Globenewswire | July 10, 2023
Worksport Ltd. is excited to announce their strategic business relationship with McAllister & Quinn. McAllister & Quinn is a federal government relations and grants consulting firm that serves as Worksport’s “boots on the ground” in Washington, DC.
McAllister & Quinn offers services to identify, strategically plan for, and pursue federal funding opportunities and advocate for federal policy issues aligned with Worksport’s strategic priorities and goals.
The government is continuing to make historic investments in advanced technology through programs such as the Bipartisan Infrastructure Law (BIL), the Inflation Reduction Act (IRA), and Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act. These programs and others like them have several focus areas, including:
Securing domestic manufacturing of critical technologies for decades to come,
Reducing the environmental impact of conventionally hazardous manufacturing processes, and
Bolstering the clean energy industry to ensure a sustainable future.
McAllister & Quinn’s strategic intelligence professionals provide targeted, timely, and actionable assessments of these federal funding trends and developments, including analyses of the annual budget and appropriations process; key R&D policy and legislative updates; landscape analyses for key priority areas; sponsor and program analyses; and daily monitoring of forecasted and new funding opportunities, requests for information, federal advisory committee meetings, and notices of funding opportunities.
"Partnering with McAllister & Quinn marks an exciting milestone for Worksport, equipping us to strategically navigate and capitalize on historic federal investment opportunities," said Steven Rossi, CEO of Worksport. "This alliance fortifies our commitment to sustainable innovation and positions us to generate lasting, positive impacts on the communities we serve."
McAllister & Quinn tailors their analyses and reporting to issues of interest to Worksport and assists in evaluating and aligning Worksport initiatives with federal funding opportunities. The federal government’s investments also allows its funding recipients to have an opportunity to generate a lasting impact on the communities in which they reside. The Advanced Technology Practice at McAllister & Quinn is committed to having a positive impact in both Worksport’s business and the community they serve.
About Worksport Ltd.
Worksport Ltd. through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport Ltd. seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. For more information, please visit investors.worksport.com
PR Newswire | July 03, 2023
Cybersecurity pioneer Coalfire, IT solutions provider Carahsoft Technology Corp., and Google Public Sector have entered into a partnership to accelerate FedRAMP Authority to Operate (ATO) certification and public sector opportunities for customers deployed on Google Cloud. Coalfire's FedRAMP expertise and offerings will be bundled and delivered to Google Cloud's state, federal, and institutional clients by Carahsoft, one of the public sector's largest solution providers, and its ecosystem of reseller partners and systems integrators.
"With the Federal Risk and Authorization Management Program now the law of the land, achieving FedRAMP certification has quickly evolved from cost burden to exponential business opportunity," said Troy Bertram, managing director of Google Cloud's Public Sector Partner Ecosystem. "Whether or not our clients are selling into government markets or looking ahead to renewing contracts, Coalfire's disruptive services portfolio and ability to provide enterprise SaaS companies with FedRAMP advisory and assessment services that accelerate time to market is a mission-critical differentiator for government contractors."
The collaboration enables Google Public Sector and Carahsoft clients to accelerate their digital transformation and enter new federal markets through Coalfire's FedRAMP advisory services. These offerings allow customers to quickly and cost-effectively understand gaps and build required architectures and documentation to achieve FedRAMP authorization, reducing the historically exorbitant financial barriers to entry that FedRAMP was known for. Once clients achieve ATO, they are positioned to sell across multiple agencies (not just one), and with the Coalfire/Google Public Sector/Carahsoft solution, clients retain ownership of all technology deliverables.
"The FedRAMP roadmap leads to a threat-informed approach to risk management, and the FedRAMP Authorization Act passed in December of last year opens new opportunities for companies to test once and certify many times with reciprocity among agencies," said Carahsoft President Craig P. Abod. "From gap and desired architecture analysis to audit-ready, this partnership with Coalfire enables Carahsoft technology partners operating in Google Cloud to confidently accredit and deploy FedRAMP-compliant environments within an accelerated timeline. Carahsoft and its ecosystem of partners are excited for the opportunity to offer public sector customers a greater variety of FedRAMP-certified solutions deployed on Google Cloud to achieve their mission goals."
"Bringing disruptive and cost-effective FedRAMP services to companies on or considering Google Cloud through channel leader Carahsoft now enables customers to accelerate or expand their sales opportunities with the federal government," said Coalfire CEO Tom McAndrew. "As a FedRAMP pioneer, we have a 100% pass rate on FedRAMP environments we've built. This partnership enables a faster, more cost-effective path for companies considering FedRAMP."
Coalfire has a well-established relationship with Carahsoft and a long history of serving as the trusted FedRAMP auditor and assessment body for Google Cloud. "Whether required or not, FedRAMP is a business opportunity, and every cloud services and SaaS provider should have a FedRAMP strategy," said Jeff Rector, head of worldwide channels and partnerships at Coalfire. "We're excited to take this next step with Google Public Sector and Carahsoft as we work together to help our customers manage and monetize the FedRAMP opportunity."
Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at www.carahsoft.com
The world's leading organizations – including the top five cloud service providers and leaders in financial services, healthcare, and retail – trust Coalfire to elevate their cyber programs and secure the future of their business. Number one in compliance, FedRAMP®, and cloud penetration testing, Coalfire is the world's largest firm dedicated to cybersecurity services, providing unparalleled technology-enabled professional and managed services. To learn more, visit Coalfire.com.
PR Newswire | July 05, 2023
DroneShield Ltd has been awarded a follow-on 2-year R&D contract with a total value of $9.9 million by a Five Eyes Department of Defence (DoD). Approximately $4.5 million is due in the September and December 2023 quarters. Five Eyes refers to the defence/intelligence alliance between the US, Canada, UK, Australia and NZ.
The award follows DroneShield materially completing the $3.8 million contract announced 4 June 2021 with the DoD, with a final milestone payment expected this month.
Oleg Vornik, DroneShield's CEO, commented, "Follow-on contracts are the ultimate customer measure of our performance. As an Australian sovereign industrial capability business, DroneShield is proud and pleased to continue undertaking multi-year contracts of increasing size with this customer."
"This is the largest long-term contract received by DroneShield to date, significantly larger than the earlier, $3.8 million contract. The 2-year term locks in cash receipts over a period of time. Further larger contracts are anticipated following completion of this phase."
"In the current uncertain geopolitical environment, there is a significant focus by the Five Eyes Governments to procure from defence industrial capability champions within their network of countries. Having deep engineering and research capability, TRL9 products and a track record of working with Defence, places DroneShield in a favourable position for ongoing work."
Following a strong $7 million cash receipts 1Q23 quarter, DroneShield is on track for an all-time record 2Q23 quarter and continuing on a trajectory for another record year for cash receipts in 2023. Further detail will be provided in the next 4C quarterly, due to be released later in July.
Significant progress on manufacturing, operations and inventory scale-up to support additional anticipated orders for remainder of 2023. DroneShield is currently finalizing the location for a larger industrial site to move its Sydney operations to enable the growth.
With the $11 million contract announced in December now fully delivered and paid for, DroneShield is progressing the inventory build of the second $11 million order announced in January, expected to be delivered later this year.
Current order book (committed and binding customer purchase orders) of approximately $29 million, an all-time record.
Over $200 million qualified opportunities pipeline (in addition to the order book), across approximately 80 projects.
Ongoing record demand for counterdrone / C-UAS equipment, underscored by the events in Ukraine and increasing defence and security budgets globally.
In addition to military and intelligence communities, significant engagement with critical infrastructure plants, airports and other civilian customers.
About DroneShield Limited
DroneShield provides Artificial Intelligence powered platforms for protection against advanced threats such as drones and autonomous systems. We offer customers custom counterdrone (or counter-UAS) solutions and off-the-shelf products, designed to deliver highly effective capabilities for multiple missions and use cases. Our customers include military, government, law enforcement, critical infrastructure, and airports globally.