HiEnergy Technologies, Inc. (OTC Bulletin Board: HIET) today announced the successful showcase of its novel explosive detectors, the robot-borne STARRAY(TM)system and the under-vehicle CarBomb Finder(TM) 3C5 at the International Conference "The Balkans as Terrorism's Western Passage and Novel Counter-Terror Technologies" held in Belgrade, Serbia & Montenegro November 25-27, 2005. HiEnergy Technologies is the industry leader in neutron-based explosive diagnostic technology and the creator of the world's first explosive diagnostic devices which can effectively decipher the chemical formulas of unknown substances through metal or other barriers, virtually instantly and without human intervention.
The conference was sponsored jointly by the Terrorism Research Center of Belgrade, the International Strategic Studies Institute of Washington, D.C. and the International Policy Institute for Counter-Terrorism of Switzerland. It was opened with an address by Boris Tadic, President of Serbia & Montenegro, and chaired by Gen. Goran Radosavljevic (ret.), former Commander of the Serbian Joint Security Force Police Units. Gen. Radosavljevic, recipient of the NATO security medal and awards from the French, German and British governments for his peacekeeping efforts in the Balkans during the Bosnia and Kosovo crises, is quoted as saying: "We have invited only those with neutron-based detection technologies. Why?...All of us with hands-on experience in counter-terrorism know that X-rays cannot distinguish explosives from non-explosives and canine have proven unreliable after an hour or so. We need a detector that tells whether it's an explosive not perhaps yes or perhaps no, but for sure, as exemplified by the technology of HiEnergy Technologies."
During open-air blind tests, samples of real explosives as well as innocuous substances, wrapped in indistinguishable packaging, were invariably and correctly identified in as little as 59 seconds with 97.5% certainty. In one sample, the STARRAY(TM) system's analysis showed that the chemical formula of the Yugoslav-made plastic explosive was approximately 30% more potent than common variety plastic explosive, which was later confirmed by military officers on hand.
Two other explosive detectors were presented including a landmine detector from E.A.D.S. of France and a ship container control unit from the joint Italy-Croatia laboratory in Zagreb. Unlike that of HiEnergy's Stoitech(TM) technology, these neutron devices were not "stoichiometric",* lacking the ability to decipher the chemical formulas of unknown substances explosives or illicit substances, and thereby limited to determining the presence of a "possible explosive".
The conference also focused on the non-technical aspects of terrorism, including policy. German and Swiss speakers reported on the increasing links of terrorists' organizations with organized crime, money laundering and drug smuggling and the evidence that the Balkans have become a passageway for terrorists into European Union. Observers from Middle East and China were also present, among others.
The following are links to coverage of the event by the Associated Press:
Photo 1:
http://news.yahoo.com/photo/051127/481/xsi10111271230
Photo 2: http://news.yahoo.com/photos/ss/events/tc/111104robots/im:/051125/481/xsi10911 252037;_ylt=Alv4Cei38GVqiVdy9DeAOUjlWMcF;_ylu=X3oDMTA5bGcyMWMzBHNlYwNzc25hdg--
* stoichiometry - the ability to able to decipher the quantitative
empirical chemical formulas of unknown substances
ABOUT HIENERGY TECHNOLOGIES, INC. (http://www.hienergyinc.com)
HiEnergy Technologies, Inc. is the creator of the world's first "stoichiometric" 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 Stoitech(TM) 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%.
HiEnergy is 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 robot-borne IED detector; 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.
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