IACSP
10-22-2008, 06:46 AM
ICX Technologies Awarded $1.4 Million Robotic Explosive Detection Contract
WASHINGTON (Oct. 21, 2008) — ICx Technologies (NASDAQ: ICXT), a
developer of advanced sensor technologies for homeland security, force
protection and commercial applications, announced today that it was
awarded a $1.4 million contract from the U.S. Army RDECOM and CERDEC
Night Vision and Electronic Sensors Directorate (NVESD), Countermine
Division, at Ft. Belvoir, Va. Under the contract, ICx will provide the next-
generation version of its Fido® OnBoard™ explosives detection sensor, along
with a suite of new air-sampling capabilities.
The new Fido OnBoard is being developed for NVESD's Autonomous Mine
Detection System (AMDS) project. The objective of AMDS is to combine
various technologies onto small robots in order to autonomously detect,
mark, and neutralize explosive threats to dismounted forces.
"We are pleased that the U.S. Government continues to embrace Fido for
explosive detection," said Hans Kobler, CEO of ICx Technologies. "Its light
weight, in addition to its unparalleled sensitivity, makes Fido OnBoard
uniquely positioned for the emerging robotic market."
Since its introduction in 2005, ICx has sold more than 1,800 Fido-brand
sensors for use by U.S. and Coalition Forces, as well as other domestic and
international customers, such as the Transportation Security Administration.
Fido was honored as one of the U.S. Army's Top 10 Inventions in 2005 for
the handheld version of the sensor, and again in 2006 for the robot-based
version. For more information on Fido-brand sensors, please go to
www.icxt.com/products/icx-detection/explosives/fido/ (http://www.icxt.com/products/icx-detection/explosives/fido/).
About ICx Technologies™
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. We then leverage our unparalleled technical expertise
and government funding to address other emerging challenges of our time,
ranging from a cleaner environment and alternative energy to life science.
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.
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.
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 contract and its contents do not necessarily reflect the position or the
policy of the US Government, and no official endorsement should be inferred.
All trademarks, registered trademarks and service marks are the property of
their respective owners.
WASHINGTON (Oct. 21, 2008) — ICx Technologies (NASDAQ: ICXT), a
developer of advanced sensor technologies for homeland security, force
protection and commercial applications, announced today that it was
awarded a $1.4 million contract from the U.S. Army RDECOM and CERDEC
Night Vision and Electronic Sensors Directorate (NVESD), Countermine
Division, at Ft. Belvoir, Va. Under the contract, ICx will provide the next-
generation version of its Fido® OnBoard™ explosives detection sensor, along
with a suite of new air-sampling capabilities.
The new Fido OnBoard is being developed for NVESD's Autonomous Mine
Detection System (AMDS) project. The objective of AMDS is to combine
various technologies onto small robots in order to autonomously detect,
mark, and neutralize explosive threats to dismounted forces.
"We are pleased that the U.S. Government continues to embrace Fido for
explosive detection," said Hans Kobler, CEO of ICx Technologies. "Its light
weight, in addition to its unparalleled sensitivity, makes Fido OnBoard
uniquely positioned for the emerging robotic market."
Since its introduction in 2005, ICx has sold more than 1,800 Fido-brand
sensors for use by U.S. and Coalition Forces, as well as other domestic and
international customers, such as the Transportation Security Administration.
Fido was honored as one of the U.S. Army's Top 10 Inventions in 2005 for
the handheld version of the sensor, and again in 2006 for the robot-based
version. For more information on Fido-brand sensors, please go to
www.icxt.com/products/icx-detection/explosives/fido/ (http://www.icxt.com/products/icx-detection/explosives/fido/).
About ICx Technologies™
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. We then leverage our unparalleled technical expertise
and government funding to address other emerging challenges of our time,
ranging from a cleaner environment and alternative energy to life science.
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.
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.
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 contract and its contents do not necessarily reflect the position or the
policy of the US Government, and no official endorsement should be inferred.
All trademarks, registered trademarks and service marks are the property of
their respective owners.