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SAN DIEGO--(BUSINESS WIRE)--March 15, 2006--JMAR Technologies, Inc. (NASDAQ: JMAR), a leading developer of advanced laser technology, announced that its Microelectronics Division has been awarded a subcontract from General Dynamics Advanced Information Systems (GDAIS) in the amount of $4.2 million. Under the terms of this subcontract, JMAR will upgrade and enhance the semiconductor fabrication process installed at the Defense Microelectronics Activity's Advanced Reconfigurable Manufacturing for Semiconductors (ARMS) foundry in Sacramento, California.
GDAIS, a prime contractor for the Defense Microelectronics Activity (DMEA), has issued JMAR this subcontract as a Department of Defense (DOD) Advanced Technology Support Program (ATSP) element. In 2005, JMAR received from GDAIS $2.3 million in letter subcontracts against this subcontract. Costs have already been incurred and recognized in 2005 and early 2006 against those letter subcontracts. The costs related to the remaining $1.9 million of funding will be incurred primarily through June 30, 2006.
"This contract marks a continuation of the relationship between JMAR and both General Dynamics and the DMEA. Our Microelectronics team remains fully committed to sustaining and improving the ARMS foundry in accordance with the DMEA vision," said Ronald A. Walrod, JMAR's president and chief executive officer.
Under a contract awarded by GDAIS in 1998, JMAR supported the DMEA in the design, construction and commissioning of the ARMS foundry, and since then has played a key role in the installation and implementation of that foundry's chip fabrication processes. JMAR maintains a semiconductor process engineering group adjacent to DMEA's facility in Sacramento. JMAR will perform the work under this contract on-site.
Mr. Walrod concluded, "JMAR's semiconductor process engineering group is unique in its ability to provide the DMEA with the highly specialized, long-term support it needs for the evaluation, selection, installation and implementation of these new semiconductor manufacturing processes. Our support has been instrumental in helping the DMEA fulfill its increasingly vital role in the nation's defense."