A recent trace detection market study by Frost & Sullivanconfirms that ICx Technologies is the market leader in handheld explosives detection. According to the report, the U.S. handheld explosives detection market is estimated to total $451.1 million between 2008 and 2013. The report confirms ICx Technologies as the leader in the handheld detection market segment in 2008 due to Army sales of itsFido® XT™, TSA sales of the Fido® PaxPoint™ , and sales of its UGV mounted Fido® OnBoard™.
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. 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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Media Contact: Vicki Contavespi, Public Relations Director ICx Technologies, Inc. Phone: 703.678.2136 Email: vicki.contavespi@icxt.com