IRVINE, Calif., Oct. 31 /PRNewswire-FirstCall/ -- HiEnergy Technologies,
Inc. (OTC Bulletin Board: HIET), the industry leader in neutron-based
explosive diagnostic technology, today posed this question in a World Talk
Radio interview with HiEnergy Technologies Chairman and CEO Dr. Bogdan C.
Maglich: "Can we fight 21st Century terrorism with 19th Century technology?"
Dr. Maglich told the listeners that X-rays and metal detectors are in
reality 19th century technologies which have proven inadequate to combat
today's terrorists who make improvised explosives with unimaginable
inventiveness. He explained in the interview how HiEnergy, with its expertise
in nuclear particle physics, has developed the world's first explosive
detector that deciphers chemical formulas of substances non-invasively and in
real time, representing a technological leap from the "chemically-blind"
technologies currently used.
The interview is available at:
http://www.worldtalkradio.com/archive.asp?aid=5420
"Our suitcase device, put near the object, will tell whether it's
explosive in six seconds to one minute," Dr. Maglich said. He further
explained in the interview the benefit to transit systems which find
suspicious packages every day, shutting down a section of the system for
hours. "Our device zooms into the suspicious objects from the outside and
means a transit system can quickly and accurately tell whether it's explosive
or not," Dr. Maglich said.
The World Talk Radio interview, conducted by Francis Gaskins, highlights
Dr. Maglich's background, HiEnergy's mission, product development, sales and
marketing activities, as well as information about the numerous demonstrations
it has conducted for the U.S. military, NATO, first responders and others.
HiEnergy is the creator of the world's first diagnostic devices that can
effectively decipher chemical formulas of unknown substances through metal or
other barriers, almost instantly and without human intervention. HiEnergy's
products 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 technology compares with other detection technologies
like color photography compares with black-and-white photography. HiEnergy's
first commercial product, the SIEGMA(TM) 3E3, is unique in that it can detect
and confirm whether an object or container carries a select group of dangerous
or illicit substances, such as explosives, biological agents, or illicit
drugs, with a probability of detection equal to approximately 97.75%, and
"false negative" and "false positive" rates of nearly 2.25%.
ABOUT HIENERGY TECHNOLOGIES, INC.
HiEnergy Technologies, Inc. ("HiEnergy", together with its subsidiaries,
the "Company") is a nuclear particle detection technology company focused on
the commercialization of the world's first "stoichiometric" explosive
diagnostic devices, including the CarBomb Finder(TM) 3C4, a vehicle-borne
system, for the detection and identification of car bombs, and the SIEGMA(TM)
3E3, a portable suitcase-borne system for the detection and identification of
home-made bombs, also known as Improvised Explosive Devices or IEDs. 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. HiEnergy is
currently developing prototypes in programs with the U.S. Department of
Defense and the Department of Homeland Security for other related uses of its
core technology. Recently, it entered into a funded cooperative development
agreement with the U.S. Transportation Security Administration (TSA) to
produce a proof of concept which incorporates the Company's SuperSenzor(TM)
technology into a baggage screening system. The Company's "stoichiometric"
technology, or Stoitech(TM) has been incorporated into additional prototype
applications which, if the Company is able to raise the funds necessary to
commercialize them, will be the next products it attempts to launch: an
in-ground explosive screening system, the CarBomb Finder(TM) 3C5, the
STARRAY(TM), an all-terrain remote vehicle system; an anti-tank landmine
detector; an unexploded ordnance detector, which is also useful to detect
IEDs; and a device called a "Refractorymeter," which can detect fissures or
erosions in the ceramic lining of oil cracking tanks.
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.
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.
MEDIA CONTACT: INVESTOR RELATIONS:
Karen Gleason Paul Knopick
Going Global Communications E&E Communications
949-702-3409 949-707-5365
info@ggcpr.com pknopick@eandecommunications.com
SOURCE HiEnergy Technologies, Inc.
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Related links:
http://www.worldtalkradio.com/archive.asp?aid=5420
CONTACT:
Media, Karen Gleason of Going Global
Communications, +1-949-702-3409, info@ggcpr.com, for HiEnergy
Technologies, Inc.; or Paul Knopick of E&E Communications,
+1-949-707-5365, pknopick@eandecommunications.com, for HiEnergy
Technologies, Inc.
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