JMAR Technologies, Inc. (OTCBB: JMAR), a leading innovator in the development and commercialization of sensing systems for the detection of chemical, biological, radiological, nuclear and explosive (CBRNE) materials, today reported that The Johns Hopkins University Applied Physics Laboratory (APL) has awarded the Company a contract to develop two prototype special purpose lasers.
APL solves complex problems that present critical challenges to the United States. The Laboratory's sponsor base includes most of the nation's pivotal government agencies - especially those that protect the country's security. APL has worked on more than 400 programs that protect America's homeland and advance the nation's vision in research and space science, at an annual funding level of approximately $680 million.
"JMAR's reputation for high quality custom lasers continues to grow, evidenced by this win of a very important development contract from the Applied Physics Lab," said C. Neil Beer, Ph.D., JMAR's President and CEO. "This contract also supports our commercialization strategy to leverage JMAR's applications expertise to expand our offering of laser products."
To be added to JMAR Technologies' investor lists, please contact Haris Tajyar at htajyar@irintl.com or at 818-382-9702.
About The Johns Hopkins University Applied Physics Laboratory
The Applied Physics Laboratory (APL), a division of The Johns Hopkins University, is a not-for-profit research and development organization dedicated to solving complex problems that present critical challenges to the nation. Through advanced technology; highly qualified, diverse teams; hands-on operational knowledge; and a basic systems engineering approach, APL achieves affordable, effective solutions. APL's outstanding, creative staff and world-class facilities have made the Laboratory a major asset to the nation for more than six decades.
About JMAR
JMAR Technologies, Inc. (OTCBB: JMAR) is a leading innovator in the development and commercialization of sensing systems for the detection of chemical, biological, radiological, nuclear and explosive (CBRNE) materials. Coupled with its established expertise in building advanced laser systems, JMAR provides solutions for a broad range of military, industrial and commercial applications. The Company draws on more than twenty years of experience and twenty-nine patents in photonics, laser and detection technologies to develop products and solutions that address some of the world's most pressing issues such as water quality, hazard detection and homeland security. JMAR's vision is to continue to develop innovative technologies and products that support the advancement of global health, safety, and security initiatives. For further information on JMAR Technologies, please visit www.jmar.com.
Forward Looking Statements: This news release contains certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a number of factors, including the uncertainty of acceptance in the market for our products and technologies or the acceptance of our customers' products or technologies which incorporate our products and technologies, the failure of our technology to perform as predicted, competition from alternative technologies, uncertainties as to the size of the markets, cost and margins for JMAR's products, current or future government regulations affecting the use of JMAR's products, the lack of availability of critical components, the degree of protection from future patents, other risks associated with the development or acquisition of new products or technologies and those risks detailed in the Company's Form 10-K for the year ended December 31, 2007 filed with the SEC. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. JMAR Technologies, Inc. does not assume any duty to publicly update or revise the material contained herein.
