IOTN Ionatron (MM)

Ionatron, Inc., (Nasdaq: IOTN) a Laser Guided Energy (LGE�) company developing next generation Directed Energy Weapons, has received a U.S. Government contract for continued development of its Laser Induced Plasma Channel (LIPC�) 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� 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�) 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 forward-looking statements. 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.