Ionatron Inc., a
next generation controlled energy technology company
today announced that it has signed an agreement with Mason
Technologies Inc., the operator of the Mississippi Army Ammunitions
Plant at the Stennis Space Center located on the Gulf Coast in
Mississippi. It is anticipated that the Company will complete its move
to the facility during the first half of 2005.
Ionatron is working with the Department of the Army ARMS program
to secure the approximately $2 million required to prepare the
decommissioned Ammo plant for Ionatron’s specific production
requirements. The Company has the right to terminate the lease,
without liability, if Mason Technologies does not receive the funding
from the Army.
Mississippi Governor Haley Barbour stated, “Ionatron is the kind
of high tech company we are delighted to attract to Mississippi.”
“This is going to be good for South Mississippi, and I know all of
Mississippi will be proud when Ionatron rolls out their first vehicle
that can fire laser guided lightning. I can only imagine how
Ionatron’s technology will help protect freedom around the globe.”
Ionatron believes its technology has numerous applications desired
by all branches of the U.S. military and other U.S. government
organizations interested in security and anti-terrorism. Ionatron’s
innovative directed energy technology will play a critical role in
America’s continued war on terrorism and in other conflicts.
Ionatron’s new facilities at Stennis, coupled with the surrounding
labor pool of the Gulf Coast, will help speed Ionatron’s transition
from the development stage to manufacturing. Ionatron expects to
employ hundreds of individuals by the end of 2005, many slated to come
from the local Gulf Coast area.
“Safe Harbor” Statement under the Private Securities Litigation
Reform Act of 1995:
Certain statements contained in this News Release constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve a number of known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of the company to be materially different from any
futures results, performance or achievements expressed or implied by
such forward-looking statements.
Such factors include, but are not limited to: the risks of
uncertainty of patent protection; the risks of uncertainty of
strategic alliances; the risk and uncertainty of management tenure;
the impact of third-party suppliers’ manufacturing constraints or
difficulties; management’s ability to achieve business performance
objectives, market acceptance of, and demand for, the Company’s
products, and resulting revenues; development of technology and
manufacturing capabilities; impact of competitive products and
pricing; litigation and other risks detailed in the company’s filings
with the Securities and Exchange Commission. The words “looking
forward,” “believe,” “demonstrate,” “intend,” “expect,” “estimate,”
“anticipate,” “likely” and similar expressions identify
forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of
the date the statement was made. Ionatron undertakes no obligation to
update any forward-looking statements contained in this news release.
