WASHINGTON, Dec. 4, 2006 /PRNewswire/ -- Raytheon Company's (NYSE: RTN)
Network Centric Systems (NCS) and VIASPACE Inc. (OTC Bulletin Board: VSPC)
recently signed a teaming agreement that will include collaboration on
sensor and data fusion and real-time diagnostic solutions aimed at homeland
security and national defense applications.
This teaming agreement will enable both companies to jointly pursue new
and emerging security applications built around the real-time analysis of
advanced sensor technologies with a specific focus on the security arena.
"Raytheon NCS has a long history of successfully collaborating with
small, innovative technology companies," said Gene Blackwell, vice
president of Raytheon's NCS Rapid Initiatives Group (RIG). "We are pleased
to work with VIASPACE to create new and compelling real-time homeland
defense solutions and security systems."
The RIG, a NCS team of engineers, scientists, business development and
program management experts, can quickly draw on skills and experience
throughout Raytheon in order to provide timely solutions to complex
challenges. The RIG's speed and agility enables Raytheon to streamline
development processes, getting critical solutions into the hands of
customers faster.
"We look forward to partnering with Raytheon on these applications,"
said Dr. Carl Kukkonen, CEO of VIASPACE. "We expect our collective
experience in developing innovative solutions will bring state-of-the-art
products to our customers."
Raytheon Company with 2005 sales of $21.9 billion is an industry leader
in defense and government electronics, space, information technology,
technical services, and business and special mission aircraft. With
headquarters in Waltham, Mass., Raytheon employs 80,000 people worldwide.
VIASPACE was originally founded in 1998 with the objective of
transforming proven space and defense technologies from NASA and the
Department of Defense into hardware and software solutions that solve
today's complex security challenges. For additional information, visit
http://www.viaspace.com, or for investor relations contact Dr. Jan
Vandersande, at 800.517.8050.
Contact:
Raytheon Company
Ginny McAdams
703.284.4412
VIASPACE Inc.
AJ Abdallat
626.768.3361
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
http://www.viaspace.com
CONTACT:
Ginny McAdams of Raytheon Company,
+1-703-284-4412; or AJ Abdallat of VIASPACE Inc., +1-626-768-3361
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