ICx Technologies Wins $2.5 Million Contract for identiFINDER Radiation Detectors for the 2008 Beijing Olympics
WASHINGTON–ICx Technologies™ (NASDAQ:ICXT – News), a developer of advanced sensor technologies for homeland security, force protection and commercial applications, announced today that it has won $2.5 million in contracts to supply identiFINDERs™ to the Government of China for use at the 2008 Olympics in Beijing, which begin on Aug. 8.
IdentiFINDERs are handheld, radioisotope identification devices (RIID). Every identiFINDER is able to rapidly locate, accurately measure and precisely identify sources or contaminations from gamma and neutron radiation. The units are able to differentiate between dangerous radioactive materials, medical and naturally occurring radioisotopes, such as bananas.
“We are proud to have our market-leading spectroscopic radiation detectors again being used at such a critical event. ICx also supported the 2004 Olympics through the IAEA and the Pacific Northwest National Lab, and we provided security at the 2006 FIFA World Cup,” said Juergen Stein, President and CEO, ICx Radiation. “In addition to the identiFINDERs, we are also delivering a radiation-measurement laboratory truck to China for use at the 2008 Olympics. Our presence at such high-profile events is further testimony to our market leadership,” he added.
Detailed information on the security steps that have been taken cannot be disclosed, although for past events radiation detection equipment was installed at borders and other entry points into the host country. In Greece, hand-held radiation monitors were distributed to hundreds of security personnel and customs officials. This type of equipment is being deployed to detect radioactive materials that might be used as a weapon by terrorists in a radiological dispersal device, a so-called “dirty bomb”.
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.
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