Ionatron Comments on Dual Effects, Stand-Off IED Neutralization System Sole Source Notification
30 4월 2007 - 10:00PM
Business Wire
Ionatron, Inc., (Nasdaq: IOTN) a Laser Guided Energy (LGE�) company
developing next generation Directed Energy Weapons, today announced
that the U.S. Navy has posted a notification on the Federal
Business Opportunities website (www.fbo.gov) regarding the award of
a sole source contract regarding Ionatron�s proprietary Counter IED
(CIED) technology. The posting of this information is a federal
contracting requirement prior to contract award. The contract value
is approximately $0.5 million dollars. As described in the
Solicitation Notice released by the U.S. Navy on April 26, 2007
this contract funded the initial development of a Dual Effects,
Stand-Off IED Neutralization System (DESINS) to be used by the
United States Marine Corps (USMC) in their effort to improve
current and future naval expeditionary warfare capabilities across
the spectrum of conflict for current and future operating forces.
This effort encompassed defining preliminary specifications and
requirements for all subsystems, integrated system and performance
requirements. The contract also included factory testing and
demonstration, as well as field testing and demonstration of the
developmental system. As previously disclosed by the Company, this
independent testing of Ionatron�s latest CIEDS products by USMC/USN
team was directed by Congress in late 2006 and the tests were
completed in mid-Q1 2007. Ionatron continues to support the Marine
Corps and U.S. military in their effort to address the problem of
Improvised Explosive Devices. 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.
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