MYSTIC, CT--(BUSINESS WIRE)--Flight Safety Technologies, Inc. (AMEX: FLT) was notified that it was selected by the U.S. Air Force to receive a Small Business Innovative Research (SBIR) contract award to investigate the applicability of its UNICORN airborne radar technology to UAV (Unmanned Aerial Vehicles) collision avoidance requirements.
SBIR projects typically involve an initial feasibility study (Phase I) for about $100,000 that is subject to availability of funds and successful negotiation of terms with the government. Successful completion of a Phase I contract may be followed by a proposal for a demonstration (Phase II), which typically is funded at $500,000 to $750,000. Receipt of a Phase I award does not obligate the government to award a Phase II follow-on contract and there can be no assurance as to whether or when the Company will receive a Phase II contract.
About Flight Safety Technologies, Inc.
Flight Safety Technologies, Inc. is a development stage company pursuing advanced technologies aimed at enhancing safety, security and efficiency for the aviation industry. These new technologies include AWSM, SOCRATES, UNICORN and TIICM. The Aircraft Wake Safety Management (AWSM) system is being developed to provide a total airport system solution to the need for increased airport capacity with enhanced safety. SOCRATES is an airport based laser acoustic sensor for the detection and tracking of wake vortex turbulence. UNICORN is an airborne radar for collision avoidance using state of the art components to achieve low cost, small size and light weight. TIICM is an airborne passive countermeasure initiative to protect airliners against the threat of certain terrorist missile attacks.
Flight Safety Technologies, Inc.
Samuel Kovnat, 860-245-0191
Chairman and CEO