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Core Capital Group's ESG Assists NAVSYS in Launching TIDGET Technologies Funding

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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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