Bruker Announces Acquisition of PROTECT-US Radiation Detection Business to Expand its Product Offerings for Homeland Security

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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