US Air Force Rapid Innovation Fund Review Committee Selects Fonon Corporation’s White Paper to Develop Specialized Portable Laser Coating Removal System

LAKE MARY, Fla., Sept. 23, 2015 (GLOBE NEWSWIRE) -- Fonon Corporation (‘Fonon’) (OTC:FNON) is pleased to announce the US Air Force Rapid Innovation Fund (RIF) committee selected the Company’s white paper to develop a portable hand-held laser coating removal system. The Air Force RIF Contracting Officer commented, “Selection of white papers to be invited for proposal was extremely competitive based on overwhelming responses to the solicitation. Your white paper, AFLCMC15-4.e-W-0132/Portable Hand-held Fiber Laser Coating Removal System, has been selected for proposal invitation based on technical evaluation.”

The USAF has been the lead advocate in Department of Defense (DOD) initiates for laser coating removal (LCR) systems to reduce costs, reduce waste and increase weapons system readiness. The program goals are to reduce exposure of harmful wastes in the workforce and environment while reducing depot maintenance time to improve aircraft availability. James Arther, Principle Engineer with CTC stated, “The current methods utilized by depots for the removal of DOD coatings are costly, time consuming, and labor-intensive, cause substrate damage, and result in undesirable environmental conditions.”

Market demand is high in both the military and commercial sector for portable LCR systems including graffiti removal that continues to plague major urban and rural areas. Primary applications for LCR systems to remove coating or paint include substrate inspection, corrosion remediation and repair.

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About Fonon Corporation

Fonon Corporation is the recognized leader of industrial-grade 3D Additive and Subtractive laser-based material processing systems. Our systems are used world-wide in the semiconductor, flat panel display, automotive, aerospace, industrial, defense, electronic and medical industries with a portfolio of intellectual property, knowhow & inventions placing our company in the unique position to offer both standard 3D material processing systems or our specialty of tooling 3D laser-based transforming systems designed around the unique applications of our customers.

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Notice Regarding Forward-Looking Statements:

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and the company’s ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Fonon is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.

CONTACT INFORMATION Rob Anthony Investor Relations 407-477-5618 x1010

Source:Fonon Corporation