Lattice Incorporated (OTCBB: LTTC), a provider of advanced information and communications technology solutions to the corrections industry and key government agencies, announced today that the company's Government Services division has been awarded a Small Business Innovative Research (SBIR) project for IED (improvised explosive devices) detection with the United States Air Force. The fixed price contract is worth approximately $750,000 and continues for 18 months.
Lattice CEO Paul Burgess said, "The global market opportunity for counter-IED technologies is estimated to exceed $23 billion, according to Homeland Security Research Corporation. This market is expected to expand exponentially as greater numbers of sensor classes and sensors are added to the system, both for IED prediction applications and general decision support functions. We are hopeful this will provide us with a strong entry point into this large market segment."
Source: Lattice Inc.
Date: Jun 13, 2012