Isonics Invests in Non-Invasive Thermal Imaging Technology for People Screening.GOLDEN, Colo. -- Isonics Corporation (Nasdaq:ISON), a provider of innovative solutions for the homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States and semiconductor markets, announced today that its Homeland Security and Defense Corporation subsidiary has entered into a definitive agreement with privately-held ISCON ISCON Integrated System Control Video Imaging, Inc. ("ISCON"), which gives its HSDC HSDC High Speed Digital Chart HSDC High-Speed Data Card HSDC High Speed Daughter Card subsidiary the right to acquire up to 51% equity ownership in the company in a series of defined investments based on successful completion of developmental and commercial milestones. ISCON is developing patent-pending infrared imaging-based technologies for the non-invasive detection of objects hidden under clothing as well as technology for the determination of the chemical composition of such objects to identify explosives and drugs. Isonics will assist ISCON in obtaining commitments for deployment of beta prototypes in a number of demonstrations in airports, public buildings or correctional facilities. The successful demonstration of an alpha prototype for Isonics' engineers led to this investment agreement. The initial funding of $250,000 from Isonics will be used to manufacture the beta prototypes and support business development efforts. "The fully developed version of the ISCON technology holds promise to be a stand-off detector for suicide bombers Noun 1. suicide bomber - a terrorist who blows himself up in order to kill or injure other people act of terrorism, terrorism, terrorist act - the calculated use of violence (or the threat of violence) against civilians in order to attain goals that are political ," commented Boris Rubizhevsky Isonics' vice chairman and president of Isonics' homeland security and defense subsidiary. "The hardware necessary to implement the technology is consistent with our efforts to develop a low cost, more efficient thermal imaging device and, when development is complete, can be expected to add another promising product to our portfolio of cutting-edge security products." ISCON has received considerable interest in its efforts from both government and private entities in the U.S. and Europe and expects to have several pilot installations installed before the end 2006. Dr. Izrail Gorian, founder of ISCON, is a scientist and engineer with extensive experience in the field of thermal (infrared) imaging. He holds over 20 patents and has worked at MIT MIT - Massachusetts Institute of Technology , Polaroid, and United Technologies. About Isonics Corporation Isonics Corporation has three business divisions: (1) Homeland Security and Defense (2) Semiconductor, and (3) Life Sciences. Isonics is a world leader in isotopically engineered materials and through its semiconductor division produces isotopically pure silicon-28 chemicals, silicon-on-insulator wafers wafers compressed roughage in flat plates useful for feeding to animals in transit. , wafer reclaim services and test wafers, including 300mm, for the semiconductor industry. Isonics' Life Sciences division markets and sells isotopes An isotope a type of neutral atom but the number of neutrons is different from the number of protons in the nucleus. May be radioactive. Elements 1-15 Hydrogen
n. An isotope of an element that shows no tendency to undergo radioactive breakdown. can be thought of as ultra pure materials. This high degree of purification purification, in religion, the ceremonial removal of what the religion deems unclean. The usual agents of purification are water (as in baptism), bodily alteration (as in circumcision), and fire. provides enhanced properties as compared to natural materials. Additional information may be obtained at the Company's Web site at www.isonics.com. Cautionary Statement Except for historical information contained herein, this document contains 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 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. These statements involve estimates, assumptions, known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB for the year ended April 30, 2005 and reports subsequently filed with the Securities and Exchange Commission, which include the Company's historical cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in these filings with the Securities and Exchange Commission. |
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