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ASX/Media release

Iatia achieves major defence payment
30 June 2008

Wavefront imaging company, Iatia (ASX:IAT), is pleased to announce that the twelfth milestone payment has been approved under its Capability and Technology Demonstrator (CTD) contract with the Defence Department’s Defence Science and Technology Organisation (DSTO).

The milestone involved converting a conventional video camera to incorporate Iatia’s wavefront imaging technology. This camera represents a field portable device for passive ranging and defeating camouflage, which incorporates the results of Iatia’s previous testing under the CTD. The device will be used in a field demonstration on Defence facilities in July 2008, to confirm the use of Iatia’s technology at greater distances. Iatia has developed several patents on this variant of its technology.

The invoice of $588,000 will be payable in July and leaves Iatia with a strong balance sheet at 30 June 2008. Iatia would expect to complete the final milestone with a final report by September 2008.

The company is also working on applications for the next level Defence contracts, where under Defence Materiel Organisation rules; the support of an internationally recognised defence supplier is required.


About Iatia Limited
Iatia Limited (ASX:IAT) is a leading wavefront imaging company. Iatia's high resolution digital technology allows you to see the invisible. Iatia licenses its globally patented technology, QPI, for imaging in the life sciences, ophthalmology, nanotechnology and defense. Based in Melbourne, Australia, Iatia is listed on the Australian Stock Exchange.

About the CTD contract
In late June 2005, Iatia signed a $2,700,000 contract with the Defence Department’s Defence Science and Technology Organisation (DSTO). This Capability and Technology Demonstrator (CTD) contract is the largest announced by the Department under that round of CTD activities. Defence represents a new field of application for Iatia’s unique imaging technology. It utilises conventional digital imaging capability, and produces a new image based on shape information alone that is independent of the image provided by colour and contrast. This image is then suitable for further processing by conventional image enhancement, image-processing and image-recognition software. The potential uses include passive ranging, shape imaging, defeating camouflage, and in developing novel image processing algorithms. Iatia is now developing a reflection-based algorithm suitable for extending shape imaging to greater distances.


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