Ionatron, Inc. (NASDAQ:IOTN)
Industry: Technology

Listed 32 Consecutive Market Days. On List as of 01/24/2006 Through 03/10/2006

Ionatron, Inc. develops and markets directed energy weapon products and other products incorporating its Laser Induced Plasma Channel (LIPC) and related technologies. The Company and the United States Government have entered into several contracts for products and services, as well as co-operative research and development agreements for joint research on LIPC-based directed energy weapons. During the year ended December 31, 2005, Ionatron continued development of laser sources, advanced high-voltage systems, special-purpose optical systems and expanded target effects testing under United States Government contracts. Additionally, in 2005, it developed a counter improved explosive device (IED) vehicle for use in Iraq called the Joint IED Neutralizer (JIN). In April 2005, Ionatron took occupancy of its manufacturing facility at the NASA Stennis Space Center, which was utilized for the manufacture of its JIN units. Ionatron is a technology company working under contracts with agencies of the United States Government focused on national security. Its LIPC technology is designed as a line of sight weapon, which enables the propagation of various forms and quantities of electrical energy to be aimed and directed at a target or between two points. Laboratory demonstrations of the technology have ranged from low-voltage disruptive energies up to very high voltages and currents causing physical damage. The Company has had meetings and performed demonstrations of the LIPC technology for all branches of the United States Military, as well as many other United States Government organizations involved in various defensive, offensive or anti-terrorism military type operations. It has many contracts in the negotiation stage and has United States Government customers actively seeking short-term and long-term funding for its projects. In order to help manage Ionatron's interface with its Government customers and congressional funding counterparts, it maintains an ongoing relationship with a Washington, D.C.-based government relations firm. The Company is in negotiations with various vendors to supply, to its specifications, the various support and auxiliary system requirements. After subsystems and components are delivered from outside vendors, they are then assembled and integrated at Ionatron to produce the final integrated LIPC systems. These LIPC systems are being designed as all-electric, self-contained modular units that can operate off of existing electrical power generation systems found on typical mobile military platforms. Due to the low-average power requirements of LIPC systems, no additional or exotic power generation systems are required. The targets, effects, ranges, voltages and currents delivered, along with many other aspects of the technology are classified under specific Department of Defense guidelines. The Company, through its subsidiary, North Star Power Engineering, Inc. (North Star), is engaged in the business of designing and manufacturing a range of high-voltage equipment for the defense, aerospace, semi-conductor and medical industries. North Star has ongoing contracts for research and development with government customers, such as the United States Air Force, Sandia National Laboratory and Los Alamos National Laboratory. The Company's revenue is derived from contracts with the United States Government or contractors to the United States Government, which represented approximately 96% of its total revenue in 2005. All contracts are subject to renegotiation of profits or termination at the election of the Government.

Current Quote*
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Change: 0.000
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As Of: 10/07 00:00 ET
*Quotes delayed by 20min.

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