ICx Technologies Prices Initial Public Offering

ARLINGTON, Va., Nov. 7 /PRNewswire-FirstCall/ -- ICx Technologies (Nasdaq: ICXT), a developer of advanced technology solutions for homeland security and defense, announced today that its initial public offering of 5,000,000 common shares has priced...


ARLINGTON, Va., Nov. 7 /PRNewswire-FirstCall/ -- ICx Technologies (Nasdaq: ICXT), a developer of advanced technology solutions for homeland security and defense, announced today that its initial public offering of 5,000,000 common shares has priced at $16.00 per share. ICx has granted the underwriters an option to purchase up to an additional 750,000 shares to cover over-allotments, if any. The Company's shares are expected to begin trading on the Nasdaq on November 8, 2007 under the symbol "ICXT."

Lehman Brothers Inc. acted as sole book-running manager, Goldman, Sachs & Co. and J.P. Morgan Securities Inc. acted as joint lead managers, and Morgan Keegan & Company, Inc. and Needham & Company, LLC acted as co-managers of the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission. The offering is being made solely by means of a prospectus. This release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the final prospectus relating to these securities may be obtained from Lehman Brothers Inc., c/o Broadridge, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717 (email: qiana.smith@broadridge.com; tel: (631) 274-2635; fax: (631) 254-7140).

About ICx Technologies, Inc.

ICx develops advanced technologies for effective security solutions. ICx sensors detect and identify chemical, biological, radiological, nuclear and explosive (CBRNE) materials. ICx surveillance products discern people and objects invisible to human senses and conventional cameras. ICx software and systems connect, command and control these security devices, while its intelligence and special-operations experts provide the unique insight that drives the company's innovation. ICx has manufacturing and research facilities in the United States , Canada and Europe .

SOURCE ICx Technologies