From: X-Laboratories, LLC
Posted: Thursday, September 6, 2001
X-Laboratories Adds Another World-Renowned Technology Developer to Its Arsenal
X-Laboratories announced the signing of a Memorandum of Understanding (MOU) with The Jet Propulsion Laboratory (JPL) to evaluate and commercialize selected technologies emerging from JPL. JPL is an operating division of the California Institute of Technology (Caltech). This agreement will combine X-Laboratories ``assembly-line'' business model and technology development partners with JPL research in a variety of disruptive technological fields.
``It is a privilege to have the opportunity to work so closely with a facility like JPL. The business model we have developed fits perfectly to the rapid commercialization of core technologies born at JPL.'' Gerard Casale, CEO/Chairman of X-Laboratories.
X-Laboratories, along with Venture partner Arcturus Capital, development partner HRL Laboratories and research partner Pepperdine Law School's Center for Entrepreneurship and Technology Law will provide JPL/Caltech with ongoing commercial evaluations of the potential of select JPL technologies, and will bridge the gap between VC and scientific realms for JPL by establishing the infrastructure required to commercialize these technologies. As a result of this agreement X- Laboratories will work with JPL/Caltech to develop viable businesses from these technologies. X-Laboratories expects to integrate the work performed at HRL Laboratories with its future projects at JPL in an effort to supply the commercial marketplace hungry for core technology companies with new state-of-the-art applications, software and hardware.
``It has been a pleasure working with JPL and Caltech in cultivating this unique relationship,'' said Casale. ``We look forward to the launch of X-Labs initial JPL sourced project.''
``JPL has a strong interest in fostering the commercialization of its technologies. The X-Laboratories model provides us with an evaluation and pathway to the marketplace that can demonstrate the value of space-derived technology to the taxpayer.'' Al Pappano, Manager, Collaborative Technology Development Office at JPL.
About X-Laboratories, LLC
Malibu, Calif.-based X-Laboratories is the first true technology developer where venture capitalists and scientists work hand-in-hand identifying, developing and deploying large market technologies of the future. X-Laboratories is impacting the R&D cycle by being a vehicle for research labs -- like R&D powerhouse HRL Laboratories -- that want to commercialize technology. Drawing from a diverse pool of researchers and marketing, business, and legal professionals, the company is changing the way technology is brought to market. Further information can be found at http://www.xlaboratories.com.
About The Jet Propulsion Laboratory
JPL is NASA's lead center for robotic exploration of the solar system. It is an operating division of the California Institute of Technology (Caltech), which manages JPL under a prime contract with NASA. JPL is world-renowned for its advances in deep-space exploration and technology development. JPL is making advances in various technologies with new instruments and software that among other things will enable U.S. spacecraft to travel further and U.S. telescopes see farther than ever before. Some areas of expertise and research for JPL are robotic development, microdevices including MEMS gyroscopes, virtual exploration, deep space network communications, in addition to many others. Further information can be found at http://www.jpl.nasa.gov.
About the California Institute of Technology
Located in Pasadena, California, Caltech is a small, coeducational university dedicated to exceptional instruction and research in engineering and science. The student body is composed of about 900 undergraduate and 1,000 graduate students who maintain a high standard of scholarship and intellectual achievement. With an outstanding faculty -- including several Nobel Laureates -- and such off-campus facilities as the Jet Propulsion Laboratory, Palomar Observatory, and the W. M. Keck Observatory, Caltech is one of the world's major research centers.
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