Balfour Technologies LLC Recognized by U.S. Small Business Administration for Exceptional Innovation

Written by William Corbett  |  18. February 2011

Bethpage, New York, February 18, 2011 - Balfour Technologies LLC, a leading developer of four-dimensional, integrated visualization technology for a variety of markets, announced today that it has received a Tibbetts Award from the Small Business Administration (SBA) for its state-of-the-art fourDscape ®, situation data and information sharing application. fourDscape amasses vast amounts of situational data and allows it to be viewed and shared in real time in a four-dimensional environment to aid the critical decision making process. The SBA presents the Tibbetts awards to companies and individuals that have advanced technological innovation and economic growth. "This award represents years of hard work and innovation. We participated in a Department of Homeland Security (DHS) Science and Technology Directorate Phase II of the SBA's Small Business Innovation Research (SBIR) program, and this supported our research and product development efforts. We were then able to complete designs, and with Phase III funding, bring to market a system that is deployable and is currently in use in certain sensitive homeland security applications," said Richard Balfour, President Balfour Technologies LLC. Balfour Technologies was one of 44 businesses and eight individuals presented with the award by the SBA. Richard Balfour, President, accepted the award at a ceremony in Washington, D.C., and added, "We are quite especially proud to be the only company nominated by DHS." After the ceremony the recipients met with SBA Administrator Karen Mills and attended a reception at the White House. The Tibbetts Awards are presented to small businesses and individuals judged to exemplify the best in the SBIR program. Named after Roland Tibbetts, who was instrumental in developing the SBIR program, the awards are presented to companies and individuals from all over the United States who promote the mission and goals of the SBIR Program and Small Business Technology Transfer. Balfour's joint venture with V.C.O.R.E. Solutions LLC has given the technology a dynamic present and an exciting future. "V.C.O.R.E. is the go-to-market engine for Balfour's next generation technology," commented Eduardo Browne, V.C.O.R.E.'s Chief Executive Officer. "We're doing our part on the local level to drive President Obama's agenda for job creation. We have reached out to universities, networked with professional organizations, and have recruited twelve people since January 2010. We plan to add more positions based on our recent product acceptance." "Developing new technology that will protect people and preserve our national security is the focus of our organization." said Richard Balfour. "The Tibbetts Award recognition has inspired our growing team to redouble our efforts to innovate and develop and new systems, and also demonstrates that technology innovation is alive and well in the Long Island/New York marketplace," For more information about Balfour Technologies LLC, and its innovative products visit www.bal4.com or www.vcoresolutions.com. -END- ATTACHED PHOTO CAPTION: From left to right - Richard Balfour, Balfour Technologies, LLC President; and Sean Greene, SBA Associate Administrator for Investment and Senior Adviser for Innovation at the presentation ceremony in Washington, D.C. About Balfour: Balfour Technologies LLC is the developer of fourDscape ®, a patented four-dimensional browser that enables automated situational awareness and information sharing for human interaction, analysis, response, and decision making through a fully integrated four dimensional Common Operating Environment. The company has been awarded numerous contracts from The U.S. Department of Homeland Security's (DHS) Science and Technology (S&T) directorate. www.bal4.com About V.C.O.R.E.: Created as a joint venture by Balfour Technologies and Power Management Concepts (PMC), V.C.O.R.E. is the first new company to be launched in the Morrelly Homeland Security Center (Bethpage New York). V.C.O.R.E. provides real world solutions for homeland security, emergency preparedness, and rapid response environments with the goal of becoming the recognized standard in situational awareness visualization. vcoresolutions.com Media Contact: Bill Corbett 516.775.0435 ext. 1 wjcorbett@corbettpr.com

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