Federal, state and local government agencies and private companies are allocating significant resources for security initiatives to protect seaports, inspect and secure cargo containers and improve overall maritime security operations.  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 as part of its overall strategic focus to develop high performance, real-time inference and sensor data fusion-based solutions leveraging SHINE technology.

Seaports and waterways are critical to both world trade and national defense, and in the wake of the September 11th terrorist attacks their security has become a major concern.  According to the US Department of Homeland Defense, US ports and waterways are vulnerable given their size, easy accessibility by water and land, large numbers of potential targets, and close proximity to urban areas.  They are a critical link in the international supply chain and as such represent a potential conduit for weapons, dangerous materials, drugs and human cargo.  A report on maritime security by the United States Government Accountability Office asserts the potential consequences of the risks created by these vulnerabilities are significant because the nations economy relies on an expeditious flow of goods through seaports and a successful attack on a seaport could result in a dramatic slowdown in the supply system, with consequences in the billions of dollars.

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 $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.  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.

Congress and the administration have been active, through legislation, presidential directives, and international agreements, in enhancing maritime security.  Key agencies such as the Coast Guard, the Customs and Border Patrol, and the Transportation Security Administration have been reorganized under the Department of Homeland Security and tasked with strengthening seaport security.  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.

Wholly owned subsidiary VIASPACE Security Inc. is targeting this growing market, pursuing opportunities where real-time sensor fusion technology can deliver substantial benefit in securing ports and cargo.  VIASPACE Security is leveraging the SHINE inference engine along with its own development efforts to deliver high performance, real-time inference and sensor data fusion-based technologies, products and services.