StereoVision Imaging, Inc. | November 18, 2020
StereoVision Imaging, Inc. (SVI), an arising world pioneer in 2D and 3D/4DLiDAR based facial/object acknowledgment and distant detecting innovation, has made sure about a follow-on buy request from the U.S. government for extra units of its future, convenient Facial Recognition Binocular System (FRBS). The new request brings the all out estimation of units bought to more than $4.5 million.
The serious binocular framework empowers U.S. furthermore, alliance war contenders to incorporate stalemate observation tasks with continuous significant insight. It bolsters the distinguishing proof of non-agreeable people of-interest under testing uncontrolled natural conditions with significant levels of exactness, and permits ideal information examination and information to-choice for order initiative.
SVI is the sole-source provider of FRBS technology to the U.S. Army under a U.S. Central Command (CENTCOM) Joint Urgent Operational Need (JUON) statement. SVI expects to ship the units in the first quarter of 2021.
The SVI FRBS stage incorporates SVI's industry-driving facial acknowledgment innovation in a portable binocular arrangement. The framework's top quality optics powered by its restrictive facial logical and profound learning face coordinating calculations give quick 'point-and-snap' subject ID at the necessary stalemate separations.
Through true operational testing, FRBS has been intended to help United Combatant Command (COCOM) missions that include observation, surveillance, misuse, character and data tasks, counterterrorism and against revolt. The new units are bound for sending across U.S. Focal and European Command theaters.
“With this next shipment, we believe we have entered an important next phase with the design and initial deployments of our FRBS,” stated SVI founder and president Gregory Steinthal. “We anticipate the program will soon advance to full production and look for it to transition into formal program of record. We are uniquely positioned as the sole-source provider of this advanced technology to the U.S. military, which affirms the tremendous unmatched capabilities it provides.”
SVI sees opportunities for deployment of FRBS to other government agencies, such as federal law enforcement, airport security, border patrol and entry control points.
About StereoVision Imaging, Inc.
StereoVision Imaging (SVI) is an emerging global leader in biometric/object recognition and remote sensing technology, enabling governments and commercial organizations to perform identity and object recognition with the highest-level of speed and accuracy. Beyond FRBS, the company’s patented Dual Chirp 4D LiDAR (light detection and ranging) technology provides the most accurate 4D biometric security system in the world at the longest ranges. Its products are currently used by the U.S. military as well as other government agencies and organizations. SVI is focused on enhancing national security and public safety by solving the world’s most difficult identity validation and analysis challenges.
Octo | December 16, 2020
Octo, a chief supplier of arising innovation and IT modernization administrations for the Federal Government, reported today its mix with secretly held, Fairfax-based Sevatec, a main supplier of strategic programming advancement arrangements and computerized modernization administrations to the Federal Government. The blend of Octo and Sevatec makes an exceptionally deft accomplice to government clients that can address complex innovation challenges with development, high-contact administration, and generous specialized and operational assets.
The joined association has developed each year since initiation and today creates almost $300 million in income and utilizes around 1,100 talented workers committed to addressing specialized difficulties for government clients across the Defense, Intelligence, National Security, Federal Health, and Civilian commercial centers.
Established in 2003, Sevatec drives progressions in innovation, open-source tooling, business best practices in human-focused plan, Agile conveyance, DevSecOps, start to finish security, cloud administration joining, information designing, and computerization. With nearly $400 million in late prime Digital Modernization contract wins, exceptionally essential agreement vehicles, and separating advancements, for example, ShiftUp™, Sevatec has strong force in key business sectors and makes reciprocal extension open doors for the consolidated business to seek after.
Sonny Kakar, Founder and CEO of Sevatec, said, “I have known Mehul for years and have admired deeply what Octo has been able to achieve. Octo was the only company we considered for such a transaction because of our shared values and cultural alignment. While the industrial logic of the merger resonated tremendously with us both, it also became evident that it would create significant growth opportunities for our employees and allow the combined business to compete at scale and solve some of the most pressing challenges facing our customers. In a market full of multi-billion-dollar organizations that provide a wide variety of traditional products and services, customers are seeking highly specialized, mid-sized technology partners with deep experience in digital modernization, which is exactly what the combination of Octo and Sevatec offers.”
Sevatec’s core leadership team will play leadership roles in the combined business. As part of the transaction, Sonny Kakar will serve as Vice Chair of the Board and Head of Strategy while Tim May, Sevatec’s Chief Growth Officer, will serve as the Chief Growth Officer for the combined organization, a position that was previously unfilled at Octo. Furthermore, Chuck Schefer, EVP at Sevatec, will serve as EVP managing programs in the GSA, DHS, and USPTO markets, among others. Mehul Sanghani will continue to serve as the combined firm’s CEO.
The consolidated firm will incorporate market-driving exclusive arrangements and marked protected innovation covering the full modernization range from DevSecOps (ShiftUp™) to Agile Software Engineering (Javana) to Open Source Software Development (Octo CX), to Artificial Intelligence and Blockchain arrangements, all oversaw and improved inside Octo's oLabs™ R&D office.
The joined firm will likewise incorporate an unrivaled profundity of enormous scope modernization capabilities and experience across the whole federal space with establishment positions in a few organizations. Organizations profiting by the consolidated organizations' endeavors incorporate significant modernization programs inside the Intelligence Community at the National Geospatial Intelligence Agency (NGA); inside National Security on groundbreaking projects across the Department of Homeland Security (DHS); and at present day programming industrial facilities being stood up inside the DoD, for example, the Air Force's Kessel Run program. Octo and Sevatec additionally have significant parts at Health and Human Services (HHS) on activities across the National Institutes of Health (NIH) and significant modernization programs at Civilian offices like the General Services Administration (GSA), Department of Transportation (DoT), and Patent and Trademark Office (USPTO).
“With this transaction, I firmly believe we have created a unique, market-shaping organization that is unmatched in terms of its collective ability to be a pure-play modernization and technology solutions provider to the Federal Government and its wide-ranging missions,” said Mehul Sanghani, Octo’s Founder and CEO. “I truly believe no other firm in the federal market can boast a combined culture of innovation and a combined talent base of high-end engineers with expertise in Agile/DevSecOps, open-source software development, cloud engineering, cyber, and artificial intelligence. More importantly, very few federal technology providers can cite large scale modernization success across the end-to-end breadth of mission systems we do collectively – from the Intelligence Community to Health Care Agencies to Defense Systems to National Security and Civilian missions, our breadth of modernization support covers the gamut.”
“Over the years, we have teamed with Sevatec – and competed against them – and through it all there has always been a mutual respect between us that laid the groundwork for today’s announcement,” Sanghani continued. “I have long admired the company Sonny has built, and I am elated that we were able to find a partner in Sevatec that complements Octo in so many ways, one that also shares our unwavering commitment to our employees, customers, and the community.”
“Individually these two companies are extremely well-managed and consistently deliver for their customers, while also caring for their employees. You see that reflected in their continuous growth through the years,” said Michael Lustbader, Managing Partner at Arlington Capital Partners. “We have admired Sevatec for some time, and we felt this would be a fantastic combination. Arlington is really excited to see what can be accomplished together.”
Octo, founded by Mehul Sanghani in 2006, partnered with Arlington Capital in April 2019 and subsequently acquired Phoenix-based Connexta, LLC, a provider of open-source software to the DoD and Intelligence Community.
Sheppard Mullin served as legal advisor to Octo on this transaction. Pillsbury Winthrop Shaw Pittman LLP served as legal advisor, and Baird served as exclusive financial advisor to Sevatec on this transaction.
Octo challenges the status quo, empowering federal agencies to leap IT hurdles by using emerging technologies to create transformative solutions that enable rapid modernization, enhance citizen engagement, and maximize human impact. We continually explore ways to transform IT, producing results vital to national security, intelligence, health care, and more.
Sevatec builds the software that powers exceptional government missions. Our Digital Software Supply Chain, ShiftUp™, which brings together commercial best practices and advanced technology tools in Agile delivery, human-centered design, DevSecOps, Cloud, Security, and Data, has helped us modernize several hundred applications across the Federal Government. Founded in 2003 on the concept of “Seva,” meaning “to serve a greater purpose,” we serve the missions of Homeland and Law Enforcement agencies, Department of Defense, General Services Administration, Department of Transportation, and multiple civilian departments and agencies.
Neuron | January 06, 2022
Neuron, a leader in aviation technology and air traffic critical national infrastructure, has leveraged the Hedera network, the most used, sustainable, enterprise-grade public ledger for the decentralized economy, in a UK government-sponsored trial to demonstrate the capability to safely track the movements of military, enterprise, and government drones once out of visual line of sight. The trials, which took place at Port Montrose in Scotland on 29 April 2021, and at Cranfield University during October 2021, used sensors to track the drones, recording flight data via the Hedera Consensus Service. Over time, Neuron's vision is to provide a decentralised platform for a range of mobility solutions including drones, air taxis, autonomous vehicles and ground robots. Neuron will do this by connecting sensors, vehicles and management systems to provide a trusted network which can be used for data sharing, record keeping and potentially even decision making.
Niall Greenwood, CCO of Neuron, said, "Until now, drones have had limited benefit for governments and private enterprises, because they could not be flown safely out of line of sight and therefore could not be used for long distance deliveries, transport, or inspections. With this trial, leveraging Hedera Consensus Service, we have made unmanned, long distance drone travel possible using safety-critical aviation infrastructure. Each flight creates millions of data points, which no other public ledger has been fast enough to log and correctly order. By leveraging the Hedera Consensus Service we can gather, store, and order this data immediately, giving us a real time 'radar system' for drones."
Neuron sensors pick up data points on each drone's location and direction. From there, the Hedera Consensus Service provides a unique method of logging and timestamping the data from each drone flight onto Hedera's decentralized public ledger. The Hedera network operates at a higher speed and performance, with a lower cost per transaction than any other public distributed ledger technology (DLT), offering a scalable basis for drone flights to be adopted across industries. The Hedera network offers all applications the highest grade of security possible (ABFT), ensuring data protection for users.
The trial was sponsored by the UK government's department for Business, Energy and Industrial Strategy (BEIS), and took place as part of a series of experiments by BEIS to explore the use of drones. The trial by Neuron successfully demonstrated safely tracking drone flights once out of sight, allowing the drones to fly longer distances safely and securely. Drones for the MediDrone trial are supplied by DJI, the World's largest drone manufacturer.
Neuron aims to deploy its solution for all drone use cases, transforming industries and supply chains in the UK and internationally. Applications for drone flights leveraging the Hedera-powered radar system in healthcare include remote medical testing, transportation of medical supplies to difficult locations, movement of equipment from hospital to hospital, Covid-19 test kits and beyond, as demonstrated across the UK on-demand.
The Hedera Consensus Service has already been adopted in healthcare solutions in the UK through its usage by Everyware and the NHS to track the cold storage of COVID-19 vaccines, in the Middle East through MVC's use for their track and trace system for pharmaceuticals in Bahrain, and in the US through its collaboration with SAFE and Acoer to provide COVID-19 track and trace systems for Arizona State University, E&I Cooperative, and major enterprises.
"Through this trial, Neuron has exhibited an extraordinary feat, allowing unmanned drones to safely exist in the sky. The Hedera Consensus Service enables the use of drones to transport essential equipment across long distances, which has enormous implications in the fields of healthcare and national security in particular. We are excited to continue Hedera's work in these sectors, particularly following our notable partnerships with Everyware and Hala Systems, and to see diverse industries realise the benefits of the Hedera Consensus Service."
Mance Harmon, CEO and Co-Founder of Hedera Hashgraph
Neuron provides services to enable pilotless flights globally, from drone deliveries and search and rescue, to air taxis and cargo deliveries. With a simple intuitive connection to its API alongside consultancy services, operators and UTM service providers are able to get access to airspace which was previously thought to be inaccessible. With partners on 3 continents and some of the world's leading experts in ATM, sense and avoid, drone regulation and computer science, the team is focused on transforming the way people live their lives.
The Hedera network is the most used, sustainable, enterprise-grade public ledger for the decentralized economy. The platform is governed by a council of the world's leading organizations, including Avery Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, IBM, the Indian Institute of Technology (IIT), LG Electronics, Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group.