Ionatron Receives Small Business Technology Transfer Contract.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 Weapons, today announced that it has received a Phase I Small Business Technology Transfer (STTR STTR Small Business Technology Transfer Program STTR Stator STTR Small Technology Transfer Innovation Research ) Contract from the Army Research Office for development of a Light Filament filament, in astronomy: see chromosphere. Sensor. This contract is expected to be completed in six months for a fixed price of $99,686.00. Successful completion of Phase I may lead to a Phase II contract for development of a prototype system. Ionatron is teamed with Professor M. Bonner Denton of the University of Arizona (body, education) University of Arizona - The University was founded in 1885 as a Land Grant institution with a three-fold mission of teaching, research and public service. for this effort. Additional information about this contract can be found at the Department of Defense SBIR/STTR website (link: http://www.dodsbir.net/sitis/archives_display_topic.asp?Bookmark A stored location for quick retrieval at a later date. Web browsers provide bookmarks that contain the addresses (URLs) of favorite sites. Most electronic references, large text databases and help systems provide bookmarks that mark a location users want to revisit in the future. =28981) (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Commenting on the contract award, Thomas Dearmin, President and 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. of Ionatron,said, "Ionatron continues to pursue other applications of our core Laser Guided Energy technology. We believe this contract is further indication that multiple missions exist for the advanced lasers and power supplies we develop. We expect that development of this application may result in a new remote sensor capable of detecting remote targets that may be toxic or contain toxic residue. Since this type of laser will be part of our Laser Guided Energy systems, we expect to have a true sensor/weapon capability that will provide our customers with enhanced, multi-mission systems. Additionally, as an STTR contract, this technology is required to have dual use application. As a result, it may also be available as a commercial product for civilian security applications." About Light Filament Sensors The formation and use of optical filaments resulting from high power, ultra-short laser pulses propagating within the atmosphere is an active area of research for military and commercial applications. Optical filaments are highly intense and non-diffracting self-guided beamlets that form within ultra-short pulsed laser beams. Much of the early research in the application of optical filaments has been centered on remote sensing applications. The intense optical filaments can be used to ionize i·on·ize v. To dissociate atoms or molecules into electrically charged atoms or radicals. i on·iz molecules and atoms thus producing related emissions and they can simultaneously generate a very broad and continuous optical spectrum (referred to as white light or continuum generation). The resulting spectral continuum can be used to measure absorption and scattering losses within the atmosphere at long ranges while the receiver remains near the laser source. Importantly, the range at which the filament formation and continuum generation occurs within the atmosphere can be controlled electronically. Therefore, an electronically adjustable and long range spectroscopic spec·tro·scope n. An instrument for producing and observing spectra. spec tro·scop tool that can both ionize and probe various atomic and molecular species along with measuring particle absorption and scattering can be developed using optical filamentation. 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 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" 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 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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