JMAR Technologies, Inc., has received purchase orders for three READ units from FemtoTrace, Inc. In partnership with FemtoTrace, JMAR is engineering and manufacturing three advanced chemical detection units based on FemtoTrace's READ (Reversal Electron Attachment Detection) technology.
SAN DIEGO — JMAR Technologies, Inc., has received purchase orders for three READ units from FemtoTrace, Inc. In partnership with FemtoTrace, JMAR is engineering and manufacturing three advanced chemical detection units based on FemtoTrace's READ (Reversal Electron Attachment Detection) technology.
Two major utilities, one in the U.S. and one in the U.K., will use the READ units for on-site, real-time environmental applications. The READ instruments will be used to detect the presence of dangerous polychlorobiphenyls (PCBs), with the goal of protecting the environment from this potentially hazardous material. READ will also be used for rapidly locating underground dielectric oil leaks using safe, environmentally friendly perfluorocarbon tracers (PFTs).
The purchase orders expand the original agreement between FemtoTrace and JMAR announced in March 2003, from two Beta units to three, the third of which will be used for demonstrating and validating the capabilities of READ in a critical infrastructure security application.
Ronald A. Walrod, President and Chief Executive Officer of JMAR Technologies, commented, "We are pleased to be moving forward into the next stage in our partnership with FemtoTrace, Inc. We will be working hard to complete all three Beta units this year to meet the demand from FemtoTrace's growing customer base for rapid chemical analysis."
Dr. Jack L. Herz, President and Chief Executive Officer of FemtoTrace added, "We expect that JMAR's participation in our commercialization of this seminal analytical technology will rapidly lead to a family of high quality, real-time instruments for a wide variety of critical applications for deployment around the world."
The three READ Beta units will be built as a pre-production run at a total price exceeding $900,000, and are scheduled for phased delivery in the fourth quarter of 2005 and the first quarter of 2006. The previously announced contract target price for the Beta units has been updated based on knowledge gained from development of the Alpha units.
Located in Pomona, California, and Weston CT, FemtoTrace was incorporated late in 2001 to help meet the urgent need for advanced technology to improve homeland security by commercializing READ technology developed by the NASA/California Institute of Technology's Jet Propulsion Laboratory in Pasadena, California.
About JMAR: JMAR Technologies, Inc. develops laser-based equipment for imaging, analysis and fabrication at the nano-scale. The Company is leveraging over a decade of laser and photonics research to develop a diverse portfolio of products with commercial applications in rapidly growing industries while continuing to carry out research and development for the U.S. Defense Advanced Research Projects Agency (DARPA) and support for the U.S. Government's Defense Microelectronics Activity (DMEA) semiconductor fabrication facility. JMAR also develops, manufactures and markets its BioSentry(TM) microorganism contamination warning system and maintains a strategic alliance for the production of the READ chemical sensor for homeland security, environmental and utility infrastructure industries. The company trades on the Nasdaq National Market under the symbol JMAR.
Source: Business Wire; JMAR Technologies, Inc.
