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Leading supplier of innovative X-ray inspection systems, American Science and Engineering, Inc (ASEI - Snapshot Report) recently announced the appointment of Charles P. Dougherty as its President and Chief Executive Officer (CEO). Dougherty will hold the new office from on Apr 8, 2013 after the existing President and CEO, Anthony R. Fabiano, steps down from his position.
The newly appointed CEO is expected to drive American Science and Engineering to newer heights. With his leadership traits, expertise and experience of 30 years, he is expected to guide the company’s business to unlock further value. Dougherty has experience in building telecommunications, fiber-optic and electronics-manufacturing businesses.
We believe that Dougherty’s sector know-how and expertise will prove beneficial for American Science and Engineering. Dougherty expects to steer the company on a growth momentum by completing the ongoing projects as well as supporting the development and execution of new strategic ideas for value creation.
At the beginning of his career with General Instrument, Dougherty was successful in building it as one of the leading broadband networking businesses. With the past experience in companies like Tyco International Corp (TYC - Analyst Report), where he played a major role in restructuring of the company, Dougherty is expected to bring in transformative changes in American Science and Engineering and augment its revenues going forward.
American Science has experience in developing advanced X-ray security systems. These technologies offer superior X-ray threat detection for plastic explosives, plastic weapons, liquid explosives, bombs and nuclear devices. American Science and Engineering’s product line includes patented Z Backscatter technology for Radioactive Threat Detection (RTD), high energy transmission and dual energy transmission X-ray.
The company faces intense competition from other players in the industry, which include formidable names such as Mistras Group, Inc (MG - Snapshot Report). American Science currently has a Zacks Rank #3 (Hold). One of its competitors, Siemens Aktiengesellschaft (SI - Analyst Report) carries a Zacks Rank #2 (Buy).