NEWS

11/4/2009

Peter Batty and Jeff Harris Join the F1 Advisory Board
We are excited to announce that Jeff Harris and Peter Batty have joined the FortiusOne advisory board. The team is very fortunate to have such talented folks helping guide the company. We’ve taken on the often tough challenge of working in both the commercial and government space. Government funding continues to push innovation in the geospatial industry and the opportunities in the commercial space are just beginning to be realized. Jeff Harris’s illustrious background developing geospatial innovations for the US government is a huge asset. What more can I add to a guy that has won the National Intelligence Distinguished Service Medal, the CIA Distinguished Service Medal, the NRO Medal for Distinguished Service, the US GeoSpatial Foundation Lifetime Achievement Award, Aviation Week Laureate Citation and the James V. Hartinger Award for military space achievement. Sitting in a meeting with him is an experience in and of itself. The number of ideas and depth on knowledge it flat out impressive. Not to mention he is still thinking years ahead of where the industry is today.  
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9/1/2009

Physical Sciences Inc. (PSI: Andover, MA) Announces The Acquisition of Maxion Technologies (Maxion: College Park, MD)
PSI provides contract research and development services to U.S. Government and industrial customers in optical materials, lasers, photonic devices, and electro-optic systems. PSI also produces specialty electro-optic components and systems for sale to these customers. Maxion is a world leader in the development and production of quantum cascade lasers (QCLs), interband cascade lasers (ICLs), and related systems. According to PSI’s President and CEO, B. David Green, “The acquisition of Maxion allows PSI to provide vertically-integrated QCL/ICL solutions to our customers, as well as continuing to provide QCL/ICL devices and R&D support to Maxion’s existing OEM and research customers. Furthermore, the combination of PSI’s extensive capabilities and system solutions with Maxion’s design, fabrication, and processing capabilities will provide synergistic advantages to our customers in general infra-red electro-optic materials,devices, and components.”  
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2/24/2009

ProGenTech, Innovative Biosensors Partner on Dx System
ProGenTech and Innovative Biosensors jointly announced today that they will develop a rapid, integrated diagnostic system incorporating their respective technologies.  
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10/1/2008

FortiusOne Releases GeoCommons Maker!
FortiusOne, a leading provider of next-generation location intelligence, announced the launch of Maker! -- an easy-to-use web application that enables non-technical users to create actionable maps using their own data and GeoCommons open source data. More than 80 percent of all business data maintained by organizations around the world has a location component. FortiusOne's GeoCommons enables you to leverage massive amounts of valuable data to detect trends, risks and opportunities, resulting in a complete view of your business information and revealing new opportunities to enhance profitability.  
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10/1/2008

RemoteReality Phase III Success: $12M in Phase III funding
RemoteReality Corp., headquartered in West-borough, Mass., is the designer and manufacturer of next-generation intelligent-omni-video systems with real-time 360-degree viewing and analysis software for continuous surveillance, security and other applications supporting military, government and commercial markets.  
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8/6/2008

CIA invests in power management firm
Nextreme Thermal Solutions Inc. (Durham, N.C) , a developer of thermal and power management products, has secured $13 million in Series B financing.  
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6/1/2008

Panoramic Periscope: Navy to evaluate submarine imaging system that provides 360-degree view of the horizon
The Navy is beginning sea trials of a new panoramic periscope imaging system that may give submarines greater situational awareness for safer navigation. The system — or one based on its design — also could offer potential tactical advantages.  
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5/13/2008

Innovative Biosensors, Inc. (IBI) Raises $11.5 Million: Series B Financing Combines Equity and Debt Capital
Innovative Biosensors Inc. (IBI), a company developing rapid, ultra-sensitive tests to identify harmful pathogens, today announced the completion of an $11.5 million Series B financing which included equity and debt. The Series B was led by Life Sciences Partners (LSP), of Boston, Mass and involved $9.5M in equity capital. The company also increased its existing debt facility to $2 million from Silicon Valley Bank, a member company of SVB Financial Group (Nasdaq: SIVB). This financing follows on the prior Series A financing of $6.25 million raised in 2005. Previous Series A investors, including Harbert Venture Partners, Chart Venture Partners, New Markets Growth Fund and CNF Investments LLC, an affiliate of Clark Enterprises Inc., participated in this round.  
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4/24/2008

PacStar Wins Cisco Solution Innovation Partner of the Year Award
PacStar™ announced today that it is the recipient of a Cisco Partner Summit Theatre award for Solution Innovation Partner of the Year in the United States and Canada. Cisco unveiled the winners April 9, 2008 at its Partner Summit in Honolulu.  
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4/15/2008

Navy To Begin Testing Periscope Camera That Provides 360-Degree View
This summer, the Navy will begin testing a prototype advanced camera for Los Angeles-class submarine periscopes that will provide a 360-degree scan of the surrounding waters.  
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4/11/2008

Dennis McGinn, Former Battelle Corporate Officer and Retired U.S. Navy Vice Admiral, Charts Course for RemoteReality as Chairman & CEO
Retired Vice Admiral Dennis (Denny) McGinn, most recently a corporate officer at Battelle, the world’s largest nonprofit independent research and development organization, is navigating new but familiar waters as chairman and chief executive officer of RemoteReality Corporation.  
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4/9/2008

Innovative Biosensors Inc. and ATCC® Partner
Innovative Biosensors Inc. and ATCC today announced a research and development partnership aimed at developing a rapid and portable test to detect Avian (H5N1) influenza virus.  
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4/2/2008

PacStar Partners With INX and World Wide Technology to Provide Everything Over IP Communications Solutions to the Military
WASHINGTON, April 2, 2008 /PRNewswire/-- PacStar(TM), a technology-based provider of communications solutions to the military and government, today announced partnerships with INX and World Wide Technology to deliver the PacStar 6000 set of solutions to the military.  
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3/31/2008

Cisco's unified communications platform is ready for military action
Military and government secure voice and networking supplier, PacStar, has added its software to Cisco's unified communications platform to meet the demands of military use, according to a report by TelecomWeb. The addition of PacStar's IQ-Core software enables users to connect directly to the Defense Information Systems Network (DISN), eliminating the cumbersome two-step analog to IP networks process, according to TelecomWeb. The supplier says it's the first time Cisco-based "Everything Over IP" (EoIP) is available to US military customers. 
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3/5/2008

NoblePeak Vision Raises $12.0 Million in Series B Financing
Wakefield, MA – March 5th, 2008 –NoblePeak Vision Corp. (www.noblepeak.com), whose technology is transforming the night vision market,  
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2/21/2008

StackSafe Awarded with Innovation of the Year at Pink Elephant's IT Service and Management Conference
StackSafe Inc., a provider of pre-production staging and testing solutions for IT operations teams, announced today that its flagship product, StackSafe™ Test Center, was named the winner of the 2008 Pink Elephant Innovation of the Year award at the 12th annual International IT Service Management Conference and Exhibition. The award is presented to a product or service developed during the previous year that offers the most innovative solution for IT Infrastructure Library (ITIL) practitioners.  
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1/30/2008

Startup StackSafe Offers Virtualization To Test Software Changes
A virtualization startup, StackSafe, says its software can capture a replica of enterprise software and then provide a virtual environment in which to test changes to it. StackSafe launched its product, Test Center, at the Demo '08 show in Palm Desert late Tuesday.  
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12/10/2007

No towers? No problem. LGS, PacStar cell phone solution goes anywhere the Army Reserve goes
Two-way radios have been a staple of military communications for decades. Although the technology has evolved over the years, in some ways, it is not as advanced as the everyday cell phone. Military personnel have come to rely on mobile phones’ range and ease of use for overall communications. But in disaster situations in the United States and overseas, cellular service is often not available.  
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12/8/2007

Startup Of The Week: StackSafe Tackles Software Testing
Test Center will let IT departments assess upgrades, patches, and new apps before deploying them.  
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11/21/2007

IT touted at TIDES tour: Pentagon highlights IT for disaster response
The Pentagon showcased a range of technologies today used to manage the consequences of natural disasters and other events that displace people, in an exhibition titled Transportable Infrastructures for Development and Emergency Support (TIDES).  
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11/14/2007

Innovative Biosensors launches BioFlash biological detector
Innovative Biosensors, Inc. (IBI) has announced that it has launched the BioFlash Biological Aerosol Collection, Detection and Identification System.  
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11/14/2007

After 4 years, Innovative Biosensors launches its technology
Joe Hernandez founded Innovative Biosensors Inc. in late 2003, enticed by the potential to change the world of biodefense with a fast, portable technology to detect pathogens in  
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11/9/2007

Rockville biotech quickly developing staph detector
Seeing the looming threat of an epidemic, a Rockville diagnostics company began working on a detection test for a new drug-resistant staph infection. That was nine months ago.  
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11/1/2007

Navy evaluates 360-degree optical sensor to enhance shipboard defenses against swarms of small boats
SAN DIEGO - U.S. Navy officials are evaluating a 360-degree visible-light and infrared surveillance system from RemoteReality Corp. in Westborough, Mass., for potential integration on surface warships to guard against swarms of small attack boats that terrorists typically might employ.  
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11/1/2007

Defense System Detects Swarming Boats in Coastal Waters
Since the terrorist attack on the USS Cole in 2000 using an explosives laden boat, the Navy continues to search for technologies that will protect its warships from waterborne threats while in ports and other coastal areas.  
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11/1/2007

Afghanistan Army Moves From Messengers to Microchips
Internet protocol-based communications offers beleaguered country’s military efficient and secure systems.  
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9/28/2007

PacStar Wins 2007 Vertical Systems Reseller Magazine All Star VAR Award
PacStar(TM), a technology-based systems integrator that provides total communications solutions to military, government and commercial customers, today announced that Vertical Systems Reseller Magazine has selected PacStar as the winner of the 2007 VSR All Star VAR Awards in the public sector.  
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8/6/2007

Chart Ventures
In July Pacific Star Communications (PacStar), a provider of total communications solutions to military, government and commercial customers based in Portland, OR announced the closing of a $12.3m Series D funding. The round included new investors Chart Venture Partners and Steelpoint Capital Partners. Existing investors including PacStar Board Chairman, George Stroemple, Fluke Ventures, Invest America, Frank Jungers and Benaroya Ventures also participated in the round.  
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7/19/2007

Mashups made easy - FortiusOne makes it easy for anyone to put a mashup on the map
Since Google made its maps available for customization last year, savvy programmers have created thriving businesses by adding layers of information.  
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7/17/2007

PacStar Secures $12.3 Million in Series D Financing - Chart Venture Partners and Steelpoint Capital Partners Lead Funding Round; Representatives Join Board of Directors
Portland, Ore. (July 17, 2007) — PacStar, a technology-based systems integrator that provides total communications solutions to the military, government and commercial customers, today announced that it closed $12.3 million in Series D funding. The funding will accelerate penetration of PacStar technologies into key military and civilian markets. Additionally, the round adds new investors Chart Venture Partners and Steelpoint Capital Partners to PacStar’s current list of investors. Past investors, including PacStar Board Chairman, George Stroemple, Fluke Ventures, Invest America, Frank Jungers and Benaroya Ventures also participated in the round.  
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7/16/2007

PacStar closes on $12.3M - Chart, Steelpoint lead round for maker of fail-safe communications software
PacStar, whose software ties together redundant voice, video and data networks for troops and first responders operating in areas with no infrastructure, has raised $12.3 million in fresh funding, the company will formally announce Tuesday.  
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6/19/2007

Innovative Biosensors, Inc. Expands Scientific Advisory Board
Rockville, MD, June 19, 2007 – Innovative Biosensors, Inc. (IBI), a company developing rapid, ultra-sensitive tests to detect harmful pathogens for both the clinical and biodefense markets, today announced the expansion of its Scientific Advisory Board.  
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2/7/2007

Maxion Technologies Receives $2.5 Million In Series A Financing From Chart Venture Partners
Maxion Technologies, Inc. manufactures high performance, mid-infrared semiconductor lasers. The company's products, based on the interband cascade (IC) and quantum cascade (QC) laser design, support customers' applications with previously unavailable levels of performance at reduced cost. Maxion's IC and QC lasers enable the development of a new generation of products in a wide variety of chemical sensing, free-space optical communication, and infrared countermeasure markets. Maxion, founded in April, 2000 by a team of scientists and engineers previously employed at the Army Research Laboratory in Adelphi, Maryland, received seed funding from ECentury Capital Partners and the Maryland Venture Fund and today announced closure on a $2,500,000 Series A round of financing with Chart Venture Partners.  
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12/18/2006

RemoteReality, Developer of Next-Generation Intelligent-Omni-Video Systems, Raises $7.3 Million
Westborough, Mass., Dec. 18, 2006 – RemoteReality Corp., the designer and manufacturer of intelligent-omni-video systems with real-time viewing and analysis software for continuous 360° surveillance, conferencing and other applications supporting government, commercial and enterprise business markets, has secured $7.3 million in venture financing. The funding round was co-led by Battelle Ventures and Chart Venture Partners.  
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12/18/2006

Industry Leading SeaMobile Announces Acquisition of European Satellite Provider Geolink
Seattle, WA. and Paris, France. (December 18, 2006) - SeaMobile, Inc., the dominant global provider of at-sea communications, connectivity and content services announced today that it has signed a definitive agreement to acquire Geolink, a pioneer and leading provider of satellite-based broadband communications and networking services with extensive experience serving the European market. Terms of the agreement were not disclosed.  
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10/16/2006

Innovative Biosensors, Inc. (IBI) Expands A Round Financing to Total of $6.25 Million
COLLEGE PARK, Md.--(BUSINESS WIRE)--Innovative Biosensors Inc. (IBI), a company developing rapid, ultra-sensitive tests to detect harmful pathogens, today announced that it has expanded its A round to $6.25 Million in total financing with additional investors, including Chart Venture Partners and CNF Investments, LLC, an affiliate of Clark Enterprises, Inc. (CEI).  
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9/29/2006

Twisted Pair Solutions, Inc. secures $9 million series A in venture capital.
Seattle, WA.- Twisted Pair Solutions, Inc., a leading software company that designs and builds IP-based group communications software, today announced it has closed its first round of venture capital funding, receiving $9 million from an investment group syndicate co-led by Ignition Partners and Core Capital Partners, and to include Chart Venture Partners. This investment will be used to accelerate the company’s rapid growth through an extended focus on sales, marketing and partner development, as well as further advancement of its core WAVE technology.  
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5/12/2006

Chart Capital Partners completes investment in SeaMobile, Inc.
Seattle, WA. and Miramar, FL. (May 11, 2006) - Chart Capital Partners joined several other prominent investors and management with an equity investment to finance SeaMobile, Inc.’s (SeaMobile) acquisition of Maritime Telecommunications Network, Inc. (MTN), the leading provider of satellite-based broadband communications and networking services for the maritime industry. SeaMobile is a leading global provider of advanced at-sea wireless voice, data, and Internet communications services.  
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4/27/2006

Chart Venture Partners Gathers $80M, Looks For $120M Close
Chart Venture Partners scooped up $80 million for its first fund in March and expects a final close with a maximum of $120 million in the fall, General Partner Matthew McCooe said.  
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2/13/2006

TracRac, Inc., completes recapitalization
Fall River, MA - TracRac, Inc. recently completed a secondary equity raise and mezzanine financing. The financing, led by TracRac’s lead investor, Chart Capital Partners, will be used to fund a facility expansion and working capital, research, development and other expenses associated with a rapid increase in forecasted demand for TracRac’s products.  
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