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For Immediate Release
Ramp Equity Partners and Aerospace Corporation Announce Strategic Agreement.
Seattle, Washington.-- July 16, 2008-- Ramp Equity Partners, LLC (Ramp), and Aerospace Corporation have reached an agreement on commercializing technologies that were created by the Federally Funded Research and Development Lab (FFRDC). “There are few places on the planet that house the experience and technology resources of Aerospace,” says Cliff Monlux, Co-Founder and EVP Corporate Development and Investments of Ramp. “The drive to build technologies to support the United States air assets can naturally create disruptive technologies that have extended commercial value such as GPS. Ramp is focused on commercializing emerging technologies that enable new market opportunities. It’s a great fit,” says Monlux.
“Ramp brings a very unique capability and a disciplined process to emerging technologies,” says Andy Quintero, Director, Technology Transfer and Commercialization for Aerospace. “This clearly has more value than just the investment capital.” Quintero continues, “They bring a blend of deep technical and business resources to the table and we believe they will be a valuable partner for Aerospace and other Federally Funded Research & Development Labs.”
Ramp and Aerospace have established terms and a process to expedite technology licensing and guidelines for engaging Aerospace as a resource to test the commercial applications. Ramp is currently conducting diligence on a number of technologies and vetting the commercial viability and industry value. “We should be able to complete our assessment within a few weeks,” says David Oppenheimer, Co-Founder and Chief Technical Officer at Ramp. “But the initial findings confirm our thoughts about the real value of each of these technologies – it’s pretty exciting.”
About Ramp Equity Partners
Ramp Equity Partners (“Ramp”) specializes in the commercialization of emerging technologies. It invests in disruptive technologies that transform markets or enable new opportunities in four primary sectors including energy, media & communications, nano-scale materials and advanced computing technologies. Along with its extensive network of executive and research advisors, Ramp takes an active role to accelerate market adoption, revenue generation and exit opportunities for its portfolio companies. The firm maintains offices in Seattle, San Jose, Dallas, Nashville and Auburn and may be contacted through its website at www.rampequity.com.
About The Aerospace Corporation
Since 1960 The Aerospace Corporation has operated a federally funded research and development center in support of national-security, civil and commercial space programs. The Aerospace Corporation has assisted the military and intelligence communities in the development and acquisition of our nation's critical defense space assets. Aerospace brings decades of experience in space hardware and software to civil and commercial space ventures. We're applying the leading technologies and the brightest minds in the industry to meet the challenges of space. The Aerospace Corporation is located in El Segundo California, but maintains offices in various military facilities across the country. www.aero.org |
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