ICx Technologies' proprietary sensors detect and identify chemical, biological, radiological, nuclear and explosive threats.

Press Release

West Lafayette, Ind. -- Officials of Griffin Analytical Technologies are pleased to announce that its parent company, ICx Technologies, is now trading on NASDAQ under the symbol "ICXT," following the initial public offering on Nov. 8.

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.

Source: Purdue Research Park