Bruker Announces Acquisition of PROTECT-US Radiation Detection Business to Expand its Product Offerings for Homeland Security
06 January 2011 - 11:00PM
Business Wire
Bruker Detection Corporation today announces the closing of the
acquisition of the radiation detection instruments business of
PROTECT-US Inc., a company based in Champaign, Illinois. Financial
details of the asset deal transaction were not disclosed, and the
acquisition is not expected to have any immediate material effect
on Bruker’s 2011 financials.
PROTECT-US Backpack Radiation Sentry®
(Photo: Business Wire)
Bruker intends to move the new radiation detection business to
its operations in Massachusetts. Professor William Dunn, the
founder and CTO of PROTECT-US, will join Bruker Detection as ‘Vice
President of Radiation Detection’. Dr. Dunn has an impressive track
record in developing systems for protection against weapons of mass
destruction. He received the prestigious Pacesetter Award from
Argonne National Laboratory for his leadership in developing the
PROTECT program that is utilized today in critical sites across the
country. Dr. Dunn’s expertise in nuclear physics, coupled with his
experience in developing protective systems, led him to design
advanced technologies to detect and identify radiological hazards,
weapons and devices.
The current Bruker radiation detection product line consist of
dose rate and total dose measurement instruments, as well as
special probes for defense reconnaissance, a small niche within the
estimated $2 billion p.a. global market for nuclear radiation
detection and monitoring instruments. The PROTECT-US radiation
detection systems and integrated communications solutions will
considerably expand the Bruker Detection product offerings to meet
existing and future homeland security requirements for the
detection of concealed nuclear weapons and for isotope
identification, thereby expanding Bruker’s addressable markets in
radiation detection considerably. Bruker Detection’s strong
position in US, NATO and global CBRNE (Chemical, Biological,
Radiological, Nuclear and Explosives) detection markets is expected
to expand the market reach for the radiation detection products of
PROTECT-US.
The high-performance radiation detection products provided by
PROTECT-US are able to differentiate in most cases naturally
occurring radioactive materials and radioactive medical treatments
from possible terrorist threats. This technology can differentiate
likely threats from non-threats within persons, containers and even
moving vehicles. The PROTECT-US radiation detection systems are
engineered into various customizable instrument platforms, such as
portable backpacks, rapid deployment bollards or stanchions, fixed
location systems at entrances, roadways, rail lines, border
crossings or ports, as well as vehicle, aircraft or helicopter
mounted systems. The PROTECT-US systems can be provided as complete
turn-key solutions that communicate and report actionable
information to responsible government agencies.
William Dunn, Ph.D., Founder and CTO of PROTECT-US, commented:
“This acquisition merges the advanced radiation technology and
products from PROTECT-US with the global market reach and customer
support of Bruker Detection. The combined team will be a leader in
solutions to combat the spread of radiological and nuclear weapons,
thereby making our country and those of our allies safer
places.”
Mr. Sebastian Meyer-Plath, Executive Vice President of Bruker
Detection, stated: “With increasing emphasis on concealed nuclear
weapons detection and isotope identification in both homeland
security and defense, this acquisition provides Bruker with
state-of-the-art technology that is already fielded, thus
considerably broadening our technology base and product portfolio.
Today, it is not sufficient anymore to measure total radiation dose
and type of radiation. Instead, the fast, sensitive and correct
identification of the irradiating source provides the relevant
agencies with the information necessary to distinguish harmless
from potentially hazardous incidents.”
Going forward, the acquired products will be marketed as Bruker
Radiation Sentry® detection systems. For more information on Bruker
Detection Corp. and Bruker Corporation (NASDAQ: BRKR), please
visit: www.bruker.com.
BRUKER CAUTIONARY STATEMENT
Any statements contained in this presentation that do not
describe historical facts may constitute forward-looking statements
as that term is defined in the Private Securities Litigation Reform
Act of 1995. Any forward-looking statements contained herein are
based on current expectations, but are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected, including, but not limited to, risks and
uncertainties relating to adverse changes in conditions in the
global economy and volatility in the capital markets, the
integration of businesses we have acquired or may acquire in the
future, changing technologies, product development and market
acceptance of our products, the cost and pricing of our products,
manufacturing, competition, dependence on collaborative partners
and key suppliers, capital spending and government funding
policies, changes in governmental regulations, realization of
anticipated benefits from economic stimulus programs, intellectual
property rights, litigation, and exposure to foreign currency
fluctuations and other risk factors discussed from time to time in
our filings with the Securities and Exchange Commission. These and
other factors are identified and described in more detail in our
filings with the SEC, including, without limitation, our annual
report on Form 10-K for the year ended December 31, 2009, our most
recent quarterly reports on Form 10-Q and our current reports on
Form 8-K. We expressly disclaim any intent or obligation to update
these forward-looking statements other than as required by law.
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