ICx Technologies completes initial stock sale to the public

Parent company of Indiana-based Griffin Analytical now traded on NASDAQ

Griffin Analytical, a wholly owned subsidiary of ICx Technologies since 2005, is based at the Purdue Research Park in West Lafayette, Ind. Griffin Analytical was founded in late 2001, secured Series A funding in 2003 and was acquired by ICx in late 2005. Operating as part of the Detection Division within ICx, Griffin provides premium class, on-site chemical detection products focused the security and environmental monitoring markets. 

"An IPO is an exceptional milestone for any company," said Dennis J. Barket Jr., president and CEO of Griffin. "Griffin is proud to be part of the ICx team." 

Griffin is the first company in the Purdue Research Park to engage in the incubation process, combine with a private company and then have the parent company go public.

Griffin's patented technology, exclusively licensed from Purdue's Office of Technology Commercialization, provides the key component in a family of portable mass spectrometers. Traditionally, chemical analysis has been a time-consuming process requiring transportation of samples to a central laboratory. Griffin's technology takes the "laboratory to the field" and is used by the Department of Homeland Security and the Department of Defense, among others.

"Griffin's innovation has made the lab-to-sample model a reality," said Joseph B. Hornett, senior vice president, treasurer and COO of the Purdue Research Foundation. "It commercialized real-time, on-site mass spectrometers, which are the gold standard for chemical analysis."

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. By leveraging our unparalleled technical expertise, ICx pioneers the integration of these advanced sensors into effective security and commercial solutions.

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. 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.

All trademarks, registered trademarks and service marks are the property of their respective owners.

To the Purdue Research Park, https://www.purdueresearchpark.com

Purdue Research Park contact: Cynthia Sequin, (765) 494-4192, casequin@prf.org

Media Contacts: Matthew Langan
T+ 202-298-7600, ext 219
F+ 202-298-9050
Matthew@dbcpr.com