WASHINGTON - ICx Technologies (NASDAQ: ICXT), a developer of advanced sensor technologies for homeland security, force protection and commercial applications, announced today that its advanced research and development lab, located in Grants Pass, Ore., has been named one of the 21 most innovative firms in Southern Oregon by the Southern Oregon Regional Economic Development, Inc. (SOREDI). Recognition of ICx Technologies' presence and continued growth in Southern Oregon will be showcased at the annual event on June 25, and the General Manager of the lab, Robert Beckius, will speak at the dinner, which is themed, "Innovative Southern Oregon - Powered by Talented People." The lab initially won a $3.4 million Department of Homeland Security R&D contract in 2006 to develop a sophisticated and highly sensitive trigger for low-cost, bio-aerosol detection, and is now working on the next-generation of this advanced technology. Such triggers are used, for example, in ICx Technologies' AirSentinel®, a sensor that detects biological threats and particulate-levels in office buildings. SOREDI (Southern Oregon Regional Economic Development, Inc.) is committed to developing and nurturing economic partnerships among private, community, and public entities that will collectively build employment opportunities, diversify the economy, and promote the creation of jobs with wages and benefits higher than the regional average. "The timber industry and tourism are, historically, the economic drivers in Southern Oregon," said Beckius, "so we're extremely proud to receive this recognition, and we hope our efforts, along with SOREDI's continued work, will help bring awareness and sustainable high-tech jobs to this part of the country." 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 andentify chemical, biological, radiological, nuclear and explosive threats, and deliver superior awareness and actionable intelligence for wide-area surveillance, intrusion detection and facility security. By leveraging our unparalleled technical expertise, ICx pioneers the integration of these advanced sensors into effective security and commercial solutions. 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. All trademarks, registered trademarks and service marks are the property of their respective owners. For more information, contact: Vicki Contavespi, Public Relations Director ICx Technologies, Inc. 2100 Crystal Drive, Suite 650 Arlington, VA 22202 Phone: (703) 678.2136 Email: vicki.contavespi@icxt.com
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ICx Technologies' Advanced BioDefense R&D Lab Named One of Southern Oregon's Most Innovative Companies
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