NAVSYS Named “2006 Most Successful Company Resulting From an SBIR Award”

Colorado Springs, CO, March 8, 2006 – NAVSYS Corporation has been named the “2006 Most Successful Company Resulting from an SBIR Award” by SBIR Colorado. The award was presented by SBIR Colorado at its 5th Annual Conference and Awards Banquet held in Denver on March 8, 2006.

NAVSYS Corporation, an R&D company pioneering in GPS and Inertial Navigation innovation, was founded in 1986 by Dr. Alison Brown. NAVSYS Corporation and Dr. Brown have received numerous awards. Most recently, Deloitte & Touche named NAVSYS to its Technology Fast 50 list in 2004 and 2005. NAVSYS also won a coveted showcase position at the 2005 DEMOGala sponsored by the Colorado Software and Internet Association (CSIA) in December 2005. Dr. Brown also was named Entrepreneur of the Year for 2005 by Colorado Celebrates Technology. For more information on NAVSYS Corporation, see www.navsys.com.

SBIR Colorado is a non-profit corporation which educates and promotes the effective use of the Small Business Innovative Research Program (SBIR) and the Small Business Technology Transfer (STTR) Program as a significant source of funding for start-up and emerging high-tech businesses in Colorado. For more information about SBIR Colorado, visit www.sbircolorado.org.

The Small Business Innovative Research Program (SBIR) is a highly competitive program that encourages small business to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.

The Small Business Technology Transfer (STTR) Program is an important new small business program that expands funding opportunities in the federal innovation research and development arena. Central to the program is expansion of the public/private sector partnership to include the joint venture opportunities for small business and the nation's premier nonprofit research institutions. STTR's most important role is to foster the innovation necessary to meet the nation's scientific and technological challenges in the 21st century.

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