Cdex, Inc. (fka CDEX)

[d4diddy]

No Crow, I don't believe that the terrorist threat has quit escalating.

"Focusing next on detection of chemical and biological agents, I am pleased to announce that today the US Government made public a contract with CDEX signed on May 8, 2003 for CDEX to perform a study of the feasibility of the CDEX technology to support identification of chemical/biological agents (Phase 1). If the study is successful, the contract contains a government option for the construction of demonstration/testing prototypes (Phase 2). The contract price for Phase 1 is about $200K and for Phase 2 about $800K. We are pleased with the contract, are honored by the government’s consideration of our technology and look forward to the opportunity to be a part of this country’s response to this escalating terrorist threat."

This naturally leads me to two conclusions:

1. The Phase I study was not successful.

2. The Phase I study was successful, but the government did not exercise their option to commit another $800K for a demo/testing prototype.

Maybe the HLS budget for new gadgets is very, very tight?