VIASPACE’S Security Subsidiary announced that it has received additional funding for its contract from L3 Communications. VIASPACE has integrated the software and hardware, plus finished the final testing of the hardware units associated with the Advanced Container Security Device (ACSD) program in support of the Department of Homeland Defense.
The company’s exclusive license from Caltech allows them to pursue port and container security opportunities such as the ACSD program, as part of its overall strategic focus to develop high performance, real-time inference and sensor data fusion-based solutions leveraging SHINE technology.
The President commented, “There is a major need for technology solutions to improve the security of seaports and cargo worldwide and we believe our sensor data fusion technology will play a key role. We see this as a tremendous opportunity for VIASPACE Security to draw on our proprietary technology and system design capabilities to develop leading edge maritime security solutions and establish a leadership position in this growing market. We are delighted to be continuing our efforts in support of L3 Communications and the Department of Homeland Defense on this critical port and container security program.”
The Department of Homeland Defense has spent approximately $28 billion in 22 months on security-related goods. The market is continually growing, and VIASPACE has targeted it as an industry in need of its real-time sensor fusion technology which can deliver substantial benefit in securing ports and cargo.
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