the Anti-Tank Landmine Detector can dramatically improve the ways in which dangerous landmines are located. There will no longer be "false alarms," where a given area is mistaken to have the presence of a real mine due to clutter, such as shrapnel, nails, wire, bullets and other metallic objects that are commonly found. Due to this detector's proficiency, it can eliminate the need for human intervention, which will ultimately save the lives of many de-miners."
The "False Alarm Eliminator," HiEnergy's landmine detection system, is currently being developed under an SBIR Contract awarded by the Department of Defense. According to the U.S. Army SBIR Phase II Contract No. DAAB07-03-C-P002, the results of the tests, as all work under the contract, must remain confidential.
About HiEnergy Technologies, Inc.
HiEnergy's Stoichiometric CarBomb Finder 3C3, which it has recently introduced to the market, is the company's first commercial product. HiEnergy's stoichiometric technology also has potential application in various other related and discrete markets, including the detection of smaller bombs, unexploded ordinance detection, landmine detection, airport security screening, bio-weapons detection, contraband detection, and chemical and petrochemical industry applications. Dr. Maglich and Hi Energy have developed the technology through several years of research funded by both the private sector and contracts from the Department of Defense and U.S. Customs.
FORWARD-LOOKING STATEMENTS
HiEnergy's marketing plans and the properties and prospective potential of its technology as described in this news release constitute "forward looking statements" within the meaning of the United States federal securities laws that involve risks and uncertainties. Actual results may vary substantially from expectations as a result of a variety of factors including, by way of example and not limitation, HiEnergy's financial requirements and capital requirements; HiEnergy's ability to satisfactorily procure and complete sales contracts on a profitable basis for its Stoichiometric CarBomb Finder 3C3 and other stoichiometric products as they are prospectively introduced to market; acceptance of and demand for those products by governments and other prospective users; regulatory constraints; and the various risks and uncertainties disclosed by HiEnergy in its reports filed from time-to-time with the SEC on Forms 10-KSB, 10-QSB and 8-K. Readers are urged to carefully review and consider the various disclosures made by HiEnergy in its various reports filed from time-to-time with the SEC that attempt to advise interested parties of the risks and uncertainties that may affect HiEnergy 's business and an investment in its securities.
SOURCE: HiEnergy Technologies, Inc.
Investor Contact:
KCSA Public Relations Worldwide
Michael Cimini, 212-682-6300
mcimini@kcsa.com
or
Media Contact:
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Carrie Gray, 212-355-5049
cgray@hwhpr.com
me: very interesting concept.
i like the confidential part too by the army.
