Triton Receives Tibbetts Award at White House Ceremony
January 10, 2017, Chelmsford, MA: Triton Systems, Inc. (Triton) announced today that it has received a Tibbetts Award from the US Small Business Administration during a White House ceremony in Washington D.C. This prestigious national award award is given to companies who have successfully leveraged Small Business Innovation Research (SBIR) grants and have generated great value to the firm and to the nation.
Triton, a business and technology incubator, received the award for successfully transitioning SBIR-derived technologies from Department of Defense agencies into revenue-generating companies serving government and commercial markets.
“We are extremely honored to be recognized with this award,” said Ross Haghighat, President and CEO. Triton prides itself on innovation and commercialization and the SBIR program has helped us realize proven technologies that impact the world around us.”
Triton is a global technology development, incubation, and venturing firm. Its successful spinout businesses have attracted over $400M in investment and generated tens of millions of dollars in revenue, while creating over $1B in shareholder value with award winning products that have been showcased at some of the world’s largest technology events.
About the Tibbetts Award
The Tibbetts Award honors the SBIR/STTR program participants and supporters that have created a significant economic or social impact through the use of SBIR/STTR funding and are considered the best of the best from the thousands of firms that currently participate in the program. The award is named in honor of the late Roland Tibbetts, who was instrumental in developing the SBIR/STTR programs through a career-long dedication to small business entrepreneurship, applied research and technological breakthroughs.
The SBIR/STTR programs represent the nation's largest source of early stage research and development funding for small businesses. The programs are administered by the SBA in collaboration with 11 federal agencies, who collectively supported more than $2.5 billion in federal research and development funding. Additional information about the programs, the upcoming SBIR/STTR national conference and the SBIR Road Tour can be found at www.sbir.gov.
About Triton Systems, Inc. (www.tritonsystems.com)
Triton Systems, (Triton) was founded as a technology and business incubator in 1992. Headquartered in Chelmsford, MA, Triton has grown to a global footprint by taking breakthrough ideas in a broad range of disciplines and creating a series of commercial products and independent spin-offs, represented by over $2B in shareholder value across its portfolio of companies. By partnering in-house technical, business and financial expertise with targeted external resources, Triton delivers creative solutions to the marketplace through licensed products, joint ventures and independent entities. Company spinoffs, products and divisions include: FRX Polymers, Inc. (www.frxpolymers.com), Aduro Biotech (www.aduro.com), FRA Composites (www.fracomp.com), Invexus (www.invexus.com), Si2 Technologies (www.si2technologies.com), VOmax (www.vomax.com) and the Egret™ Bednet Tent (www.invexus.com/egret/).
CONTACT: Diane Wilson, Triton Systems, Inc., 200 Turnpike Road, Chelmsford, MA 01824 Tel: 978.250.4200 x138 . Fax: 978.250.4533 Email Address: email@example.com . Web site address: www.tritonsys.com