Lattice (OTCBB: LTTC) Awarded U.S. Air Force Contract for IED Detection

Palm Beach, FL 6/13/12 (StreetBeat) – Lattice Incorporated (OTCBB:LTTC), a provider of advanced information and communications technology solutions to the corrections industry and key government agencies, announced today that the company's Government Services division has been awarded a Small Business Innovative Research (SBIR) project for IED (improvised explosive devices) detection with the United States Air Force. The fixed price contract is worth approximately $750,000 and continues for 18 months.

Lattice CEO Paul Burgess said, "The global market opportunity for counter-IED technologies is estimated to exceed $23 billion, according to Homeland Security Research Corporation. This market is expected to expand exponentially as greater numbers of sensor classes and sensors are added to the system, both for IED prediction applications and general decision support functions. We are hopeful this will provide us with a strong entry point into this large market segment."

About Lattice Incorporated
Lattice Incorporated is a provider of advanced information and communications technology solutions to the government and commercial markets. The company's Lattice Government Services division designs, deploys and manages advanced technological solutions at key government agencies and for mid- to large-sized enterprises. The company's Lattice Secure Communications division provides core proprietary platforms that develop customized software applications with military grade security for markets including correctional facilities that require highly secure solutions.

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Lattice (OTC:LTTC) Raises $1M from PIPE

Lattice Incorporated (OTC:LTTC), a provider of technological solutions to government agencies and enterprise customers, announced today that the company has closed a $1 million financing to support growth of its communications business. The convertible preferred stock issued for this investment has an initial conversion price of $0.11 per share and are convertible into common stock. As I write, shares of Lattice are flat at $0.20 per share on light volume of just over 13,000 shares. The company has a market cap of $4.5 million.

On February 14, 2011, Lattice issued 454,546 shares of newly-created Series D Convertible Preferred Stock in return for an investment of $1,000,000 by Barron Partners LP. Lattice plans to use the net offering proceeds from this private placement to expand production capacity, establish sales offices and fund promotional efforts and fund working capital and acquisition needs. The shares of Series D Preferred Stock are initially convertible into common stock at a price of $0.11 per share. Lattice management and other investors are expected to co-invest an additional 15% or more within the next 45 days.

Lattice CEO Paul Burgess said, "This funding, which will be used to fuel the company's communications business, both domestically and internationally, will help to substantially accelerate our growth. I and other members of the management team are significant participants in this funding, which we are confident will help propel our company significantly forward.

"The terms for this investment by Barron Partners LP include additional commitments by Lattice and its management to further its present growth strategy.

"This is an exciting time for Lattice. Our communications business is now operating internationally. Our traditional core software business is also doing well. We believe this will be a strong year for Lattice, particularly with this fresh injection of capital," Burgess said.

Lattice Incorporated is a provider of advanced information and communications technology solutions to the government and commercial markets. The company's technology services division designs, deploys and manages advanced technological solutions at government agencies and for mid- to large-sized enterprises. Lattice's technology products division consists of several core proprietary platforms used to develop customized software applications with military grade security in a number of different markets.

For more information, visit http://www.latticeincorporated.com.

An investment profile about Lattice Incorporated may be found at http://www.hawkassociates.com/lttcprofile.aspx.

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