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.
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, 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.
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ICx Technologies, Inc.
2100 Crystal Drive, Suite 650
Arlington, VA 22202