INRAD and APE Form Alliance

Northvale, NJ, January 21 -INRAD, Inc. (OTB Bulletin Board: INRD) announced today that it has formed an alliance with APE (Angewandte Physik & Electronik Gmbh, Berlin) wherein INRAD will market a line of state-of-the-art autocorrelators manufactured by APE in Germany. The alliance will be highlighted at Photonics West in San Jose, California January 25-27, where the complete line of instruments will be displayed at the INRAD booth.

Autocorrelators are used for measuring laser pulses from ultrafast lasers, with pulse duration in the picosecond and femtosecond ranges. Inrad will be the source for supply of these products to customers in the Americas, Israel, and selected other markets. APE will continue to supply them to customers in Europe and Japan.

Daniel Lehrfeld, President of Inrad commented, "We are pleased to begin this close association with APE. This relationship contributes a family of innovative, leading edge pulsewidth measurement instruments and technologies to the Inrad Systems sector's core product competencies. Our alliance with APE is strategically important and consistent with Inrad's plans to enhance our competitive position and expand our market share in laser system accessories."

Inrad, Inc. manufactures and supplies products which control, alter, and measure light via its three related strategic business sectors: Crystals and Crystal Components, Custom Precision Optics, and Laser Systems and Instruments. Its global customers include major corporations in the Laser Systems, Semiconductor Inspection, Fiber-optic Telecommunications, and Defense Industries, as well as researchers at Universities and National Laboratories.

The statements contained in this press release that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes" and "expects" or similar words. Such forward looking statements include, but are not limited to, statements regarding the expected benefits of the alliance, and the belief that the alliance will strengthen Inrad's ability to deliver more products to its customers. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward looking statements are, but are not limited to, uncertainties in market demand, future actions by competitors, and other factors discussed from time to time in reports filed by Inrad with the Securities and Exchange Commission. The forward looking statements made in this news release are made as of the date hereof and Inrad does not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward looking statements.

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