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VIASPACE Security receives additional funding for container security contract

VIASPACE Inc., a company commercializing proven technologies from NASA and the US Department of Defense, reported that its VIASPACE Security subsidiary had received additional funding on its contract from L3 Communications for the integration of software and hardware and final testing of the hardware units associated with the Advanced Container Security Device (ACSD) program in support of the Department of Homeland Defense.

VIASPACE Security has successfully completed the sensor fusion and initial application of its SHINE real-time inference engine phase of the contract, and delivered the software to L3.  This phase included acoustic and sensor data collection, noise identification and suppression, as well as development, adaptation and testing of the specific algorithms associated with each of the hardware sensors contained in the ACSD device.

VIASPACE has an exclusive license from Caltech to commercialize NASAs SHINE real-time inference engine technology for most major applications including maritime security, homeland defense and diagnostics/prognostics.  VIASPACE is pursuing 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.

According to the American Association of Port Authorities, US states rely on 13 to 15 ports to handle their imports and exports, which add up to over US$1.3 billion worth of goods moving in and out of US ports daily.  The US port system is responsible for moving over 99% of the countrys international trade by volume and 61% by value.b Some 2 billion tons of cargo are moved annually and this volume is expected to double in the next 15 years.  Worldwide, there are 3,000 ports employing millions of workers that handle 40,000 ships transporting billions of dollars of cargo every day.

AJ Abdallat, President of VIASPACE Security, 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 $28 billion over the 22-month period ended in August 2006 on security-related goods and services in all areas including seaport security while issuing more than 115,000 contracts. The ACSD program is one of several major initiatives on the part of the Department of Homeland Defense. VIASPACE Security is targeting this growing market, pursuing opportunities where real-time sensor fusion technology can deliver substantial benefit in securing ports and cargo.

 

 

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