ASEI INVESTOR ALERT: Investigation of American Science & Engineering, Inc. Announced by Glancy Binkow & Goldberg LLP

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LOS ANGELES--(BUSINESS WIRE)--

Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of American Science & Engineering, Inc. ("American Science" or the "Company") ASEI concerning the Company's and its officers' possible violations of federal securities laws. Glancy Binkow & Goldberg is preparing a class action to recover damages on behalf of injured American Science shareholders.

American Science manufactures and markets X-ray inspection and other detection products used by law enforcement and other public agencies. The Company derives a significant portion of its revenue from federal, state and local governments. On March 24, 2015 the Company disclosed that it had, "received a subpoena from the Office of the Inspector General of the U.S. General Services Administration ("GSA"), relating to an investigation by the GSA and the Department of Defense of our compliance with the terms and conditions of our contractual arrangements with the GSA. We intend to cooperate fully in the investigation. We are unable at this time to predict the outcome of the investigation. We will incur legal costs in connection with the investigation, and could incur additional costs, damages or penalties, depending on its outcome. We are unable at this time to estimate the amount of the possible loss or range of loss, if any, that we may incur as a result of the investigation." On this news, shares of American Science fell $4.17 per share, or over 8%, to close on April 24, 2015 at $45.25 per share.

If you purchased shares of American Science prior to April 24, 2015, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

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Posted In: Press Releases
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