Historical Archive
This press release was originally distributed via the eWire press wire service (2002–2016). It is preserved here as a historical record.
SureBeam Selected to Provide Electron Beam Systems for Eliminating Anthrax Threat in U.S. Mail
ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.
SureBeam Selected to Provide Electron Beam Systems for Eliminating Anthrax Threat in U.S. Mail
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For Immediate Release
SureBeam Selected to Provide Electron Beam Systems for Eliminating Anthrax Threat in U.S. Mail
Contract Award for Approximately $26 Million
CALIFORNIA, SAN DIEGO, Oct. 29 -/E-Wire/-- SureBeam Corporation (Nasdaq: SURE) announced today that the U.S. Postal Service would use SureBeam's electron beam systems to eliminate the threat of anthrax in the U.S. mail system. SureBeam will be the exclusive provider of electron beam and x-ray products and system integration services to The Titan Corporation, the prime contractor with the U.S. Postal Service. The award to SureBeam by Titan's newly established Office of Homeland Security of approximately $26 million is for eight SureBeam systems.
Under the award, SureBeam will be working with several business units of the Titan Corporation and Titan's Office of Homeland Security, as well as Titan Systems Corporation and Titan Scan Technologies, in providing a turnkey solution to the United States Postal Service. SureBeam will be a primary subcontractor to Titan in the execution of this comprehensive contract. The United States Postal Service has an option to expand the award with Titan, which if exercised; SureBeam would be a significant participant as the exclusive provider of these products and services to The Titan Corporation.
"The entire SureBeam team is proud to be able to be part of addressing this urgent national priority and in helping to protect against biological terrorism,' said SureBeam's President and Chief Executive Officer Larry Oberkfell. "SureBeam will be working closely with Titan's Office of Homeland Security, which will be bringing together the combined resources of SureBeam and Titan for a comprehensive, integrated solution to this bioterroristthreat.'
Headquartered in San Diego, California, SureBeam is a leading provider of electron beam and x-ray food safety systems and services for the food industry. SureBeam's technology significantly improves food quality, prolongs shelf life, and provides disinfestations that help to protect the environment. The SureBeam® patented system is based on proven electron beam and x-ray technology that destroys harmful food borne bacteria much like thermal pasteurization does to milk. This technology can also eliminate the need for toxic chemical fumigants used in pest control that may be harmful to the earth's ozone layer.
"Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Examples of such forward-looking statements include that the government or Postal Service will continue to purchase SureBeam technology as part of a total solution for sterilizing mail. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the risks associated with the Company's entry into new commercial businesses and new markets such as the food pasteurization market that require the company to develop demand for its product, its ability to execute its spin off strategy, its ability to access the capital markets and other risks described in the Company's Securities and Exchange Commission filings."
SureBeam Corporation
http://www.surebeam.com
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