10.02.2005 12:04:00
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Isonics Announces Formal Launch of Marketing for NeutroTest Explosive
Business Editors/Technology Writers
IDEX 2005 International Defense Exhibition & Conference
GOLDEN, Colo.--(BUSINESS WIRE)--Feb. 10, 2005--Isonics Corporation (Nasdaq:ISON), committed to the development of next-generation technology for the homeland security and semiconductor markets, has announced the official commencement of its calendar 2005 domestic and international marketing efforts of its NeutroTest(TM) handheld explosive detection device. The announcement was made by Boris Rubizhevsky, President of the Isonics Homeland Security and Defense division.
Representatives of Institut fur Umwelttechnologien GmbH (IUT-Berlin), the Company's NeutroTest(TM) technology development partner, will attend the International Defense Exhibition and Conference (IDEX), one of the world's largest and most important exhibitions of security and defense technology, to be held Feb. 12-17 in Abu Dhabi, United Arab Emirates. Representatives from IUT-Berlin will present information at the exposition about the NeutroTest(TM) portable explosive detection prototype device to officials of more than 70 national military and security delegations expected to attend the IDEX conference.
"We are excited to begin the NeutroTest(TM) marketing process," said Mr. Rubizhevsky. "Early feedback from our preliminary marketing efforts on the prototype device has made it clear that there is a real need for a handheld, portable explosive detector such as NeutroTest(TM) to assist first-responders in the evaluation of suspicious packages or suitcases for the presence of concealed explosives. We are eager to interface with decision-makers in the domestic and international security industry. IDEX, with its focus on advanced technology and systems for the military and security industry, is an excellent place to start our formal marketing of NeutroTest(TM). We believe these new marketing efforts will prepare the path for the start of future sales-related processes and activities."
Now in its seventh edition, IDEX has become one of the biggest markets for security and defense equipment in the world, resulting in millions of dollars of contracts, according to conference organizers, with more than 900 journalists and thousands of security industry professionals expected to attend.
"The attendance of Isonics' technology partner, IUT-Berlin, at the IDEX conference provides an important opportunity to explain NeutroTest's unique explosive detection features, capabilities, and applications to a variety of important potential customers and users of the device," said Mr. Rubizhevsky. "Equally important, our meetings with these officials will provide us with critical additional insights into the specific needs of various security and defense marketplaces internationally and will assist in giving direction to future marketing efforts. We look forward to building our relationships with these key decision-makers throughout the defense and security industry."
Dr. Dirk Rondeshagen, a research scientist with the IUT-Berlin, who heads the NeutroTest(TM) development program at IUT-Berlin, will attend the conference to discuss the latest NeutroTest(TM) prototype design. Isonics is developing NeutroTest(TM) at IUT-Berlin's laboratory facilities.
Attendees of the IDEX conference can find IUT-Berlin at booth 322A.
Isonics' NeutroTest(TM) is a next-generation, hand held explosive detection prototype device that uses neutron scanning technology to identify the presence of concealed explosives in packages, suitcases and other containers. The properties of neutron-based systems enable the safe scanning and detection of dangerous materials even when concealed within steel containers. NeutroTest(TM) is designed to be a modestly-priced, lightweight device that can be easily used by first responders as well as security and military personnel to evaluate suspicious packages for the presence of hidden explosives.
About The International Defense Exhibition and Conference
The International Defense Exhibition and Conference (IDEX) is one of the world's largest exhibitions of military equipment for a range of defense systems and equipment. IDEX, held in Abu Dhabi, United Arab Emirates, has become an important platform to declare military contracts, which have direct implications on the commercial and economic sectors in the region. More than 70 international official and military delegations are expected to attend IDEX 2005.
About Isonics Corporation
Isonics Corporation has three business divisions: (1) Isonics Semiconductor, (2) Isonics Life Sciences, and (3) Homeland Security and Defense. Isonics is a world leader in isotopically engineered materials and through its semiconductor division produces isotopically pure silicon-28 chemicals and wafers for the semiconductor industry. Isonics' Life Sciences division markets and sells isotopes to the health care industry for the imaging and treatment of cancer. Stable isotopes can be thought of as ultra pure materials. This high degree of purification provides enhanced properties as compared to natural materials. Our efforts in the Homeland Security segment are nascent at the present time as we proceed to develop further our neutron-based detection technologies. Additional information may be obtained at the Company's Web site at http://www.isonics.com. A presentation about Isonics' NeutroTest(TM) explosive detection prototype can be found at http://www.tril03.com/isonics/madrid.pdf. A video demonstrating the functioning NeutroTest prototype can be viewed at http://www.trilogy-capital.com.edgesuite.net/.
Cautionary Statement
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve 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, 2004, and its quarterly report on Form 10-QSB for the six months ended October 31, 2004, both as 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 the Company's filings with the Securities and Exchange Commission. Isonics cautions investors that there are currently no commercial NeutroTest products, and no guarantee there will be. Isonics has made no NeutroTest sales and no government agency or other person has expressed an interest in purchasing NeutroTest. There can be no assurance that Isonics will be able to manufacture the NeutroTest for the market at a cost and with capabilities that meet the needs of prospective customers.
This announcement may contain forward-looking statements made by senior management of Isonics that involve risks and uncertainties, such as statements about plans, objectives, expectations, assumptions or future events. These statements involve estimates, assumptions, known and unknown risks, uncertainties and performances, or achievements expressed or implied by the forward-looking statements. Actual future results and trends may differ materially from those made in -- or suggested by -- statements made in this announcement due to a variety of factors. Consequently, you should not place undue reliance on any forward-looking statements made in this announcement. For more information about Isonics and risks arising from investing in Isonics, you are directed to the Company's most recent Form 10-KSB filed with the Securities and Exchange Commission.
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CONTACT: Isonics Corporation James E. Alexander, 303-279-7900 or Investor Relations: Trilogy Capital Partners, Inc. for Isonics Corporation Paul Karon, 800-592-6067 paul@trilogy-capital.com
KEYWORD: COLORADO UNITED ARAB EMIRATES INTERNATIONAL AFRICA/MIDDLE EAST TRACK INDUSTRY KEYWORD: MANUFACTURING LEGAL/LAW COMPUTERS/ELECTRONICS AEROSPACE/DEFENSE GOVERNMENT TRADESHOW PRODUCT SOURCE: Isonics Corporation
Copyright Business Wire 2005
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