EXHIBIT 99.2


IKONICS                            bringing unique imaging solutions
CORPORATION                           to the people of the world

                                   SINCE 1952


IKONICS has traditionally grown through two core businesses, both based on film
and liquid photochemical products. Chromaline Screen Print Products sells
photo-stencils and related products, including inkjet receptive substrates, to
the world wide screen printing market. PhotoBrasive Systems sells photoresists
to the awards and recognition market, primarily for the abrasive etching of
glass trophies and awards. PhotoBrasive Systems also sells ancillary products to
this market, including glass and equipment.

Though these markets are mature, domestically, both businesses remain
attractively profitable. IKONICS is the third-largest supplier of photo-stencils
to the domestic screen printing market and the largest of two suppliers of
photoresist and related products to the awards and recognition market.

Part I of IKONICS' strategic plan is to profitably grow these two businesses
through acquisition, further expansion into the export market (particularly
Asia), new proprietary products, and movement into related industries. In 2006,
IKONICS acquired the image mate(R) line of screen print products, providing new
distribution and products for the domestic and export markets. IKONICS has
expanded its photoresist business into the signage market and introduced
IKONMetal(TM), a proprietary metal that can be laser engraved, rotary engraved
or sandblasted. This product has been well received in both the awards and
recognition and signage markets.

Part II of the strategic plan is to bring IKONICS' technological strengths of
photochemistry, film coating and inkjet receptive substrates to new, more
industrial markets with larger sales potential. Presently, two major initiatives
employ this strategy:

IKONICS Imaging, Industrial Solutions has developed a proprietary, highly
effective method of etching industrial ceramics and electronic wafers. For
certain applications this method is the most cost effective and--in some
cases--the only feasible method. This technology is offered as a service,
primarily to industrial ceramics, aerospace and research organizations. To
accommodate this business, the process has been automated and a clean room
environment has been installed. Several projects are currently in progress.
Unlike IKONICS' traditional businesses, where credibility is well-established
and sales cycles are comparatively short, this business entails long sales
cycles, exacerbated by newcomer status in the targeted industries. Still, good
and consistent progress is being made; and significant sales are anticipated in
the second half of 2007. We believe the ultimate market potential of this
business exceeds current company sales.

Industrial Solutions is also working on a patent-applied-for digital inkjet
deposition technology for the plastic injection mold-making industry. If
successful, this technology could revolutionize the method of putting texture
patterns into molds, such as those used to produce the simulated leather
interiors in automobiles. In association with Imaging Technology International
(iTi), IKONICS is currently developing a digital imaging system to complement a
proprietary fluid and inkjet receptive substrate, both of which have been
developed by IKONICS for this application. Progress on this project is
intensifying and sales are being recorded. Production equipment jointly
developed by IKONICS and iTi is scheduled to be installed in the 4th quarter and
a broader scope of commercial sales is anticipated in 2008. We believe the
market potential is larger than current IKONICS' sales.

Although both of these projects are expensive and may adversely affect
short-term earnings, they are funded from cash flow and in no way jeopardize the
future of the company or significantly restrict other opportunities should they
not succeed. If either succeeds, the face of IKONICS will be significantly
changed, putting the company into larger, dynamic markets with the opportunity
for further capitalization on IKONICS' technology.




                                               
4832 Grand Avenue, Duluth, MN 55807 1-800-328-4261 p: 218-628-2217 f: 218-628-3245 www.ikonics.com info@ikonics.com
ISO 9001 Certified         NASDAQ Listed: IKNX       Copyright (C) 2007 Ikonics Corporation. All rights reserved.





IKONICS' TECHNOLOGY

Traditionally, IKONICS' technical strengths have been photochemistry and coated
films. Its team of chemists and engineers have developed unique skills and
proprietary and patented products. IKONICS also holds exclusive licenses from
DuPont and the Aicello Corporation of Japan for photoresist films. These skills
and products give IKONICS a strong IP base and advantage in its core markets and
a platform on which to grow into new markets.

IKONICS has identified industrial digital imaging as a growth area where its
expertise in ink jet receptive coated films can create a competitive advantage
in a large and growing market. To help achieve this goal, the company has
acquired an ownership interest in iTi, a recognized leader in industrial inkjet
technology and has established a state-of-the-art digital imaging laboratory at
its Duluth headquarters. This has allowed the company to develop and apply for a
patent on a unique inkjet receptive substrate and develop a proprietary
inkjettable fluid to complement that substrate.

IKONICS also identified the etching of industrial ceramics and electronic wafers
as a unique opportunity to capitalize on its photoresist technologies. Using
RapidMask(TM) technology, licensed from DuPont, and internally developed PMP
film, a highly efficient process was developed to etch ceramics and wafers. This
process has been automated by IKONICS engineers and a clean room environment
established to meet the demands of this highly technical market.

EMPLOYEES

IKONICS Corporation employs approximately 70 fulltime employees, 65 of whom are
located at the Company's headquarters in Duluth, Minnesota, the remaining five
serving as outside technical sales representatives in various locations around
the United States. Employees are not subject to a collective bargaining
agreement and the Company believes that employee relations are good.

This document contains forward-looking statements regarding sales, net earnings,
and new products that involve risks and uncertainties. The Company's actual
results could differ materially as a result of domestic and global economic
conditions, competitive market conditions, acceptance of new products, the
ability to identify and make suitable acquisitions, as well as the factors
described in the Company's Form 10-KSB, Forms 10-QSB and other reports on file
with the SEC.

The date of this document is April 26, 2007 and it speaks only as of that date.
The company undertakes no duty to update this document and the information
herein my abe inaccurate as a result.

ESTABLISHED 1952

IKONICS begins as Chroma-Glo, Inc., a screen printer of precision metallic
labels.

1964

Chroma-Glo develops and patents a novel photo-chemical imaging process and
product, the Direct/Indirect photo stencil system. The company begins
manufacturing and selling stencil supply products to other screen printers.

1982

Chroma-Glo becomes the Chromaline Corporation and sells its screen printing
operation, concentrating resources on the development, manufacturing and
marketing of photo stencil products to the screen printing industry.

1986

Chromaline makes a major commitment to international sales. Today, non-domestic
sales account for 30% of the company's total revenue.

1992

The company expands its photochemical technology to the abrasive etching
industry where under the PhotoBrasive Systems trade name, the company is
recognized world-wide as a leading supplier and innovator.

1994

The Chromaline Corporation becomes ISO 9001 certified, among the first of its
industry peers.

2000

The Chromaline Corporation is listed on the NASDAQ SmallCap market.

2002

The company changes its name and reorganizes as IKONICS Corporation.

2005

Fortune Small Business ranks IKONICS 57th on its list of 100 Fastest Growing
Small Public Companies.

IKONICS invests in Imaging Technology International (iTi).

2006

IKONICS Imaging is created as an organizational umbrella containing PhotoBrasive
Systems, Sign Systems and Industrial Solutions.

IKONICS acquires image mate(R) from Franklin International.

2007

IKONICS registers sales to new, high-growth industrial markets, including
photomachining on ceramic wafers and digital texturing for the injection
mold-making market.