5768--6/15/2009--AMERICAN_SCIENCE_&_ENGINEERING

related topics

{customer, product, revenue}

{property, intellectual, protect}

{cost, regulation, environmental}

{stock, price, share}

{stock, price, operating}

{product, candidate, development}

{product, market, service}

{product, liability, claim}

{acquisition, growth, future}

{personnel, key, retain}

{regulation, government, change}

{operation, international, foreign}

{condition, economic, financial}

{provision, law, control}

{competitive, industry, competition}

The Company s reliance on a small number of customers for a large portion of its revenues could harm its business and prospects. A number of contracts held by those customers may be terminated at the customer s discretion. The Company s results of operations are affected by the overall economy and governmental spending. The Company s business is dependent upon governmental policies and appropriations. The Company s lengthy sales cycle requires it to incur significant expenses with no assurance that it will generate revenue or recover such expenses. The Company conducts its business worldwide, which exposes it to a number of difficulties in coordinating its international activities and dealing with multiple regulatory environments. Changes in governmental regulations may reduce demand for the Company s products or increase its expenses. The Company s reliance on a limited number of suppliers for some key components for its products could harm its business and prospects. Fluctuations in the Company s operating results and unanticipated contract terminations may cause its stock price to fluctuate. The Company could incur substantial costs as a result of product liability claims and adverse publicity if its X-ray inspection systems fail to detect bombs, explosives, weapons, contraband or other threats to personal safety. The Company s insurance may be insufficient to protect it from product liability claims. The Company may not be able to fund its research and development activities. The Company s success depends on new product development. The Company s success depends upon its ability to adapt to rapid changes in technology and customer requirements. The Company may not be able to compete successfully. The Company s business could be harmed if it is unable to protect its intellectual property. The Company s business may be materially and adversely affected by infringement claims initiated by the Company or its competitors. The Company s success depends on its ability to attract and retain qualified management professionals. Existing external financing may not be available in the future. Future sales of the Company s common stock by existing stockholders could depress the market price of the Company s common stock. The volatility of the Company s stock price could adversely affect an investment in the Company s common stock. Provisions in the Company s articles of organization and the Company s shareholder rights plan may have the effect of discouraging advantageous offers for the Company s business or common stock, and limit the price that investors might be willing to pay in the future for shares of the Company s common stock.

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5768--6/15/2009--AMERICAN_SCIENCE_&_ENGINEERING_INC