Ionatron will develop the next generation LIPC system for USN applications, building on advances achieved in performing other LIPC based Government development contracts and performance on an existing U.S. Government contract for a LIPC transportable demonstrator Ionatron is building for another Government customer.
Thomas Dearmin, Ionatron co-founder and CEO, stated, "This new $12.6 million funding line which represents an increase of $9.2 million compared to last year's $3.4 million U.S. Department of Defense congressional appropriation, provides additional resources to accelerate the development of LIPC technology, that could enable our military to counter the new threats across the globe.
We are gratified by the continued support of Congress to bring to market this mission-critical Ionatron LIPC system substantially sooner than otherwise would be possible. These LIPC systems should contribute to the future safety of our Country, our citizens and our armed forces."
Ionatron also announced the successful completion of three program reviews by Government auditors. The three largest contracts Ionatron is currently working on were reviewed by Government contract and program individuals over the past month.
The reviews determined Ionatron is on schedule or ahead of schedule on all three programs. "We are extremely pleased with the reports we received from our Government reviewers," commented Thomas Dearmin.
"We are also on track with our hiring of scientific, technical, and manufacturing personnel, preparation for ISO 9000 registration, our establishment of the Stennis Gulf Coast production facility, and managing our continued growth."