Sustained success in research and product development is adding significant value to the Company and promises the continued expansion from services to hardware and software products. The development of some hardware products has been closely associated with our system and software engineering services. Based on our experience in submarine systems, for example, SEA CORP’s engineers developed several electronic interfaces which have been incorporated in Navy ships. In addition to military programs, SEA CORP has developed products and provided services in the fields of education, public administration and health-care.
SEA CORP has also taken advantage of the opportunities for growth afforded by the Federal Government’s Small Business Innovation Research (SBIR) Program. Leveraging a concept developed and proven during the course of highly successful SBIR projects, the Company is now prepared to take new products to the production stage.
SEA CORP was recently awarded a patent for an “Improved Torpedo Launching Mechanism and Method.” This remarkable invention uses inflators from standard automotive airbags to launch torpedoes and acoustic countermeasures from Navy ships. In recognition of the advantages of this technology, the Navy is proceeding with the qualification process to introduce these launchers into the fleet as its new standard. SEA CORP continues development of this and other products with a strong Internal Research and Development (IRAD) program, demonstrating a commitment to growth through the targeted application of the Company’s financial and personnel resources.
SEA CORP was recently recognized by the Small Business Administration with the presentation, in a Washington ceremony, of the Tibbetts Award, a national-level prize recognizing technological and business excellence.