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POTOMAC TECH WIRE -- June 5
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Sponsored by: NVTC's Impact AI Summit – June 15 - 18 – Virtual Event
o Nasdaq Hits All-Time Intraday High on Friday
o NASA Launches “Entrepreneurs Challenge” For New Ideas, Participants
o Steve Worley, Steve Worley Join HawkEye 360’s Board of Directors
o Pace Analytical Acquires Dulles-based Aerobiology Laboratory Associates
o KastleSafeSpaces Platform Being Used for Reopening of Nestle HQ Building
> NVTC's Impact AI Summit – June 15 - 18 – Virtual Event
o Briefly Noted: TrustedQA, UNCF - Amazon
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o Nasdaq Hits All-Time Intraday High on Friday
Washington, D.C. -- After the release of a much stronger-than-expected monthly employment report on Friday, the tech-heavy Nasdaq Index briefly climbed to a record high on Friday. Business Insider reported that the Nasdaq hit its all-time high of 9,741.97 at 10:32 a.m. before slipping. The Nasdaq index is up nearly 9% for 2020, and up over 25% since March lows. Local tech stocks with major price moves in late-day trading on Friday included Comscore (up 7%), TEGNA (up 6%), Alarm.com (up 4%) and Markel (up 4%).
https://markets.businessinsider.com/news/stocks/nasdaq-100-index-intraday-record-erases-stock-market-coronavirus-losses-2020-6-1029282191
https://www.cnbc.com/2020/06/04/stock-market-futures-open-to-close-news.html
o NASA Launches “Entrepreneurs Challenge” For New Ideas, Participants
Washington, D.C. -- NASA has just launched a new pilot program -- called Entrepreneurs Challenge -- that aims to bring new ideas and participants to important technology areas for the space agency, including AI, machine learning, robotics and advanced sensors. The program will award up to $100,000 in prize funding to various winners with the potential for even more follow-on funding from the space agency’s Small Business Innovative Research program. The program has a three step process, with winners being announced after each step. "We want to be sure we're not leaving good ideas on the table or missing the contributions some of these potential partners could make to the exciting science missions coming up,” said Michael Seablom, NASA's chief technologist for science, in a news release.
https://nasa-science-challenge.com
o Steve Worley, Steve Worley Join HawkEye 360’s Board of Directors
Herndon, Va. -- HawkEye 360 Inc., the Herndon-based company developing a network of satellites, has named two new members to its board of directors with significant expertise in the defense industry. The new directors are Steve Worley, vice president & COO of cybersecurity, training and services within Raytheon Intelligence and Space; and Steve Worley, president & chairman at Airbus U.S. The company has raised nearly $100 million in venture capital. Its investors include Airbus, Esri, Raytheon and Razor's Edge Ventures. Using a formation of satellites, HawkEye 360 is able to provide analytics and data for maritime, emergency response, and spectrum analysis applications.
https://www.he360.com/hawkeye-360-adds-more-defense-industry-expertise-to-their-board-of-directors/
o Pace Analytical Acquires Dulles-based Aerobiology Laboratory Associates
Dulles, Va. -- Pace Analytical Services, a Minneapolis-based laboratory network focused on environmental and life sciences services, announced that it is acquiring Dulles-based Aerobiology Laboratory Associates, a microbiology testing laboratory company. Financial terms of the deal were not disclosed. Aerobiology Laboratory provides environmental microbiology testing services at eight locations across the country.
https://www.aerobiology.net/
https://www.pacelabs.com/company/news-and-insights/Pace-Acquires-Aerobiology-Laboratory-Associates-Inc.html
o KastleSafeSpaces Platform Being Used for Reopening of Nestle HQ Building
Falls Church, Va. -- Falls Church-based Kastle Systems, a building security provider, and Monday Properties, the real estate investment company, are coming together on a technology implementation for buildings that are reopening. The two companies will use Kastle’s new building platform -- called KastleSafeSpaces -- at Nestle’s U.S. headquarters building in Arlington. The system includes touchless access points, social distancing protocols and contact tracing support.
https://www.kastle.com/kastle-systems-partners-with-commercial-real-estate-leader-monday-properties-to-pioneer-kastlesafespaces-a-covid-19-safety-platform-for-office-buildings-and-suites/
