Time Domain and GE Corporate R&D Announce Technology Partnership to Develop Ultra Wideband -UWB- Wireless Indoor Network.
HUNTSVILLE, Ala.--(BUSINESS WIRE)--April 24, 2001
Healthcare industry solution could streamline
services, enhance productivity
Time Domain Corporation, a leader in the development of Ultra Wideband wireless technology, and General Electric Corporate Research and Development announced the formation of a multi-million dollar technology partnership to develop an innovative indoor wireless tracking and communications network using Ultra Wideband Radio Frequency (RF) technology. The partnership includes the execution of a potential $3.2 million contract with the U.S. Department of Commerce that will span three years.
The network, known as the Integrated Communication and Tracking System (ICATS), is one of 54 new technology research and development projects awarded by the National Institute of Standards and Technology's (NIST) Advanced Technology Program. The purpose of the Advanced Technology Program is to provide Federal assistance to high-risk, high pay-off technologies that offer significant benefits to the U.S. economy. The objective of the project is to create a single wireless network that integrates communications, precise tracking, and data telemetry for use in hospital and manufacturing environments. The development of the ICATS has the potential to streamline operations, significantly reduce costs and increase the adoption of indoor wireless networks in medical and manufacturing industries.
"This project has the potential to create a major paradigm shift in wireless communications for industry," said Ralph Petroff, CEO and President of Time Domain. "Ultra wideband's unique properties enable advances like this wireless network that can complement existing technology while delivering advances that create entirely new ways of communicating critical and potentially life-saving information."
"Ultra wideband RF technology has the potential to deliver a precise, low-cost means of tracking, locating and communicating with people and assets," said Tom Tomlinson, the program manager with GE Corporate Research and Development. "RF technology that is easy to install, and can co-exist with existing wireless infrastructures will allow the large-scale adoption of wireless networks for commercial applications."
This complementary technology operates at the very bottom of the spectrum known as Part 15 and excels in traditionally noisy wired environments. Time Domain's Pulsed Ultra Wideband solution is radically different from traditional radio because it sends precisely timed pulses instead of traditional sine waves to communicate data and voice. In addition, the technology fuses three capabilities on a single PulsON(R) chipset: wireless communications, tracking and radar.
The program is expected to span three years. Implementation of the program will be dependent on the receipt of a favorable rulemaking from the FCC allowing the transmission of ultra wideband signals on a widespread basis and will require significant development work by Time Domain and GE Corporate Research and Development.
For more information on Time Domain's technology, and the company's PulsON chipset, visit the corporate website at www.timedomain.com. To learn more about GE Corporate Research and Development, visit their website at www.crd.ge.com.
(c) 2001 Time Domain Corporation. PulsON is a registered trademark of Time Domain Corporation.
About Time Domain Corporation
Time Domain Corporation, a worldwide leader in the development of Ultra Wideband technology, has developed and patented the potentially breakthrough wireless technology called PulsON. This technology fuses communications, radar and tracking capabilities into a PulsON chipset that delivers significant performance improvements and capabilities over current wireless standards, and enables entirely new products and industries. PulsON is based on the architecture of Time-Modulated Ultra Wideband (TM-UWB), which was pioneered by Larry Fullerton, the company's founder. Time Domain is teaming with commercial and government partners to deploy the PulsON chipset, which, subject to FCC approval, can be integrated into their products. Time Domain maintains a premier patent portfolio for TM-UWB technology, with more than 204 patents issued or pending worldwide. Time Domain, a privately-held corporation with more than 200 employees, is headquartered in Cummings Research Park in Huntsville, Alabama at 7057 Old Madison Pike. Time Domain also has offices in Washington, D.C. and Orlando, FL. Further information is available on the Internet at www.timedomain.com.
Forward Looking Statements
This press release contains certain forward-looking statements about Time Domain and the capability of its technology that are intended to qualify for the safe-harbor from liability provided by the Private Securities Litigation Reform Act of 1995 and other federal and state laws. There exist several material risks that the forward-looking statements contained in this release may not come true or may be delayed. Readers should view these forward-looking statements with caution and some of the more material risks that could affect these statements are: timely FCC regulatory approval to sell products in U.S. markets; the need to productize its products; the continuing need for significant working capital; the risks applicable to a development stage company, the possibility of unforeseen technological obstacles, the risks of managing growth (resource allocation, business focus and employee retention); the need to employ an effective standards strategy in relation to current standards such as Bluetooth and 802.11; and the possible effects of competition in the fast growing Ultra Wideband and wireless markets.
About GE Corporate Research and Development
GE Corporate Research and Development is one of the world's largest and most diverse industrial laboratories, and the cornerstone of GE's commitment to technical leadership. At GE R&D, over 2,000 people, including 1,500 scientists, engineers, and technicians, work to provide GE's businesses and strategic partners with technological innovations for their future-generation products, processes, and services.
About the Advanced Technology Program
The Advanced Technology Program (ATP) provides cost-shared funding to industry for high-risk R&D projects with the potential to spark important, broad-based economic benefits for the United States. ATP awards are made on the basis of a rigorous competitive review considering scientific and technical merit of each proposal and its potential benefits to the U.S. economy. The program is managed by the National Institute of Standards and Technology. More information is available at: www.atp.nist.gov.