IPIX Builds On U.S. Channel Strategy with New Reseller Agreement

Immersive Imaging Leader Partners With PSA Security Network

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RESTON, Va. – Aug. 23, 2005 – IPIX Corporation (NASDAQ: IPIX), a premier supplier of 360-degree, immersive imaging technologies for visual intelligence applications, today announced it has entered into a strategic reseller agreement with PSA Security Network (PSA), the worlds largest electronic security cooperative with members responsible for over $1.4 billion in annual security and life safety installations.

"The members of PSA Security Network service the security and surveillance needs of 60 percent of the Fortune 500 market today, so access to this network is very positive for IPIX, said Clara Conti, CEO of IPIX. IPIX has joined the global elite in terms of security integrators and tapped into a wealth of opportunity to provide immersive imaging technology through a network that is known and trusted."

PSA Security Network differs from a typical reseller in that the company works with more than 200 technology providers of video surveillance, intrusion detection, fire and life safety systems. PSA offers products from each of these partners to its members at discounted prices. PSAs experienced security systems integration companies can combine products and services to provide custom solutions to meet each end users security installation requirements.

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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.

About PSA Security Network

PSA Security Network® (www.psasecurity.com) is the worlds largest electronic security cooperative with members responsible for over $1 billion dollars in annual security, fire and life safety installations. These leading security systems integrators specialize in the design, installation, integration and maintenance of access control, video surveillance, intrusion detection, fire, and life safety systems.

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IPIX Media Contact Stephen Krupin 202-659-7911 skrupin@apcoworldwide.com