Initsys Integrates IPIX's Immersive Surveillance Solution

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VIENNA, Va. - March 24, 2005 - IPIX Corporation (NASDAQ: IPIX), a premier supplier of 360°, immersive imaging technologies for visual intelligence applications, announced today that Initsys Ltd., an infrastructure provider for network security solutions, has integrated IPIX CommandView™ and InSight™ cameras into its iRecord network video recorder (NVR). iRecord users can now take advantage of IPIX's immersive imaging technology to continuously monitor and record a 360° field-of-view (FOV) over any network connection.

"IPIX's 360°, IP-cameras enable security directors to greatly reduce the number of cameras needed to effectively monitor an environment, as well as provide greater functionality and performance over traditional analog and most current digital cameras," said Chris Berry, Initsys CEO. "Through this integration, security professionals can monitor cameras via a secure network, as well as receive instant visual verification of alarm events."

The iRecord NVR can be used to monitor and record IP cameras or traditional analog cameras linked through an analogue to IP interface. The system includes advanced video motion detection and a secure interface to Initsys' VerifiedAlarms network for locations needing or requiring visual verification of alarm events to ensure response from local law enforcement.

"Initsys' iRecord NVR offers users of IPIX's immersive imaging technology an extremely effective solution for managing visual intelligence and maintaining complete situational awareness of monitored environments," said IPIX President and CEO Clara Conti. "Utilizing the unique functionality of IPIX's 360° FOV and the iRecord platform, a single CommandView™ dome camera can provide more complete coverage than multiple fixed or motorized PTZ cameras."

Initsys' clients include a variety of customers worldwide in retail, banking and commercial alarm markets (both receiving stations and alarm installing companies), as well as government organizations.

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About IPIX

IPIX Corporation ("IPIX") is a premium provider of immersive imaging products for government and commercial applications. We combine experience, patented technology and strategic partnerships to deliver visual intelligence solutions worldwide. Our immersive, 360° imaging technology has been used to create high-resolution digital still photography and video products for surveillance, visual documentation and forensic analysis. www.ipix.com.

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About Initsys Ltd.

Initsys technology allows security companies to overcome the problems of speed, bandwidth and quality on IP networks. Initsys' technology AAVID-Alarms, Access and Video-enables IP cameras to send high-quality frames into a network where they are compressed and sent onto the control room (ARC) for general surveillance purposes. Initsys provides a total solution for companies wishing to take advantage of IP for CCTV, access control and alarm transmission; a full range of tools are available for commercial alarm receiving centres that allow quick integration of IP security without huge expense.