GENEDGE Announces Innovation Commercialization Award
March 01, 2012
GENEDGE ALLIANCE, in cooperation with The Virginia Tobacco Indemnification and Community Revitalization Commission (TIC), has awarded a grant totaling more than $200,000.00 to Innovative Wireless Technologies (IWT) Inc. to fund an Innovation Commercialization Project for accelerating high technology top line growth in the region. IWT is a wireless solutions company located in Forest, Va that has been developing products for commercial, industrial, defense and public safety markets for over 14 years. The funding is targeted toward critical testing of IWT's Coyote Unattended Ground Sensor (Coyote UGS(TM)) System. Coyote UGS(TM) is a modern unattended sensor system that enables economical border surveillance in rugged remote terrain and is currently deployed by a number of federal agencies. It provides highly accurate, smart sensing to classify human or vehicle presence with precision and minimal false alarms.
"GENEDGE is pleased to help IWT accelerate certification of the Coyote UGS(TM)System. GENEDGE will provide project management for the final qualification testing for this border security related growth opportunity. With a successful launch, not only will IWT benefit, but the supply chain for this project, which is primarily located in the TIC region, will also see growth in revenues and high technology jobs," stated Bill Donohue, the vice president of GENEDGE ALLIANCE.
IWT President and CEO Eric Hansen said, "The GENEDGE grant enables IWT to further strengthen and qualify our Coyote UGS(TM) product portfolio. The Coyote system provides a unique sensing and wireless capability for enhancing our national border security. Our goal is high technology growth in the TIC region. We look forward to our GENEDGE collaboration and the benefits it will provide to Central Virginia."
"IWT is showing an excellent commitment to economic development and creating employment opportunities for the County of Bedford. The Virginia Tobacco Commission strives to support such projects and is delighted with IWT's decision to expand within our region," stated Delegate and TIC Commissioner Kathy J. Byron.
Genedge Alliance operates field offices throughout the state of Virginia and has partnerships with the Old Dominion University Business Gateway and the Manufacturing Technology Center in Wytheville.
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