SBIR

US Air Force Awards Skyloom $18M to Develop Hybrid Space Optical Satellite Communications to Support Assured C3ISR

Retrieved on: 
Monday, April 8, 2024

The contract will allow Skyloom to develop network infrastructure elements of Space Optical Satellite Communications for a Hybrid Space Architecture to augment assured communications in a contested environment.

Key Points: 
  • The contract will allow Skyloom to develop network infrastructure elements of Space Optical Satellite Communications for a Hybrid Space Architecture to augment assured communications in a contested environment.
  • Skyloom and SkyBridge, a subsidiary of Knowledge Bridge International, Inc. (KBI) will collaborate to bring the solutions to use.
  • Each of these elements are fundamental building blocks for the future of U.S. and Allied assured communications that are already evolving through free-space optical technology.
  • “STRATFI accelerates the production and operational readiness of Space Optical Satellite Communications for Government and Commercial End-Users.

Fuse to Showcase Solutions for Networking the Battlespace at Sea-Air-Space 2024

Retrieved on: 
Monday, April 1, 2024

WASHINGTON, April 01, 2024 (GLOBE NEWSWIRE) -- Fuse Integration , a warfighter-focused engineering and design firm, today announced the company will showcase its solutions for networking the battlespace at this year’s Sea-Air-Space conference April 8-10 in National Harbor, Maryland.

Key Points: 
  • WASHINGTON, April 01, 2024 (GLOBE NEWSWIRE) -- Fuse Integration , a warfighter-focused engineering and design firm, today announced the company will showcase its solutions for networking the battlespace at this year’s Sea-Air-Space conference April 8-10 in National Harbor, Maryland.
  • At Booth #3310, the company will demonstrate its remote network management toolset and display its CORE® virtualized network system, podded airborne networking gateway products and an augmented reality display of digital engineering artifacts for aircraft solutions.
  • Additionally, as part of the Navy STP Showcase, Fuse will share a video case study on a Tactical Communication Management Processor (TCMP) in development for NAVWAR.
  • “Today’s battlespace is a complex, multi-domain, operational environment affecting all sea services and joint forces.

Cellectar Biosciences Reports Financial Results for Year Ended 2023 and Provides a Corporate Update

Retrieved on: 
Wednesday, March 27, 2024

FLORHAM PARK, N.J., March 27, 2024 (GLOBE NEWSWIRE) -- Cellectar Biosciences, Inc. (NASDAQ: CLRB), a late-stage clinical biopharmaceutical company focused on the discovery, development, and commercialization of drugs for the treatment of cancer, today announced financial results for the year ended December 31, 2023, and provided a corporate update.

Key Points: 
  • FLORHAM PARK, N.J., March 27, 2024 (GLOBE NEWSWIRE) -- Cellectar Biosciences, Inc. (NASDAQ: CLRB), a late-stage clinical biopharmaceutical company focused on the discovery, development, and commercialization of drugs for the treatment of cancer, today announced financial results for the year ended December 31, 2023, and provided a corporate update.
  • Net cash used in operating activities during the twelve months ended December 31, 2023, was approximately $32.4 million.
  • General and Administrative Expense: G&A expense for the year ended December 31, 2023, was $10.7 million, compared to $9.6 million for the year ended December 31, 2022.
  • Cellectar management will host a conference call for investors today, March 14, 2024, beginning at 8:30 am Eastern Time to discuss these results and answer questions.

Marker Therapeutics Reports Year-End 2023 Corporate and Financial Results

Retrieved on: 
Monday, March 25, 2024

Marker also executed a comprehensive non-dilutive agreement with Cell Ready which included a sale of select cell manufacturing assets from Marker for approximately $19 million in cash.

Key Points: 
  • Marker also executed a comprehensive non-dilutive agreement with Cell Ready which included a sale of select cell manufacturing assets from Marker for approximately $19 million in cash.
  • Granted ODD from the Committee for Orphan Medicinal Products of the EMA for the treatment of patients with AML in 2023.
  • On June 26, 2023, Marker completed a non-dilutive transaction with Cell Ready, under which Cell Ready purchased certain cell manufacturing assets from Marker for approximately $19 million in cash.
  • Cash Position and Guidance: At December 31, 2023, Marker had cash and cash equivalents of $15.1 million.

TrustPoint Announces AFWERX Phase II Contract Award

Retrieved on: 
Tuesday, April 9, 2024

TrustPoint announces it has been selected by AFWERX for a STTR Phase II in the amount of $1.6M focused on advanced resilient navigation applications to address the most pressing challenges in the Department of the Air Force (DAF).

Key Points: 
  • TrustPoint announces it has been selected by AFWERX for a STTR Phase II in the amount of $1.6M focused on advanced resilient navigation applications to address the most pressing challenges in the Department of the Air Force (DAF).
  • The Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution.
  • "This program marks the next phase of investment by the U.S. Government into TrustPoint's suite of advanced PNT applications, which go well beyond the historic purpose of simply deriving a position from GPS signals," said TrustPoint CEO and Founder, Patrick Shannon.
  • "We are excited by the DoD's support and shared vision for the future of commercial space-based PNT."

Shaw Air Force Base, 20th Fighter Wing Awards SBIR Phase III Contract to OpsLab

Retrieved on: 
Tuesday, April 9, 2024

AUSTIN, Texas, April 9, 2024 /PRNewswire-PRWeb/ -- Today, OpsLab announced a new contract to support the Airmen at Shaw Air Force Base (AFB). The Small Business Innovation Research (SBIR) Phase III award will provide software to 200 users with the 20th Fighter Wing, the 20th Operations Group, and the 20th Operations Support Squadron. To support this scope of work, OpsLab will maintain and build upon Shaw AFB's current squadron planning software, The Gonkulator, which OpsLab recently acquired. OpsLab will facilitate software licensing, onboarding, cloud hosting, 24/7 customer support, and software upkeep and maintenance.

Key Points: 
  • The Small Business Innovation Research (SBIR) Phase III award will provide software to 200 users with the 20th Fighter Wing, the 20th Operations Group, and the 20th Operations Support Squadron.
  • "Seven SBIR Phase III contracts with different Air Force installations shows OpsLab's commitment to pilots is meaningful," said Gen. (R) Stephen Wilson, former Vice Chief of Staff of the U.S. Air Force and OpsLab advisor.
  • OpsLab is actively supporting the U.S. Department of Defense through seven SBIR Phase III contracts with the U.S. Air Force (USAF).
  • OpsLab solutions are in active implementation across numerous USAF installations, including Sheppard Air Force Base , Luke Air Force Base , Davis-Monthan Air Force Base , Minot Air Force Base , and Aviano Air Force Base .

HiddenLayer Awarded AFWERX STTR Phase II Contract to Accelerate USA Department of Defense Security Adoption

Retrieved on: 
Tuesday, April 9, 2024

AUSTIN, Texas, April 9, 2024 /PRNewswire/ -- HiddenLayer, the leading security provider for artificial intelligence (AI) models and assets, today announced it has been selected by AFWERX for a STTR Phase II contract in the amount of $1.8MM focused on AI Detection & Response to address the most pressing challenges in the Department of the Air Force (DAF). The Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution. The DAF began offering the Open Topic SBIR/STTR program in 2018, which expanded the range of innovations the DAF funded, and as of February 9, 2024, HiddenLayer began its journey to create and provide innovative capabilities that will strengthen the national defense of the United States of America.

Key Points: 
  • AUSTIN, Texas, April 9, 2024 /PRNewswire/ -- HiddenLayer , the leading security provider for artificial intelligence (AI) models and assets, today announced it has been selected by AFWERX for a STTR Phase II contract in the amount of $1.8MM focused on AI Detection & Response to address the most pressing challenges in the Department of the Air Force (DAF).
  • "The opportunity to extend the use of our AISec Platform to secure the US Department of Defense's most critical models, while also accelerating commercialization in the private sector, is a significant milestone for HiddenLayer," said Chris "Tito" Sestito, Co-Founder and CEO of HiddenLayer.
  • "We are honored to collaborate with AFWERX and researchers at the University at Buffalo to advance research on adversarial AI attack methods, further driving our mission to help enterprises protect their most valuable technology."
  • The views expressed are those of the author and do not necessarily reflect the official policy or position of the Department of the Air Force, the Department of Defense, or the U.S. government.

OmniSync Completes Key Pilot Contracts to Support the Federal SBIR/STTR Ecosystem

Retrieved on: 
Tuesday, April 9, 2024

SAN DIEGO, April 9, 2024 /PRNewswire/ -- California-based software and services startup OmniSync Incorporated announces the successful completion of two key pilot contracts aimed at expanding support to the Federal grant/contract ecosystem.

Key Points: 
  • SAN DIEGO, April 9, 2024 /PRNewswire/ -- California-based software and services startup OmniSync Incorporated announces the successful completion of two key pilot contracts aimed at expanding support to the Federal grant/contract ecosystem.
  • Under these pilots, OmniSync has collaboratively curated, distributed, and actively scouted content and key professionals relevant to the Small Business Innovation Research (SBIR) program, under the higher-level guidance of Federal agencies.
  • Curating relevant content to support this newsletter is one of the key goals of the pilot that was executed successfully by OmniSync.
  • Dr. Rupak Doshi, CEO of OmniSync commented - "OmniSync has taken pride in always pushing boundaries to see how we can continuously support the Federal grants and contracts ecosystem.

RocketStar Announces Successful Demonstration of Fusion-Enhanced Pulsed Plasma Electric Propulsion

Retrieved on: 
Wednesday, March 20, 2024

NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) -- RocketStar Inc. has successfully demonstrated the FireStar Drive, a groundbreaking electric propulsion unit for spacecraft that uses nuclear fusion-enhanced pulsed plasma.

Key Points: 
  • NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) -- RocketStar Inc. has successfully demonstrated the FireStar Drive, a groundbreaking electric propulsion unit for spacecraft that uses nuclear fusion-enhanced pulsed plasma.
  • This innovative device significantly boosts the performance of RocketStar's base water-fueled pulsed plasma thruster by utilizing a unique form of aneutronic nuclear fusion.
  • The fusion discovery was first made during an SBIR Phase 1 for AFWERX where boronated water was introduced into the pulsed plasma thruster’s exhaust plume.
  • “We are very excited to test FireStar for RocketStar,” said Brent Abbott, CRO at Rogue Space Systems.

Leonid Capital Partners Names Ian L. Holroyd CFO

Retrieved on: 
Tuesday, April 2, 2024

Leonid Capital Partners (“Leonid”), a leading investment firm focused on high-growth technology companies working in the national security industry, today announced it named industry veteran Ian L. Holroyd as its new chief financial officer, effective March 4, 2024.

Key Points: 
  • Leonid Capital Partners (“Leonid”), a leading investment firm focused on high-growth technology companies working in the national security industry, today announced it named industry veteran Ian L. Holroyd as its new chief financial officer, effective March 4, 2024.
  • Founded in 2019, Leonid is one of the only credit providers for businesses that contract with the federal government for highly technical engagements in fields such as software, biotech, and engineering.
  • “Ian is an accomplished CFO, and we’re thrilled to add him to our management team,” Christopher Lay, Leonid Capital Partners’ Co-Founder said.
  • Prior to that, Ian worked as chief accounting officer and executive vice president at WMD Asset Management LLC and as vice president, finance and accounting at Imperial Capital LLC.