IKONICS Announces William C. Ulland’s Retirement as President and CEO

DULUTH, MN – IKONICS Corporation (Nasdaq: IKNX) announced that William C. Ulland, President, Chief Executive Officer and Chairman of the Board of Directors (the “Board”), notified the Board of his intention to retire from his positions as President and Chief Executive Officer of IKONICS Corporation (the “Company”) at the end of the current year, provided a successor has been identified by the Board.

Mr. Ulland will continue to serve as President and Chief Executive Officer of the Company until such time as a successor has been named. Following his retirement as President and Chief Executive Officer, Mr. Ulland will continue to serve as Chairman of the Board.

Mr. Ulland commented, “It has been my privilege to serve as CEO of IKONICS for more than 19 years. What makes IKONICS work are the fine, dedicated people that it has been my pleasure to work with for these nearly 20 years. Their commitment, creativity and cooperative approach is a key ingredient in our success, for not only do we blend our technology platforms but we also have a sharing culture of cooperation and striving for a common goal.”