SOURCE: Sciax Technologies

April 04, 2005 08:00 ET

Sciax Announces Further Progress in BASE 1 Product Revenue Realization

BAY CITY, MI and TORONTO -- (MARKET WIRE) -- April 4, 2005 -- Sciax Corp. (OTC: SCXC) announced today that it has received notification that Linvatec is preparing for the first commercial sale of the Sciax developed and patented BASE 1 product. As previously announced, the Intellectual Property rights for this product have been assigned to Linvatec and as part of this agreement Sciax could realize up to $3,000,000 in royalty payments over the next five years.

"This is an important milestone in the development of this revenue stream and indicates that royalty payments can be expected to be received as sales of the BASE 1 product progress," stated Ralph Manore, President of Sciax Technology Inc.

About Sciax

Sciax is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of Sciax Corp.

Wolf Pack, the company's tactical remote viewing system, is manufactured under license from Eomax Corp., and is used by law enforcement and military organizations in North America and Europe. Customers include military and law enforcement agencies of the US and German Governments, contraband interdiction units of Canada Customs, and LAPD-SWAT. Further information on Sciax Technology can be found at www.sciax.com

This release contains forward-looking statements with respect to the results of operations and business of Sciax Technology Inc., Sciax America Inc. and Sciax Corp. which involve risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The Company intends that such statements about the Company's future expectations, including future revenues and enforcement and defense imaging system earnings, and all other forward-looking statements be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.

Contact Information

  • Contact:
    Sciax Technology
    (416) 778-6770 Phone
    (416) 778-8775 Fax
    info@sciax.com