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It cost more to the buyer's last few days with this kind of volume.....GLTA
Does anybody have any news or information about this so called "ISON" which I had bought total of 65000 averaging 0.23 cent each...Lord knows when it will come out of sleep.....Still hopeful....007
Kongaloosh 'all
What be the status of our little ISONICS security service?
I thought Ison was a 9-11 play not long ago. Bomb sniffers etc. What happened?
good money for sure..
I don't know who's trading now, sold my .001's betwn .01-.017.
looks like it's time to get back in.
who is trading this? .004 up to .009 good money to be made
WOOOOWWWW!!! up 500% and no one here!!!!!! rof
COME ON YOU GUYS!!!!!!! WEEEEEEEEEEEEE!!!!
COME ON YOU GUYS!!!!!!! WEEEEEEEEEEEEE!!!!
I guess I'm all by my lonely....???
Noone coming to the Party!
01/08/2008 13:38:00|A||ISON||Isonics Corporation Common Stock|01/09/2008|From NBB (ISON)**|||U|Y|
http://www.otcbb.com/dailylist/txthistory/BB01082008.txt
Isonics Corporation Announces 94% Increase in Fourth Fiscal Quarter Revenue in Semiconductor Segment
Monday May 21, 10:00 am ET
Semiconductor Segment EBITDA of $800,000 Represents $1.2 Million Quarterly Improvement
GOLDEN, Colo.--(BUSINESS WIRE)--Isonics Corporation (Nasdaq: ISON - News), a provider of innovative solutions for the homeland security and semiconductor markets, announced today that it expects to report unaudited revenue for its semiconductor products and services segment (the semiconductor segment) of approximately $3.7 million for the quarter ended April 30, 2007, a 94% increase as compared to $1,906,000 for the same quarter in the year-earlier period.
As a result of the increased revenue and improved operating efficiencies, the Company expects to report its fourth consecutive quarter of positive EBITDA (unaudited) for its semiconductor segment. The Company expects to report EBITDA of approximately $800,000 for the quarter ended April 30, 2007 compared to $(412,000) for the quarter ended April 30, 2006. The Company also expects that the semiconductor segment will report its third consecutive quarterly operating profit (unaudited), of approximately $350,000 compared to an operating loss of $(777,000) for the quarter ended April 30, 2006.
For the year ended April 30, 2007, Isonics expects to report from its semiconductor segment revenue of $13 million, EBITDA of $2 million and operating income of $375,000, compared to revenue of $5,731,000, negative EBITDA of $(3,700,000) and an operating loss of $(5,151,000) for the fiscal year ended April 30, 2006.
"We've had a fantastic year; the dramatic turnaround reflects our ability to more efficiently deliver higher quality products for our customers," said Joanna Lohkamp, General Manager of Isonics' semiconductor segment. "This year we successfully met our stretch goals, significantly improving yields, capabilities and overall manufacturing performance. These improvements, along with our unwavering responsiveness to customers' current and future requirements, have enabled us to compete with the top tier of 300mm reclaim providers, secure new customers and expand relationships with existing ones. In addition to focusing on our volume products, we've continued to develop niche product capabilities, including ultra-thin (down to 100um) 300mm wafers for improved thermal performance. As we look forward to the coming year, we remain highly focused on further growth in capacity, capabilities, and operating results."
The Company believes that the use of Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) is relevant and useful information to our investors as this non-GAAP measure is a critical part of our internal management reporting and planning process. Additionally, the Company believes that providing this non-GAAP information to its investors, in addition to the GAAP presentation, provides investors the benefit of viewing the Company's performance of its semiconductor segment using the same financial metrics that the management team uses in making many key decisions and understanding how this segment may look into the future. While this non-GAAP measure provides useful information to investors, it should not be used as a substitute for GAAP measurements. The following table (unaudited) reconciles EBITDA to operating income(loss), the most directly comparable GAAP financial measure, for the Company's semiconductor segment.
Three months ended Year ended April 30,
April 30,
2007 2006 2007 2006
---------- ---------- ------------ ------------
EBITDA $ 800,000 $(412,000) $ 2,000,000 $(3,700,000)
Depreciation and
amortization (450,000) (365,000) (1,625,000) (1,451,000)
---------- ---------- ------------ ------------
Operating income
(loss)* $ 350,000 $(777,000) $ 375,000 $(5,151,000)
* The GAAP measure "operating loss" does not include charges for
interest or taxes
About Isonics Corporation
Isonics Corporation has three business divisions: (1) Homeland Security and Defense (2) Semiconductor Products and Services, and (3) Life Sciences (which is currently in the process of being divested). Isonics is a leader in isotopically engineered materials and through its semiconductor division, it provides 300-millimeter products and services, wafer thinning and silicon-on-insulator wafers, for the semiconductor industry. Isonics' Life Sciences division markets and sells isotopes to the health care industry for the imaging and treatment of cancer. Additional information may be obtained at the Company's Web site at www.isonics.com.
Cautionary Statement
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve estimates, assumptions, known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB for the year ended April 30, 2006 and reports subsequently filed with the Securities and Exchange Commission, which include the Company's historical cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in these filings with the Securities and Exchange Commission.
Contact:
For Isonics Corporation
CEOcast, Inc.
Andrew Hellman, 212-732-4300
Source: Isonics Corporation
just kidding...no wait....am I?
Oh man....don't you know? Another split is coming....5-1!!! HAHAHAH.
Hey! I almost forgot! What's $2.03 divided by 4?
about... fiddy cents...
Nice one year chart too... there seems to be a recurring pattern...
Wonder if they sold any IMS units yet? Ahahahahahaaa! Hey... it's ONLY February 2007, Boy! people have such high expectations... you mean... after they put out a PR about something... they're supposed to SELL IT??? Nobody told me about this! Why wasn't this on the memo!
IMHO?
nice PR today - I've seen that one before... so... when's the next round of financing? LOL!
Really cool that Jim and Boris rode off into the sunset with such nice severance packages and now they have a new PART TIME CEO! It just doesn't get better than this!!! Since the CEO is connected to the Lucent project, I wonder if they will simply dump the "Homeland Security" segment since... it apparently never existed in the first place... Pfft! Wonder how many millions of shares Cornell will get to play with - at 20% off - at least, they might get an even better deal, say 30% off because they agreed not to push the default issue so... Really... isn't this the greatest stock in the history of mankind? I bet poor Kuka bought more shares today... but he has so much experience watching the stock dive below the price he purchased at - never to return - that he probably doesn't expect any different. Money is something to be tossed into the fire and BURNED, REPEATEDLY... of course, IMHO or in my most humble opinion... what the hell do I know?
Reverse split follwoed by a drop...you were right.
This sucker's about to CRATER.
God, I had forgotten about this board... the moneyflow the last 2 days has been... hellacious...
Who wants to bet that the stock will magically be around 25 cents when they do the reverse split? so then it will trade right around a buck, put out a few PR's... suck a few more people in... classic ISON...
in my MOST humble, "so... what "Homeland Security" products ARE they selling? It's ONLY February 2007." opinion... IMHO or Pfft!
Why don't you work on developing something that is not in great use yet, but will change the way we detect a threat or gather intelligence.
Develop a silent unmanned drone that can fly at low altitude without detection. One that can sweep boarders, cradle themselves for recharging, and communicate positioning between themselves. Basically an army of planes and/or field drones that can recon without intervention, and relay intelligence as needed.
If you do battery verses fuel, you won't have exhaust noise, and you only have to silence the motor. Maybe even fill the aircraft with helium (or another lightweight gas) so it won't take as much power to stay aloft which will reduce the amount of air produced by the propellers and make a quieter vehicle. Lightweight foam body with radar absorbing underbelly and electronics make up the Owl! Boat and Airplane manufacturers already use a foam composite for construction to keep weight down, so this should not be too difficult to accomplish.
Use intelligent software to sense wind and use that for lift and propulsion like a glider when you can, further reducing the need for a high output motor (at least at all times).
You can equip these and other unmanned field drones with Taser darts to subdue enemy combatants.
Make these small enough and cheap enough, they can have many applications. How about in combat? It would be very nice for soldiers, while in the city, to have quick eyes in the sky to flush out snipers? Or infrared to quickly identify human ambushes. They can jam radios, and dispense high pitch sounds to disorient enemy combatants.
Many applications!! Or you can continue down the path EVERYONE else is!!
Just some thoughts guys.
Richard
Isonics Announces Results of Board of Directors Meeting
Monday January 29, 1:16 pm ET
Company to Divest Life Sciences Division and Effect Stock Split to Maintain Continued Listing on Nasdaq
GOLDEN, Colo.--(BUSINESS WIRE)--Isonics Corporation (NASDAQ:ISON - News), a provider of innovative solutions for the homeland security and semiconductor markets, announced today results of a meeting of its Board of Directors. At the meeting, the Board reaffirmed its decision to complete a 1 for 4 reverse stock split as part of a plan to maintain Isonics' continued listing status on the Nasdaq and decided to exit the Company's legacy life sciences business.
The Company determined that life sciences is no longer strategic to its objective to build a sustainable, long-term business and has elected to sell its life sciences business in order to focus management and Company resources on more rapidly-growing and higher potential opportunities in the semiconductor and homeland security product areas.
"During the past two years, the life sciences division has faced a challenging operating environment which has required a significant amount of management time and effort. We believe the sale of the business will improve our overall operations and heighten our focus on developing our core business units," said James Alexander, Isonics' Chairman & CEO.
Isonics has begun the process to complete a reverse split with a record date of February 13, 2007. The reverse split, which was approved by the shareholders on January 2, 2007, is one of the steps that the Company believes is necessary to allow the Company to maintain its listing on the Nasdaq Capital Market. The Company was notified on January 12, 2007 that its common stock was not in compliance with the $1.00 per share minimum bid price requirement for continued inclusion under Nasdaq Marketplace Rule 4310(c)(4) and is subject to delisting from the Nasdaq Capital Market. The Company subsequently applied for, and was granted, a hearing scheduled for March 1, 2007 for a determination on whether to grant continued listing of Isonics' stock on the Nasdaq Capital Market. Isonics cannot offer any assurance that the reverse stock split itself will be sufficient to maintain its listing.
This stock seems to move up on "no bad news". I can't imagine what good news, like a contract, would do.
ISON need to be granted some contracts. :)
Isonics granted Nasdaq hearing on continued listing status
If the company gets the 180 day extension tomorrow, we'll do well IMO, because the delisting pressure will be off. Also the warrants expired.
Based on the pps increase before the letter I wouldn't be surprised if we climbed over a dollar. And most importantly, once the delisting pressure subsides so will the probability of a R/S.
The other thing is that the levels we're at right now have to be near what we would get if they spun off their silicon manufacturing. That's the cash cow that's keeping us afloat.
Best of luck tomorrow, ISON.
I don't know how much longer this company can hold. None of the sectors are huge and homeland security, even with the BIG name BODs, has not produced anything of real value.
I had such high hops for them!!
I've also suggested that they build their own drone for border security. Motion detection, infrared, bomb and drug detection!!!
This would do well I think!! The detection would take some close proximity and that might be unsafe for the drone :(
I thought that NASDAQ letter was going to hit a bit harder this morning. The bashers were certainly out on the yahoo board.
Class B and C Warrants have expired.
Looks like stock is going up on this news, would be good to update the board.
Isonics Announces Expiration of Class B and Class C Warrants
Wednesday January 3, 7:00 am ET
GOLDEN, Colo.--(BUSINESS WIRE)--Isonics Corporation (NASDAQ: ISON - News), a developer of innovative solutions for the homeland security and semiconductor markets, announced today the expiration (effective December 29, 2006) of the Class B and Class C warrants, which allowed holders to exercise warrants to purchase up to 3.4 million shares of the Company's common stock.
"We believe the expiration of these warrants will reduce potential dilution for shareholders, simplify our capital structure and possibly remove an overhang which has adversely impacted the price of our stock," said John V. Sakys, Isonics Corporation's Chief Financial Officer.
About Isonics Corporation
Isonics Corporation has three business divisions: (1) Homeland Security and Defense (2) Semiconductor, and (3) Life Sciences. Isonics is a world leader in isotopically engineered materials and through its semiconductor division produces isotopically pure silicon-28 chemicals, silicon-on-insulator wafers, wafer reclaim services and test wafers, including 300mm, for the semiconductor industry. Isonics' Life Sciences division markets and sells isotopes to the health care industry for the imaging and treatment of cancer. Stable isotopes can be thought of as ultra pure materials. This high degree of purification provides enhanced properties as compared to natural materials. Our efforts in the Homeland Security segment are nascent (notwithstanding our operations at Protection Plus Security Corporation) at the present time as we proceed to develop further our IMS and neutron-based detection technologies. Additional information may be obtained at the Company's Web site at www.isonics.com.
Cautionary Statement
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve estimates, assumptions, known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB for the year ended April 30, 2005 and reports subsequently filed with the Securities and Exchange Commission, which include the Company's historical cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in these filings with the Securities and Exchange Commission.
Contact:
Isonics Corporation
James E. Alexander, 303-279-7900
or
CEOcast, Inc.
Andrew Hellman, 212-732-4300
Insects Trained to Sniff Out Poisons, Explosives
http://www.foxnews.com/printer_friendly_story/0,3566,177671,00.html
TIFTON, Ga. — Trained wasps could someday replace dogs for sniffing out drugs, bombs and bodies. No kidding.
Scientists say a species of non-stinging wasps can be trained in only five minutes and are just as sensitive to odors as man's best friend, which can require up to six months of training at a cost of about $15,000 per dog.
With the use of a handheld device that contains the wasps but allows them to do their work, researchers have been able to use the insects to detect target odors such as a toxin that grows on corn and peanuts, and a chemical used in certain explosives.
"There's a tremendous need for a very flexible and mobile chemical detector," said U.S. Department of Agriculture entomologist Joe Lewis, who has been studying wasps since the 1960s. "Our best devices that we have currently are very cumbersome, expensive and highly fragile."
The "Wasp Hound" research by Lewis and University of Georgia agricultural engineer Glen Rains is part of a larger government project to determine if insects and even reptiles or crustaceans could be recruited for defense work. That project has already resulted in scientists refining the use of bees as land-mine detectors.
Through the years, Lewis and a USDA colleague, J.H. Tumlinson, discovered that a tiny, predatory wasp known as microplitis croceipes had relied on odors to locate nectar for food and hosts for its eggs — caterpillars that damage crops.
While they don't sting humans, the female wasps use their stingers to deposit eggs inside caterpillars, producing larvae that eventually kill the caterpillars.
The scientists also discovered that plants being attacked by the caterpillars give off SOS scents to attract the all-black wasps and that the quarter-inch-long insects could be trained to associate other odors with food and prey.
"They have to be good detectors, because their whole survival depends on it," Lewis said.
Rains said the wasps can be trained to detect a specific odor very quickly. The researchers expose hungry wasps to the target odor, then let them feed on sugar water for 10 seconds and then give them a one-minute break. After three repetitions of sniffing and feeding, the wasps associate the odor with feeding.
Since the scientists couldn't put leashes on their trained wasps, they needed a way to contain them while monitoring their reactions to odors.
Enter the Wasp Hound — a 10-inch-long plastic cylinder made of PVC pipe with a hole in one end and a small fan on the other. Inside is a Web camera that connects to a laptop computer for monitoring the behavior of five wasps housed in a transparent, ventilated capsule.
When the wasps detect a target odor, they converge around the vent, creating a mass of dark pixels on the computer screen. Otherwise, they just hang out inside the capsule.
They can work for as long as 48 hours, and then they're released to live out their remainder of their two-to three-week life span.
"What we have ... is a technology-free organism that you can quickly program and use in a highly mobile way," said Lewis, who believes the Wasp Hound could be used to search for explosives at airports, locate bodies, monitor crops for toxins and detect diseases such as cancer from the odors in a person's breath.
"They're very cheap to produce and very sensitive," Rains said of the wasps. "Dogs take months to train and they need a specific handler. Wasps can be trained on the spot."
Rains believes the Wasp Hound could be available for sale in three to five years. He and Lewis are still exploring ways to breed more wasps and to train hundreds simultaneously.
"We've done enough on it to know it's technically feasible to do that," Lewis said. "It's just a matter of completing and refining the methodology."
Lewis believes many other types of invertebrates — bees, other types of parasitic insects, even water bugs — can be trained to sniff out trouble.
"It's opened a whole new resource for invertebrates as biological sensors," he said.
Other scientists also are working to harness the sniffing power of insects.
In 2002, the Pentagon considered fitting sniffer bees with transmitters the size of a grain of salt to locate explosives and relay that information wirelessly to laptop computers.
A British firm, Inscentinel Ltd., sells trained bees and mini-hives where the insects' response to scents from natural and man-made chemicals can be monitored. The company says the system can be used to screen for explosives, drugs, chemical weapons, land mines and for food quality control.
Jerry Bromenshenk, a research professor at Montana State University, is using bees for mine detection. The bees congregate over mines or other explosives and their locations are mapped using laser-sensing technology.
"Insects and their antennae have an olfactory system that is pretty much on a par with a dog," Bromenshenk said. "They're a whole lot more plentiful and a lot less expensive to come by."
Bromenshenk said bees may be more appropriate for open areas, while the Wasp Hound may be better in buildings.
"The difference is that we let our bees free fly," he said. "That's not good in confined areas like an airport."
So much for HIGH TECH huh?? LOL
Any longs here and how do you feel about ISON going forward?
thanx,
plastipunk
Isonics Corporation's Homeland Security Division Delivers First Commercial IMS Chemical and Explosive 'Sniffer' Products
http://biz.yahoo.com/bw/061120/20061120005317.html?.v=1
Cornell Sucker!!
Nov 20, 2006 (financialwire.net via COMTEX) -- November 20, 2006
(FinancialWire) Isonics Corp. (NASDAQ: ISON) has reported to the SEC that
Cornell Capital Partners has completed purchase of a 6% secured convertible
debenture, for an amount of $3 million.
Cornell has, to date, acquired three such debentures for an aggregate amount of
$16 million. All three are due May 30, 2009.
Isonics stated that it intended to use the proceeds to continue expanding its
semiconductor business and further develop and commercialize its homeland
security products.
Isonics Corporation was enrolled in Investrend Research former affiliate's
professional analyst program. Complete information is available at the company's
InvestorPower page, which is accessible from
http://www.investrend.com/company/list.asp?sPathParam=yes
For up-to-the-minute news, features and links click on
http://www.FinancialWire.net
Look at the middle robot
http://irobot.com/
EMC-3D Consortium Created for the Development of Cost-Effective 3D Thru-Silicon-Via Interconnect
Wednesday October 11, 3:00 am ET
Equipment Providers, Materials Companies and Researchers Join in an International Consortium to Address Complex Integration of Thru-Silicon-Via (TSV) 3D Chip Interconnect
SALZBURG, Austria, Oct. 11 /PRNewswire-FirstCall/ -- EMC-3D is a new consortium created to address the technical and cost issues of creating 3D interconnects using TSV technology for chip stacking and MEMS/sensors packaging. Several major equipment manufactures have joined with material companies to work with key research groups to address the issues of cost-effective manufacturing and integration. Equipment companies initiating the consortium are Alcatel (Paris: CGEP.PA and NYSE: ALA), EV Group, Semitool (Nasdaq: SMTL - News) and XSiL.
Associate research members include Fraunhofer IZM, SAIT (Samsung Advanced Institute of Technology), KAIST (Korea Advanced Institute of Science and Technology) and TAMU (Texas A&M University). Material members include Rohm and Haas, Honeywell, Enthone, and AZ with wafer service support from Isonics (Nasdaq: ISON - News).
The consortium will develop processes for creating micro vias between 5 and 30um on thinned 50um 300mm wafers using both via-first and via-last techniques. Major processes being integrated into the EMC-3D program are via etch and laser drill, insulator/barrier/seed deposition, micro via patterning with RDL capabilities, high aspect ratio Cu plating, carrier bonding, sequential wafer thinning, backside insulator/barrier/seed deposition, backside lithography, backside contact metal plating, chip-to-wafer placement and attach, and dicing. In addition, wafer-to-wafer attach, dicing and de-bonding will also be demonstrated. Cost of ownership goal for the integrated 3D process is $200usd per wafer.
About EMC-3D (or EMC3D)
EMC3D (Semiconductor 3D Equipment and Materials Consortium) was created in September 2006 to develop a new 3D market and technology by demonstrating a cost-effective, manufacturable, stackable TSV interconnection process. TSV processes will be developed for chip integration and MEMS/sensor packaging that are based on plated metal electrodes and thinned wafers. For more information, see www.EMC3D.org.
Contacts for EMC3D Members include:
Equipment Members:
Alcatel, France; (Paris: CGEP.PA and NYSE: ALA) Jean-Marc Gruffat, Director of Business Development
Technology: Si and dielectric etching using DRIE
EV Group, Austria; Thorsten Matthias, Director of Technology North America
Technology: bonding, thin wafer handling, mask alignment lithography,
conformal coat and develop
Semitool Inc, USA; (Nasdaq: SMTL - News), Bioh Kim, Director of 3D Interconnect
Technology: electroplating, metal/barrier etch, photoresist strip,
wafer cleaning and thinning
XSiL Ltd, Ireland; Richard F. Toftness, Vice President of Business Development
Technology: Si laser machining, via drilling, and wafer dicing
Isonics Corp, USA; (Nasdaq: ISON - News) Kim Bell, Director of Sales
Technology: wafer service (reclaim and test wafers, wafer thinning,
and thick-film SOI wafers)
Materials Members:
AZ Electronic Materials, USA; Aldo Orsi, Global Product Manager
Technology: positive and negative acting photoresists
Enthone (Cookson Electronics), USA; Kristian Story, Key Account and Regional Line Manager
Technology: chemistry for electroplating and metal etch
Honeywell Electronic Materials, USA; (NYSE: HON - News) Brian Larabee, Strategic Marketing Director
Technology: thermal spreaders, thermal interface materials, and
electrical interconnect products
Rohm and Haas, USA; Bob Forman, Advanced Packaging Business Manager
Technology: chemistry for lithography, plating, etching, dielectric
formation, and bonding
Technology Members:
Fraunhofer IZM, Germany; Jurgen Wolf, Group and Project Manager
KAIST (Korea Advanced Institute of Science and Technology), Korea; Dr. Kyung-Wook Paik, Professor
SAIT (Samsung Advanced Institute of Technology), Korea; Dr. Yoon-Chul Sohn, Researcher
TAMU (Texas A&M University), USA; Dr. Manuel Soriaga, Professor
Isonics Named One of 50 Fastest Growing Technology Companies in Colorado By Deloitte & Touche USA Thursday September 21, 10:09 am ET
http://biz.yahoo.com/bw/060921/20060921005498.html?.v=1
News for 'ISON' - (Isonics Corporation Semiconductor Segment Shows First Monthly Profit)
Sep 13, 2006 (financialwire.net via COMTEX) -- September 13, 2006
(FinancialWire) Isonics Corporation's (NASDAQ: ISON) semiconductor products and
services segment achieved operating profitability for the month of August based
on continued revenue and unaudited EBITDA growth.
The company said its semiconductor segment achieved its first month of positive
operating income which was in excess of $75,000 for the month of August along
with revenue in excess of $1.1 million and EBITDA exceeding $200,000. The month
of August was the third consecutive month this segment generated over $1 million
in revenue and positive EBITDA. The August monthly EBITDA exceeded the
approximate EBITDA of $170,000 for the entire three-month period ended July 31,
2006.
"We believe the trend of solid operating results in our semiconductor segment is
sustainable as a result of the continued strength in our 300mm silicon wafer
product line and our unrelenting focus on operational improvements over the last
year which has increased yields, quality and cycle time, all of which contribute
to a lower total cost of ownership for our customers," said James Alexander,
Isonics' Chairman & CEO. "The combination of a solid backlog of business,
additional 300 mm capacity recently installed and growing sales activity
positions the segment to continue to enhance performance as we attract
increasing numbers of customers to our product line."
Production has begun on "sniffer". Sales should follow by the end of the month according to the MD&A.
Here is the latest Knobias information on Isonics' promotion of the technology that was done last week:
ISON: Begins Production and Conducts Demonstration of Explosives Detection Devices
Isonics Corporation (ISON) announced that production of its new handheld and portable Ion Mobility Spectrometry (IMS) units has begun. The Company also hosted a demonstration for law enforcement and other officials at the manufacturing facility in Duluth, Georgia. The devices are designed to detect chemical and homemade explosive threats, with applications for law enforcement, first responders, entry-point screening, mailroom package screening, and mass transit.
This should help!
http://biz.yahoo.com/bw/060804/20060804005414.html?.v=1
News: Very interesting. Will this come back to life??
http://biz.yahoo.com/prnews/060731/larstr1.html?.v=70
might pull back even more. I really don't like what has come of Isonics.
Looks pretty cheap here...what do you say?
Shareholder Letter Released:
http://biz.yahoo.com/bw/060706/20060706005422.html?.v=1
Isonics Issues Letter To Shareholders
Thursday July 6, 9:45 am ET
GOLDEN, Colo.--(BUSINESS WIRE)--July 6, 2006--Isonics Corporation (NASDAQ: ISON - News), a provider of innovative solutions for the homeland security and semiconductor markets, issued the following letter to shareholders today from Isonics' Chairman & CEO James Alexander.
Over the past several months, the market has been especially challenging for many micro-cap companies, and Isonics is no exception. Isonics' market valuation has been impacted by those weak market conditions and by the downward pressure created by the convertible debenture financing which we obtained when the Company was in a weak financial position in early 2005. I receive frequent calls and e-mails from Isonics shareholders concerned about the stock price and the viability of the Company. I answer as many of these calls personally as I can, and appreciate the impact that the decline in the stock price has had on many of our investors. Since I and the rest of the management team are large shareholders with a significant portion of our personal net worth tied to the Company, we are acutely aware of the low valuation the Company currently has as reflected by the public market.
While many factors determine a company's valuation, we have taken steps that we believe are consistent with moving Isonics closer to operating profitability and which we believe should position Isonics to allow its intrinsic value to begin to be reflected in a higher market valuation. I would like to address a number of these now.
We recently announced a major financing. A portion of that financing was and will be used to repay holders of our 2005 convertible debenture in cash. We expect that this should substantially reduce the downward pressure on our stock since there will be fewer shares sold into the market by these debenture holders. The remaining cash proceeds will be employed to continue to execute on our business plan.
While we recently announced that the Company was not in compliance with certain Nasdaq requirements for continued listing, upon filing of our Form 10-KSB on or before July 26, we are confident that Isonics will be deemed compliant with the stockholder's equity requirement for continued listing.
We have refocused our life sciences division, reduced operating costs and renegotiated contracts with certain suppliers. It will be smaller in size than it has been historically, but we feel that this business is now stabilized and will soon begin to generate a positive operating income.
As we have reported several times recently, our semiconductor wafer operations have exhibited strong revenue growth based on our entry into the 300mm silicon wafer products and services market over a year ago. This increasing revenue has resulted in substantially reduced operating losses for that division. Based on robust order backlog, we expect that the semiconductor segment will begin reporting operating income later this fiscal year.
Our security services division is self-sufficient, has obtained several new contracts this year, and we believe it continues to have substantial upside opportunity.
We continue to invest in our security products business, where we are developing a line of ion mobility spectroscopy (IMS) products for the detection of chemical weapons, toxic chemicals, explosives, and illegal drugs. These "sniffer" products are based on technology we acquired from our 30%-owned German subsidiary. We have taken this proven technology and miniaturized it, ruggedized it, and re-designed it for low-cost, high-volume manufacturing in the U.S. It is being packaged in several physical forms targeted at specific applications, including the Isonics/DualDraw mail inspection table and a hand-held sniffer for military and first responder use. We are optimistic for future sales based on numerous customer inquiries. Based on competitive pricing, we plan to offer the products at prices ranging from $18,000 to $35,000 per unit depending on order volume and configuration. We have placed an initial order for 100 IMS units with our contract manufacturer. The first products out of our production pipeline, including units for both the Isonics/DualDraw inspection table application and for first responders, will be available for commercial sale in August.
As we have stated publicly, we are actively seeking to make strategic acquisitions of accretive businesses. Such acquisitions would serve to increase vertical integration of our security products business or to provide products or technologies synergistic with our present offerings.
The management team is totally committed to delivering value for Isonics shareholders. We are committed to do this through a combination of revenue and profit generation from the sales of our existing products and services and augmented with a well-executed M&A strategy. We believe we are situated both financially and strategically to be successful in this endeavor. We are hopeful that as we go forward and the results of our efforts become tangible operating results, that they will rightfully be reflected in our market valuation.
Thank you for your continued support.
Sincerely,
James Alexander,
Isonics' Chairman and CEO.
About Isonics Corporation
Isonics Corporation has three business divisions: (1) Homeland Security and Defense (2) Semiconductor, and (3) Life Sciences. Isonics is a world leader in isotopically engineered materials and through its semiconductor division produces isotopically pure silicon-28 chemicals, silicon-on-insulator wafers, wafer reclaim services and test wafers, including 300mm, for the semiconductor industry. Isonics' Life Sciences division markets and sells isotopes to the health care industry for the imaging and treatment of cancer. Stable isotopes can be thought of as ultra pure materials. This high degree of purification provides enhanced properties as compared to natural materials. Additional information may be obtained at the Company's Web site at www.isonics.com.
Cautionary Statement
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve estimates, assumptions, known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB for the year ended April 30, 2005 and reports subsequently filed with the Securities and Exchange Commission, which include the Company's historical cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in these filings with the Securities and Exchange Commission.
Contact:
Isonics Corporation
James E. Alexander, 303-279-7900
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