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ICx Technologies Wins $2.3 Million Contract to Develop Modular Tactical Detection System for Bio-Threats
Business Wire, Feb 26, 2008
WASHINGTON -- ICx Technologies (NASDAQ:ICXT), a developer of advanced sensor technologies for homeland security, force protection and commercial applications, announced today that it has been awarded a $2.3 million contract by the U.S. Department of Defense (DoD) to develop a modular detection system intended to protect U.S. troops in the battlefield from potential bio-threats.
The ICx Modular Tactical Detection System is comprised of a continuously sampling, near-real-time, bio-threat detector that will automatically alert troops to a potential bio-threat. Once the alarm goes off it triggers the aerosol collector and an identifier, which can detect if the aerosol that created the alarm is a harmful biological agent. The unit is designed to accomplish all this in less than 20 minutes.
The contract includes refinement of the components, followed by system assembly and then testing in real-world environments through the DoD's Joint Biological Tactical Detection System (JBTDS) program in 2008.
"Our Modular Tactical Detection System leverages the previous work we did on our Tactical AirSentinel and marries highly advanced sampling and identification capabilities to achieve affordability and real-world practicality," said Colin Cumming, president of ICx Detection. "The system will be designed for use in the battlefield, and will also be applicable to a variety of homeland security and critical infrastructure security applications in commercial high-rise buildings, federal buildings or transportation facilities."
"Congratulations to ICx and all of your employees for a job well-done," said Congresswoman Heather Wilson. "New Mexico makes important contributions to our national defense. Our Air Force bases, our national labs, and companies like ICx provide the technical know-how to keep our troops safe. Once again, New Mexico is at the forefront. We're proud of what you do."
About ICx Technologies[TM]
ICx Technologies is a leader in the development and integration of advanced sensor technologies for homeland security, force protection and commercial applications. Our proprietary sensors detect and identify chemical, biological, radiological, nuclear and explosive threats, and deliver superior awareness and actionable intelligence for wide-area surveillance, intrusion detection and facility security. By leveraging our unparalleled technical expertise, ICx pioneers the integration of these advanced sensors into effective security and commercial solutions.
For more information visit www.icxt.com
Statements contained in this press release that are not historical facts are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements, including statements relating to ICx Technologies' plans, objectives and expectations for future operations, are uncertain and subject to a variety of risks that could cause actual results to differ materially from those expected by ICx Technologies. You should consider the risk factors described in ICx Technologies' prospectus as filed with the U.S. Securities and Exchange Commission on November 8, 2007, as well as other filings. ICx Technologies undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
The above mentioned contract does not guarantee future revenues and is subject to significant risks and uncertainties, which are difficult to predict. Actual results may differ due to a variety of factors, including, without limitation, changing priorities in government budgets, termination due to unilateral government action, and differences in actual and anticipated contract performance, including performance by ICx and other contractors, suppliers and subcontractors. In addition, the above mentioned contract does not assure that products developed thereunder will ultimately meet all customer performance requirements or achieve ultimate commercial success.
All trademarks, registered trademarks and service marks are the property of their respective owners.
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