Intelligent Systems Technology, Inc. Announces $2.7 Million in
Contracts for Internet-Based Research and Technology Development Projects
SANTA MONICA, CALIF. – JULY 10, 2000 – More than $2.7 million in Internet-based research and development contracts have been awarded to Santa Monica-based Intelligent Systems Technology, Inc. (www.intelsystech.com) by the Department of Defense, the Department of Commerce, the U.S. Navy, and the U.S. Air Force.
These R&D projects are sponsored by the Defense Advanced Research Projects Agency (DARPA), the Office of Naval Research, the Naval Sea Systems Command, the Naval Surface Warfare Center, the Air Force Research Laboratory, and the Department of Commerce's National Institute of Standards and Technology (NIST).
These awards are for creating and commercializing next generation technologies for business-to-business integration, adaptive software construction, Next Generation Internet (NGI) office applications, simulation-based acquisition, and adaptive instruction. "These groundbreaking technologies can be expected to produce long-term savings of hundreds of millions of dollars for the U.S. Government, and potentially even greater savings for the private sector," said Dr. Azad Madni, ISTI's Chairman and CEO. "ISTI's goal is to make a major impact on the world of e-business through its revolutionary intelligent process management and process-aware e-business integration technologies," he stated. Intelligent process management technology is key to rapid, cost-effective adaptation to change. "Process-aware" e-business integration technology is key to maximizing the effectiveness of an e-business integration infrastructure through "zero latency" and "just-in-time" information delivery techniques.
"In today's globally distributed environment, the focus is on achieving ultra-rapid cycle times in: 1) developing and fielding affordable systems; 2) developing, executing, and adapting plans; and 3) training the workforce," Dr. Madni added. "Our current and forthcoming products are intended to accomplish these goals."