U.S. Army Awards ICx Technologies $9.4 Million Contract as Lead Technology Integrator for the Joint Force Protection Advanced Security System (JFPASS)
WASHINGTON (Dec. 3, 2008) - ICx Technologies (NASDAQ: ICXT), a developer of advanced sensor technologies for homeland security, force protection and commercial applications, has been awarded a three-year, $9.4 million base contract by the U.S. Army RDECOM Contracting Center.
The award was presented as a single contract for systems engineering, analysis, and the integration of force-protection technologies into the JFPASS Joint Capability Technology Demonstration (JCTD).
ICx Technologies is the prime contractor but will be supported by a team of recognized subcontractors. In its lead technical role, ICx will be integrating some of its own sensor technologies along with numerous technologies from other manufacturers, covering perimeter-security detectors, CBRNE sensors and mobile sensors on manned and unmanned platforms such as UGVs. In addition to simple integration, ICx will also be developing sensor fusion and command-and-control logic-based algorithms to automate and speed up the link between the sensor information that comes in and the resulting emergency- and incident-response capabilities.
"The JFPASS JCTD program is a tremendously exciting opportunity for ICx," said
Colin Cumming, chief technology officer of ICx. "JCTD programs are strategically important R&D efforts as they represent next-generation concepts and technologies," he continued. "In this case, we will be building the next generation force protection system for the Joint Forces utilizing our Cohesion IFTM product, along with a number of other technologies."
"A large part of our vision as a company has been to provide integrated solutions to our customers and, in the process, to bridge the gap between physical force protection and the CBRNE [chemical, biological, radiation, nuclear and explosives] sensor-based world," said Hans Kobler, chairman and CEO of ICx. "JFPASS is an opportunity for us demonstrate our capabilities and build this solution for the Department of Defense," he added.
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of sensor systems that enhance perception and awareness. The Company’s advanced thermal imaging and threat detection systems are used for a wide variety of imaging, thermography, and security applications, including airborne and ground-based surveillance, condition monitoring, research and development, manufacturing process control, search and rescue, drug interdiction, navigation, transportation safety, border and maritime patrol, environmental monitoring, and chemical, biological, radiological, nuclear, and explosives (CBRNE) detection. Visit the Company's web site at www.FLIR.com.
The statements in this release by Earl R. Lewis, and the other statements in this release about the award described above, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: the ability to manufacture and deliver the systems referenced in this release, changes in demand for the Company's products, product mix, the timing of deliveries under the award discussed above, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, the ability of the Company to manufacture and ship products in the time period required, actual purchases under agreements, the Company's continuing compliance with U.S. export control laws and regulations, the timely receipt of export licenses for international shipments, the continuing eligibility of the Company to act as a federal contractor, and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes made to this document by wire services or Internet service providers.
All trademarks, registered trademarks and service marks are the property of their respective owners.
Media Contacts
Angel Bennett
FLIR, Systems, Inc.
2800 Crystal Drive, Suite 330
Arlington, VA 22202
angel.bennett@flir.com