ICx Technologies Wins $12M Follow-On Cerberus Contract For U.S. Army Under BETSS-C
WASHINGTON--(BUSINESS WIRE)--ICx Technologies (NASDAQ:ICXT), a developer of advanced sensor technologies for homeland security, force protection and commercial applications, announced today that it has been awarded a $12 million follow-on contract as part of the U.S. Army's multi-billion dollar Base Expeditionary Targeting and Surveillance Sensors-Combined (BETSS-C) program, which is run by the Asymmetric Warfare Office.
ICx will send additional Cerberus mobile surveillance towers for use at bases in Iraq and Afghanistan. ICx had been previously awarded an order for $14 million under this program.
Cerberus is a fully integrated mobile surveillance unit that combines advanced, high-resolution radars with thermal and imaging cameras on a common software platform, making it easier to identify and track potential intruders. Cerberus allows for advanced security by providing superior situational awareness. ICx developed Cerberus jointly with the Army's RDECOM, CERDEC Night Vision, Electronic Sensors Directorate and Customs and Border Patrol.
"We at ICx are pleased to continue to support our armed forces in Iraq and Afghanistan," said Adam Strange, president of ICx Tactical Platforms business unit. "We are proud of the functionality of our units, and see this repeat order as great confirmation. Just like on the U.S.' Southern border, Cerberus again has proven its tried-and-trusted performance."
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, 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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