23.03.2010 16:16:00
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ICx Technologies Wins $3 Million SCADA Contract with the Tennessee Valley Authority (TVA)
ICx Technologies, Inc. (Nasdaq GM: ICXT), announced today that it has been issued a blanket $3 million contract from the Tennessee Valley Authority (TVA), the largest public power company in the United States, for remote terminal units (RTUs). TVA has selected the Callisto™ Edge™ from ICx as a small RTU to deploy throughout their supervisory control and data acquisition (SCADA) system.
Edge is the latest generation in SCADA RTU technology. Designed as a technologically advanced yet cost effective solution, Edge remote modules will help increase power system visibility for the Tennessee Valley Authority. The equipment will support real-time data acquisition and control of the TVA power system as well as operational and non-operational power system data. Edge modules will be deployed in substation and pole-mount environments throughout the TVA system to help meet the need for increased data concerning system efficiency and effectiveness.
"Our Edge remote terminal units provide an economical option for increased power system data monitoring,” said David Green, general manager of ICx Control Systems, a business unit of ICx Technologies. "Incorporating powerful RTU technology, the Edge product is the culmination of our distribution automation efforts over the last twenty years and is well suited to address applications created by the Smart Grid segment of the recent economic stimulus package. We look forward to working with TVA on their automation efforts.”
The Callisto product suite includes an array of SCADA modules that perform complex control and monitoring functions, powerful stand-alone remotes that combine the capabilities of multiple modules and application-specific solutions that directly address the needs of today's electric utilities.
The entire line of ICx SCADA products will be on display this week at DistribuTECH in Tampa, FL, booth number 213. For more information on SCADA products from ICx, visit http://daq.icxt.com.
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. We then leverage our unparalleled technical expertise and government funding to address other emerging challenges of our time, ranging from a cleaner environment and alternative energy to life science.
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.
The above mentioned contract does not guarantee future revenues and is subject to significant risks and uncertainties which are difficult to predict. Actual results may differ due to a variety of factors, including, without limitation, changing priorities in government budgets, termination due to unilateral government action, and differences in actual and anticipated contract performance, including performance by ICx and other contractors, suppliers and subcontractors.
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.
The contract and its contents do not necessarily reflect the position or the policy of the US Government, and no official endorsement should be inferred.
All trademarks, registered trademarks and service marks are the property of their respective owners.
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