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HiEnergy's Homemade-Bomb Detector in Live Blind Tests at 45-Nation Defense Exhibition in Abu Dhabi
PR Newswire - February 17, 2005 08:00

IRVINE, Calif., Feb 17, 2005 /PRNewswire-FirstCall via COMTEX/ -- HiEnergy Technologies, Inc. (OTC Bulletin Board: HIET) (the "Company" or "HiEnergy") announced today that it conducted live blind tests of its suitcase-borne homemade-bomb detector at the 7th International Defense Exhibition & Conference ("IDEX 2005") being held February 12-17, 2005 in the capital city of Abu Dhabi, United Arab Emirates.

The demonstration of the Company's SIEGMA(TM) 3E3 detector were carried out at the official IDEX desert test site, located 50 miles from the capital city. The demonstration was held on Tuesday, February 15, 2005, in front of approximately 350 of the conference participants, which include more than 800 government officials and military representatives from over 45 countries, including the US, Canada, China, and Great Britain, and more than 920 journalists. In the blind tests, the SIEGMA(TM) 3E3 system was able to correctly discriminate explosive from non-explosive compounds, remotely and through steel, in a matter of 1 to 5 minutes.

Approximately 42% of all bombs that explode in Iraq, about 34 per day, are homemade bombs, technically described as Improvised Explosive Devices or "IEDs". Almost all bombs detonated recently in Saudi Arabia by terrorists have been IEDs. IEDs have proven more difficult to detect than industrial-made explosives due to their irregular formulas and shapes, random mixtures, and unconventional delivery. Because of its advantages in the detection of IEDs, HiEnergy featured the SIEGMA(TM) 3E3, which incorporates HiEnergy's Stoitech(TM) technology, which the Company believes is unique in its ability to decipher the chemical formulas of selected substances and determine with 95% accuracy, automatically and without human intervention, whether a target is explosive or not and the specific type of explosive, remotely and through steel or concrete, in approximately 30 seconds to 3 minutes depending on the size and distance of the explosive.

IDEX 2005 is the 7th presentation of one of the largest defense industry exhibitions in the world, providing defense personnel, chiefs of staff and senior officers from army, navy and air force branches around the globe with information and updates on the latest technological developments in defense technology. See http://www.idex-uae.com/2005/ for more information.

HiEnergy was represented at IDEX 2005 by members of its sales and technical staff and two members of its Board of Directors: Colonel William J. Lacey (ret.), CEO of HiEnergy's Washington D.C.-based subsidiary, HiEnergy Defense, Inc., and Harb S. Al-Zuhair, Chairman of the Riyadh and London-based Al-Zuhair Group.

ABOUT HIENERGY TECHNOLOGIES, INC.

HiEnergy Technologies, Inc. ("HiEnergy" or the "Company") is a nuclear technologies-based company focused on the development and commercialization of proprietary neutron-based "stoichiometric" sensor devices. The Company's Stoitech(TM) technology developed in the course of the past six (6) years are unique in that they have the ability to determine automatically, non-invasively and through steel, whether an object or container carries dangerous or illicit selected substances, such as explosives, biological agents, or illicit drugs. HiEnergy's primary focus is currently on the production and sale of two products: (1) the CarBomb Finder(TM), a vehicle-borne system, for the detection and identification of car bombs, and (2) the SIEGMA(TM), a suitcase-borne system for the detection and identification of home-made bombs, also known as Improvised Explosive Devices or IEDs. In addition, HiEnergy continues to research and develop prototype devices in programs with the U.S. Department of Defense and the Department of Homeland Security for other related uses of its core technology, such as the Anti-Tank Landmine Detector and Stoxor, its next generation checked baggage screening program, as well as non-military industrial applications for the petrochemical industry.

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. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward- looking statement.

These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievement expressed or implied by such forward looking statements. In some cases, you can identify forward looking statements by terminology such as "may," "will," "should," "could," "intend," "expects," "plan," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms or other comparable terminology. Although we believe that the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements. In addition to the risks described above, additional risks affecting our Company can be found in our periodic reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934.

There can be no assurance that the need to obtain export licenses, end-user permits, and/or to comply with any future regulations which may be adopted by U.S. or foreign regulatory bodies will not limit, or be a bar to, our ability to deliver against orders or potential customers purchasing our products. Future changes in the existing federal regulations governing the administration of export controls by the U.S. Department of Commerce may require us to obtain federal licensing, or become subject to more stringent rules of the U.S. Department of State. There can be no guarantee that we will be able to obtain such licenses at that time, or if we can that costs of doing so will not be prohibitive or significantly effect our poll of available customers. Other risks associated with international sales include, but are not limited to, changes in domestic and foreign regulatory requirements, political instability in targeted foreign markets, differences in technology standards, possible foreign currency controls, longer payment cycles and inadequate collection systems, fluctuations in currency exchange rates, inconsistent intellectual property protections among foreign jurisdictions, export restrictions, tariffs, embargoes or other sales barriers, prejudicial employment laws and business practices, difficulties in obtaining and managing distributors, and potentially negative tax consequences.

The views and conclusions contained in this document are those of the authors and should not be interpreted as representing the opinions or policies of the U.S. Government. Mention of trade names or commercial products does not constitute their endorsement by the U.S. Government.

INVESTOR CONTACT: MEDIA CONTACT:
Michael Cimini Lois Whitman
KCSA Public Relations Worldwide HWH Public Relations
[phone] [phone]
[e-mail] [e-mail]

SOURCE HiEnergy Technologies, Inc.

Investors, Michael Cimini of KCSA Public Relations Worldwide, [phone],
[e-mail]; or Media, Lois Whitman of HWH Public Relations, [phone],
[e-mail], both for HiEnergy Technologies, Inc.

http://www.prnewswire.com

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