TUCSON, Ariz.--(BUSINESS WIRE)--April 24, 2007--Ionatron, Inc.,
(Nasdaq: IOTN) a Laser Guided Energy (LGE(TM)) company developing next
generation Directed Energy Weapons, has received a U.S. Government
contract for continued development of its Laser Induced Plasma Channel
(LIPC(TM)) technology. The contract value is $9,839,094. As described
in the Pre-Solicitation Notice released by the U.S. Navy in December
of 2006 this contract will fund the development of an advanced Ultra
Short Pulse Laser, physics modeling related to LGE(TM) requirements, a
transportable demonstrator and effects testing.
Dana Marshall, CEO of Ionatron, remarked on the contract award:
"We are very pleased to have this contract in hand, and to continue
our progress with our Laser Guided Energy technology and system
developments. We are especially looking forward to executing on the
laser development element of this contract, which will be a major step
in moving the LGE program out of the laboratory and into the hands of
real world users."
The contract includes technical development support from Los
Alamos National Laboratories in Los Alamos NM, and the University of
Illinois in Champaign Urbana IL.
Mr. Marshall continued "The researchers at the University of
Illinois have already been strong contributors to our work, and we are
pleased to continue our collaboration with them under this latest
contract. We also are looking forward to strengthening our
relationship with Los Alamos National Laboratory and utilizing their
world-class capabilities for development of advanced technologies."
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
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Such factors include, but are not limited to: the dependence on
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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
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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.