WASHINGTON , June 27 /PRNewswire/ -- TeleContinuity, a firm that provides critical government agencies and businesses with backup, survivable voice communications during any disaster, emergency, telecom outage or evacuation has won the 2008 American Security Challenge held in Washington, D.C. June 5 . In addition to TeleContinuity, former Secretary of the Department of Homeland Security Tom Ridge was awarded the Patriot Award for his outstanding service to secure the nation's citizens and assets.
"The government has relied primarily and historically on the private sector to come up with the technology we need to defend and secure America" said Ridge in his acceptance speech. Nearly 100 start-up firms submitted business plans to the nation's only business plan competition devoted to security. "The breadth and depth of the technologies ushering our next generation of security is astounding," said American Security Challenge Chair Roger London , "we are excited and heartened to see the types and level of companies competing for the opportunity to protect our nation."
In conjunction with the 2008 Homeland Security S&T Stakeholders Conference
East, presented by the National Defense Industrial Association (NDIA) with
subject matter support provided by the Science & Technology Directorate (S&T)
of the U.S. Department of Homeland Security, the Challenge selected six
finalists to compete for the chance to win
"The companies we saw are the best of breed in their spaces we see these
technologies important both for homeland security and defense but also for
commercial applications," said Nobska Venture's Dr. Ari Tuchman . Nobska
Ventures funded the
ABOUT NATIONAL SECURITY INITIATIVE (NSI)
The National Security Initiative is a 501 (c)(3) organization devoted to promoting America's long-term national security interests by uniting the power of the market to the power of American ingenuity. One of the vehicles is through the American Security Challenge, an annual business plan contest that brings innovators and investors from around the country together to collaborate and support the best security technology devoted to our country's long-term national security. Learn more about NSI at www.nationalsecurityinitiative.com and about ASC at www.americansecuritychallenge.com
ABOUT NOBSKA VENTURES
Nobska Ventures supports exceptional entrepreneurs and management teams in Israel and the United States with early stage venture capital, experienced strategic and operational counsel, and global market access and relationships. Nobska Ventures brings an active, hands-on investment team experienced in business strategy, technology development and commercialization, sales and marketing, and other skill sets so critical to the earliest stages of a young company's growth. For Israeli companies, Nobska provides a US launch pad and hands-on support in team-building and global market entry. Nobska's investment focus areas include advanced Information and Communications technologies for Enterprise Management and Security, Defense Intelligence and Electronics, Homeland Security and Healthcare. Learn more at www.nobskaventures.com.
ABOUT TELECONTINUITY, INC.
Founded in the wake of September 11, 2001 and its widespread telecommunication outage and congestion, TeleContinuity is focused on providing telecommunications assurance services to businesses and government customers worldwide. TeleContinuity delivers a seamless, low cost, network- level solution that will restore incoming telephone service to users within minutes of a PBX or telephone company outage, fiber cut, fire, flood, typhoon, earthquake, building evacuation, or catastrophic event. TeleContinuity allows government agencies and commercial businesses to maintain command and control during an event and to preserve an agency or business' vital operations and functionality. For more information visit http://www.telecontinuity.com.
Contact: Roger London , Chair,
American Security Challenge (410) 340-5335SOURCE The National Security Initiative
