Ionatron Comments on Laser Induced Plasma Channel (LIPC) Sole Source Notification.TUCSON, Ariz. -- Ionatron, Inc., (Nasdaq:IOTN IOTN Index of Orthodontic Treatment Need (UK) ) a Laser Guided Energy (LGE LGE LG Electronics LGE Local Government Employers (UK) LGE Laser Guided Energy LGE Louisville Gas & Electric LGE Loop or Ground-start, Exchange (Newbridge) [TM]) Company developing next generation Directed Energy An umbrella term covering technologies that relate to the production of a beam of concentrated electromagnetic energy or atomic or subatomic particles. Also called DE. See also directed-energy device; directed-energy weapon. Weapons, today announced that the U.S. Navy has posted a notification on the Federal Business Opportunities website (www.fbo.gov) regarding the pending award of a contract for further development of Ionatron's proprietary LIPC LIPC Hepatic Lipase (gene) LIPC laser-induced plasma channel LIPC Livestock Industry Promotion Corporation (Japan) LIPC Long Island Planning Council (Wantagh, Long Island) technology. The posting of this information is a federal contracting requirement prior to contract award. Dana Marshall, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of Ionatron, commented, "We are pleased the U.S. Navy has issued this notification pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the pending award of a contract for further development of our LIPC technology. This is one of the final requirements prior to contract award. We are currently finalizing the details regarding these activities and can not comment on the amount or timing of the award, or on any specifics of the work involved. The Navy posting is significant because it outlines the breadth of our capabilities in technology development, and also notes that Ionatron is the only source currently capable of performing this type of development. We can confirm that this pending contract award relates to funding that was previously authorized by Congress, although the award amount will not fully reflect the total Congressional "plus-up" amount. It is our understanding that some of that original funding will go towards the Navy effort to support the overall technology development. We are also pleased to note that expedited contracting procedures will be utilized which should allow us to continue the momentum in LIPC technology development." 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 Tucson (pronounced /ˈtusɑn/, Spanish: Tucsón [tuk'son] , 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Certain statements contained in this News Release constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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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