Published: October 01, 2009
Core Capital Group's ESG Assists NAVSYS in Launching TIDGET Technologies Funding
COLORADO SPRINGS, Colo. - (BUSINESS WIRE) - Core Capital Group, through its Electronics and Semiconductor Group
(ESG), has assisted NAVSYS Corporation in launching its spin-off
corporation, TIDGET Technologies. TIDGET Technologies' charter is to
commercialize NAVSYS proprietary geotagging technology that has been
well proven through a wide variety of highly demanding defense
applications.
In establishing TIDGET Technologies, a founders' team and a group of
preferred A1 shareholders were established along with an agreement to
license the NAVSYS geotagging technology to TIDGET Technologies on an
exclusive basis. "It is an honor for us to secure this close
relationship with NAVSYS and to have their commitment to work with
TIDGET Technologies to commercialize their market-changing technology,"
stated Frank Ricotta, new CEO of TIDGET Technologies. "We are already
seeing significant interest in very high volume applications for our
geotagging solution and are currently exploring the development of new
geotagging applications that would otherwise be impractical."
Dr. Alison Brown, president and CEO of NAVSYS Corporation, commented,
"We are very excited about the competitive features that the NAVSYS
technology brings to a variety of challenging commercial applications. I
am confident that by working closely with TIDGET Technologies, we will
shortly deliver the most accurate and reliable low-power geotagging
solution available to the world today."
Core Capital's ESG is currently preparing to raise the funds to develop
TIDGET's commercial platform for fast-speed, highly accurate geotag data
processing. This system is expected to revolutionize geotagging
capabilities for small form factor, low-power commercial applications.
"I am impressed by the range of exceptional talent and personal
dedication involved with this initiative," stated Loren Lancaster,
managing director of Core Capital Group. "There appears to be an
unlimited scope of value that will result from applications of the
NAVSYS geotagging technology. Core Capital's ESG is proud to be an
integral part of this creative and history-making process."
Core Capital Group
Core Capital's Electronics and Semiconductor Group provides M&A services
to middle market electronics and semiconductor companies. Core Capital
is a partner of the International Network of M&A Partners (IMAP), a
partnership of 60 leading M&A firms in 40 countries. www.ESGibank.com.
NAVSYS Corporation
NAVSYS Corporation's area of technological expertise is described as
"GPS innovations" - the use of advanced technology and novel system
architectures to improve on conventional GPS equipment and methods for
specific market applications. For more information, go to www.navsys.com.
TIDGET Technologies
TIDGET Technologies is an early-stage corporation headquartered in
Colorado Springs, Colorado. Its mission is to fully develop the
commercialization of the TIDGET technology in the geotag market.
Core Capital Group
Lana Williams, 719-598-4680
lwilliams@corecapital.net
or
NAVSYS
Corporation
Jay Brownfield, 719-481-4877
jbrownfield@navsys.com
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