BABYLON, N.Y., Jan. 19, 2006 (PRIMEZONE) -- Integrated Camera Optics, Corp. (Pink Sheets:IGCO), a provider of surveillance technology serving the security, military and transportation markets, announced today that it has completed its corporate restructuring after finalizing its merger with Infotex Holdings Inc. A new management team is now in place led by its president, Stuart Leviton.
"We are very excited about the vast opportunities that lay before us. A very fertile marketplace exists for our technology, including the lucrative Homeland Defense industry. We are now in the process of refining our 360 optic technology for Homeland Security use," said Stuart Leviton, president of Integrated Camera Optics, Corp.
As a company specializing in the development of highly diverse optical systems primarily for use in the security sector, Integrated Camera Optics' strategy is focused on offering the ICU360 system to major hotels, casinos, railways and monorail systems, as a long-term undertaking. "We are exploring all opportunities to maximize the use of our unique technology. Homeland Defense and security applications are a perfect fit," said Leviton.
Integrated Camera Optics, Corp. with its EyeSee360(r) is the technology leader in single-shot panoramic imaging for both still and video photography. The estimated market for the security/surveillance camera industry is over $40 billion. Integrated Camera Optics, Corp., which has a license agreement with the patent holder for the EyeSee360(r) lens, intends to acquire other security-oriented companies as it moves to capture market share. The EyeSee360(r) is currently being tested in a number of consumer, military and security applications with great success.
For more information on Integrated Camera Optics, please visit the company's Web site at: http://www.integratedcameraoptics.com.
Statements contained in this release which is not historical facts may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not a guarantee of future performance. Unknown risks, uncertainties, as well as other uncontrollable or unknown factors could cause results to materially differ from the results, performance, or expectations expected or implied by such forward-looking statements.