Sarnoff Corp. in Nat. Security Venture

Sarnoff Corporation, Princeton, and its not-for-profit parent, SRI International of Menlo Park, California, announced a procurement agreement for a new joint venture, Rosettex Technology & Ventures Group.

This project for the National Imagery and Mapping Agency is to advance and commercialize technologies of high interest to the U.S. Government's National Technology Alliance. The NTA was founded in 1987 to discover and advance commercial and dual-use technology innovations to meet national security and defense needs.

The project is to advance three technology areas of critical interest to the military and intelligence services. They include imagery, geographic information systems and cartography; digital processing, analysis, and management and digital technology infrastructure. The agreement is for five years and is potentially worth more than $200 million.

Author: Business News New Jersey