TUCSON, Ariz.--(BUSINESS WIRE)--Aug. 22, 2007--Ionatron, Inc.
(Nasdaq:IOTN), the Laser Guided Energy (LGE(TM)) Company, today
announced that they have received a $1,027,000 contract from the Naval
Surface Warfare Center, Crane, IN for development activities relating
to Counter-IED technology.
This contract is initial funding for engineering development and
verification testing of the Dual Effect Standoff IED Neutralization
System ("DESINS"). The DESINS system employs Ionatron next generation
technology for neutralization of Improvised Explosive Devices (IEDs)
or "roadside bombs". The program was requested by the U.S. Marine
Corps and is an outgrowth of technology development and testing
activities completed the first quarter of 2007. Funding for this
latest contract is provided by the Joint IED Defeat Organization
(JIEDDO), the U.S. Military's organization chartered to lead the
effort against the IED threat to U.S. and coalition forces.
Dana Marshall, Ionatron's President and Chief Executive Officer,
stated, "This contract represents the next step in the process of
adapting Ionatron's proprietary IED neutralization technologies, and
qualification of our hardware to support and protect Marines in the
field. We are particularly pleased to be working with JIEDDO to
develop and field innovative and versatile energetics technologies to
counter the challenging threat of roadside bombs and other IEDs."
Mr. Marshall also stated, "Ionatron has made a commitment to the
Marine Corps to do our best to accelerate the DESINS program, and the
activities funded under this contract, and announced today, have been
ongoing at Ionatron for several months."
About Ionatron Inc.
Ionatron, Inc. is a solution provider that develops and markets
Laser Guided Energy (LGE(TM)) and related products to defense and
security customers for unique applications worldwide. Ionatron has
significant expertise in the application of high-power lasers, optics
and energy management technologies. Headquartered in Tucson, Arizona,
Ionatron is focused on solving technology problems directly for its
government and security-conscious customers. For more information
about Ionatron, please visit www.ionatron.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995:
Certain statements contained in this News Release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve a number of known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such
Such factors include, but are not limited to: the dependence on
sales of a limited number of products and the uncertainty of the
timing and magnitude of government funding and orders, dependence on
sales to government customers; the uncertainty of patent protection;
the uncertainty of strategic alliances; the uncertainty of management
tenure; the impact of third-party suppliers' manufacturing constraints
or difficulties; management's ability to achieve business performance
objectives, market acceptance of, and demand for, the Company's
products, and resulting revenues; development and testing of
technology and products; manufacturing capabilities; impact of
competitive products and pricing; litigation and other risks detailed
in the Company's filings with the Securities and Exchange Commission.
The words "looking forward," "believe," "demonstrate," "intend,"
"expect," "contemplate," "estimate," "anticipate," "likely" and
similar expressions identify forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date the statement was made.
Ionatron undertakes no obligation to update any forward-looking
statements contained in this news release.
CONTACT: Cameron Associates
Kevin McGrath, 212-245-4577
SOURCE: Ionatron, Inc.