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Updated: July 8th, 2008 05:26 PM CDT

Isonics and Lucent to Develop Night Vision and Infrared Imaging Devices

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Additional information may be obtained at the Company's Web site at http://www.isonics.com.

About Bell Labs and Lucent Technologies

Lucent Technologies Bell Labs is a leading source of new communications technologies. It has played a pivotal role in inventing or perfecting key communications technologies, including transistors, digital networking and signal processing, lasers and fiber-optic communications systems, communications satellites, cellular telephony, electronic switching of calls, touch-tone dialing, and modems. Bell Labs scientists have received six Nobel Prizes in Physics, nine U.S. National Medals of Science and seven U.S. National Medals of Technology. For more information about Bell Labs, visit its Web site at http://www.bell-labs.com.

Lucent Technologies designs and delivers the systems, services and software that drive next-generation communications networks. Backed by Bell Labs research and development, Lucent uses its strengths in mobility, optical, software, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for its customers, while enabling them to quickly deploy and better manage their networks. Lucents customer base includes communications service providers, governments and enterprises worldwide. For more information on Lucent Technologies, which has headquarters in Murray Hill, N.J., USA, visit http://www.lucent.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 results of this Development Agreement, each company's benefits under it, and each companys actual results or outcomes to be materially different from those anticipated and discussed herein. Further, Isonics operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond its control. Other important factors that the companies believe might cause such differences are discussed in the risk factors detailed in:

* Isonics most recent 10-KSB and reports subsequently filed with the Securities and Exchange Commission, which include Isonics historical cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks; and


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