Raytheon Co. and Bridge Energy Win Innovation Awards at Marlborough Business Innovation Summit
Inaugural event recognizes two of Marlborough’s key innovative industries.
Marlborough, MA, October 06, 2010 --(PR.com)-- At the inaugural Marlborough Business Innovation Summit held recently, Mirick O’Connell Business Innovation awards were presented to Raytheon Company in the large business category and Bridge Energy Group in the small business category.
The awards were presented to the companies that best demonstrated the commercialization of a technology. The award criteria included: the product and its benefits; the product development plan; market conditions such as the problem solved by the product and customers for the product; competitive advantages including the intellectual property position, the advantages as compared to competitive products and other barriers to entry by competitors.
Raytheon Company won for its product TELOS (Tactical Extension of Line of Site) system, a secure, small, lightweight, easy-to-operate beyond line of site communications terminal for forward-deployed troops. TELOS can provide high-bandwidth communications typically 50 to 100 miles over mountains by bouncing communications off of the troposphere. The Army has selected the system for funding. Multiple prototypes have been tested by U.S. forces and the system should soon be tested in Afghanistan. The judging panel was particularly impressed by Raytheon’s ability to leverage its deep 40 years’ experience in communications systems to solve the problem of communicating over long distances in mountainous and difficult terrain without using satellites.
Bridge Energy Group won for its Open Smart Grid Reference IT Architecture (Open SGRA). This is an information technology architecture for integrating and interoperating smart-grid related systems. It is the only such architecture that is open in that it is vendor neutral and technology agnostic. The plan is to deploy the product as a solution to consulting customers. The company has deep expertise and experience in IT for the smart grid. In providing consulting to such customers, it will sell Open SGRA as a means for customers to develop an integrated IT system. The judging panel was particularly impressed by the depth of the team and their plan to sell as an adjunct to specialized consulting that the team is uniquely equipped to provide.
Over 50 companies attended the summit organized by the Marlborough Economic Development Corporation and Mirick O’Connell. The awards were presented by state Housing and Economic Development secretary Greg Bialecki and senior members of the Mirick O’Connell team.
About MEDC
Marlborough Economic Development Corporation (MEDC), formerly Marlborough 2010 Corporation is the state chartered economic development corporation for the City of Marlborough, MA and represents a public-private partnership for planning. It works with municipal and private investors to foster economic development, job growth and community revitalization and development in the city.
About Mirick O’Connell
Mirick O’Connell is a full-service business law firm with offices in Worcester, Westborough and Boston, Massachusetts. Founded in 1916, Mirick O’Connell combines leadership and depth of experience to bring innovative solutions to the issues facing its diverse client base. The firm serves clients throughout New England, the United States and abroad. Mirick O’Connell’s clients comprise public and private corporations, innovative start-ups, school systems, municipalities, and non-profits. In addition, the firm’s Trust and Estates Group serves both institutional and individual clients.
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The awards were presented to the companies that best demonstrated the commercialization of a technology. The award criteria included: the product and its benefits; the product development plan; market conditions such as the problem solved by the product and customers for the product; competitive advantages including the intellectual property position, the advantages as compared to competitive products and other barriers to entry by competitors.
Raytheon Company won for its product TELOS (Tactical Extension of Line of Site) system, a secure, small, lightweight, easy-to-operate beyond line of site communications terminal for forward-deployed troops. TELOS can provide high-bandwidth communications typically 50 to 100 miles over mountains by bouncing communications off of the troposphere. The Army has selected the system for funding. Multiple prototypes have been tested by U.S. forces and the system should soon be tested in Afghanistan. The judging panel was particularly impressed by Raytheon’s ability to leverage its deep 40 years’ experience in communications systems to solve the problem of communicating over long distances in mountainous and difficult terrain without using satellites.
Bridge Energy Group won for its Open Smart Grid Reference IT Architecture (Open SGRA). This is an information technology architecture for integrating and interoperating smart-grid related systems. It is the only such architecture that is open in that it is vendor neutral and technology agnostic. The plan is to deploy the product as a solution to consulting customers. The company has deep expertise and experience in IT for the smart grid. In providing consulting to such customers, it will sell Open SGRA as a means for customers to develop an integrated IT system. The judging panel was particularly impressed by the depth of the team and their plan to sell as an adjunct to specialized consulting that the team is uniquely equipped to provide.
Over 50 companies attended the summit organized by the Marlborough Economic Development Corporation and Mirick O’Connell. The awards were presented by state Housing and Economic Development secretary Greg Bialecki and senior members of the Mirick O’Connell team.
About MEDC
Marlborough Economic Development Corporation (MEDC), formerly Marlborough 2010 Corporation is the state chartered economic development corporation for the City of Marlborough, MA and represents a public-private partnership for planning. It works with municipal and private investors to foster economic development, job growth and community revitalization and development in the city.
About Mirick O’Connell
Mirick O’Connell is a full-service business law firm with offices in Worcester, Westborough and Boston, Massachusetts. Founded in 1916, Mirick O’Connell combines leadership and depth of experience to bring innovative solutions to the issues facing its diverse client base. The firm serves clients throughout New England, the United States and abroad. Mirick O’Connell’s clients comprise public and private corporations, innovative start-ups, school systems, municipalities, and non-profits. In addition, the firm’s Trust and Estates Group serves both institutional and individual clients.
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Contact
Marlborough Economic Development Corporation
Ajita Perera
508 229 2010
Ajita Perera
508 229 2010
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