Isonics Joins National Safe Skies Alliance; Company also Provides Upda

    Business Editors

    GOLDEN, Colo.--(BUSINESS WIRE)--March 29, 2005--Isonics Corporation (Nasdaq:ISON), committed to the development of next-generation technology for the homeland security and semiconductor markets, announced that it has become a member of the National Safe Skies Alliance, a non-profit organization formed to improve the safety and security of the country's airports through a coalition of public and private organizations. The announcement was made by James E. Alexander, Chairman and CEO of Isonics.
    "The employees of Isonics are pleased to participate with the National Safe Skies Alliance, and to have a chance to contribute in any way possible to the effort to improve the security of air transportation in the United States," said Mr. Alexander. "Isonics is developing a range of homeland security products and technologies that we believe can play an important role in helping to ensure safety at our nation's airports."
    Among those technologies is Isonics' NeutroTest(TM) explosive detection device. The Company has recently announced plans to have the neutron-based portable explosive detector available for international sale in the second calendar quarter of this year, and for domestic sale in the third quarter. Isonics is also developing other next-generation security technologies and services for homeland security, with potential applications in airport and air travel security, as well.
    "We welcome Isonics as one of the newest members of the National Safe Skies Alliance," said Tom Jensen, President and CEO of the Alliance. "Our coalition's goal is to enhance cooperation among representatives of the security and air travel industries with the simple but important goal of protecting our nation's airports and the people who use them."
    Isonics also announced continued progress in expansion of its homeland security division, including the planned acquisition of Protection Plus Security Consultants. "The audit of Protection Plus is moving ahead quickly, and Isonics personnel are on-site at Protection Plus finishing up our due diligence," said Mr. Alexander. "Isonics is also developing other opportunities in the homeland security space, including possible acquisitions of companies and unique technologies that we believe will ultimately enhance our product offerings and revenue growth."
    The National Safe Skies Alliance conducts fully independent operational testing and evaluation of safety equipment and processes at its test facilities in Knoxville, Tenn., and at more than two dozen airports nationwide. Safe Skies conducts testing for the U.S. Department of Homeland Security, the Transportation Security Administration, and for private clients. Its test bed projects include trace and bulk explosive detection systems, x-ray devices for threat detection, and access control for the sterile and security identification display areas and the perimeter.

    About National Safe Skies Alliance

    National Safe Skies Alliance is a 501(c)3 non-profit organization formed in 1997 to enhance the security of our nation's airports through a cooperative alliance of public and private organizations. Its purpose is to serve transportation by providing impartial testing of security devices and systems and to provide an impetus for pre-competitive research and development. Funding for National Safe Skies Alliance is provided by member institutions and by the Federal Aviation Administration. Safe Skies testing activities are directed by the U.S. Department of Homeland Security, through the Transportation Security Administration. More information can be found at http://sskies.org.

    About Isonics Corporation

    Isonics Corporation has three business divisions: (1) Isonics Semiconductor, (2) Isonics Life Sciences, and (3) Homeland Security and Defense. Isonics is a world leader in isotopically engineered materials and through its semiconductor division produces isotopically pure silicon-28 chemicals and wafers for the semiconductor industry. Isonics' Life Sciences division markets and sells isotopes to the health care industry for the imaging and treatment of cancer. Stable isotopes can be thought of as ultra pure materials. This high degree of purification provides enhanced properties as compared to natural materials. Our efforts in the Homeland Security segment are nascent at the present time as we proceed to develop further our neutron-based detection technologies. Additional information may be obtained at the Company's Web site at http://www.isonics.com. A presentation about Isonics' NeutroTest(TM) explosive detection prototype can be found at http://www.tril03.com/isonics/madrid.pdf. A video demonstrating the functioning NeutroTest prototype can be viewed at http://www.trilogy-capital.com.edgesuite.net/.

    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 known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB for the year ended April 30, 2004, and its quarterly report on Form 10-QSB for the nine months ended January 31, 2005, both as filed with the Securities and Exchange Commission, which include the Company's historical cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission. Isonics cautions investors that there are currently no commercial NeutroTest products, and no guarantee there will be. Isonics has made no NeutroTest sales and no government agency or other person has expressed an interest in purchasing NeutroTest. There can be no assurance that Isonics will be able to manufacture the NeutroTest for the market at a cost and with capabilities that meet the needs of prospective customers.
    This announcement may contain forward-looking statements made by senior management of Isonics that involve risks and uncertainties, such as statements about plans, objectives, expectations, assumptions or future events. These statements involve estimates, assumptions, known and unknown risks, uncertainties and performances, or achievements expressed or implied by the forward-looking statements. Actual future results and trends may differ materially from those made in -- or suggested by -- statements made in this announcement due to a variety of factors. Consequently, you should not place undue reliance on any forward-looking statements made in this announcement. For more information about Isonics and risks arising from investing in Isonics, you are directed to the Company's most recent Form 10-KSB filed with the Securities and Exchange Commission.

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CONTACT: Isonics Corporation Boris Rubizhevsky, 303-279-7900 or Investor Relations: Trilogy Capital Partners, Inc. Paul Karon, 800-592-6067 paul@trilogy-capital.com

KEYWORD: COLORADO TENNESSEE INDUSTRY KEYWORD: HARDWARE AEROSPACE/DEFENSE GOVERNMENT AIRLINES TRANSPORTATION SOURCE: Isonics Corporation

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