New Vice President at CTC, Inc.

NASA Awards CTC a New Five-Year Contract



Media Releases

For Immediate Release
Contact: Judy Rovins
Phone: (800) 237-7203

NASA Awards CTC a New Five-Year Contract

NASA has announced the Center for Technology Commercialization, Inc. (CTC, Inc.), headquartered in Westborough, Massachusetts, as the winner in its competitive selection concerning a five-year contract for the operation and management of its Northeast Regional Technology Transfer Center. Cited for its superior knowledge of NASA's needs, and outstanding past performance, CTC Inc. will receive a total value of $7.13 million.

Space exploration is NASA's primary role. But America's space agency has an additional mission to transfer technology developed for space applications to U.S. Industry. To assist with this technology transfer, NASA has announced its intention to award contracts for the operation and management of four of its six Regional Technology Transfer Centers. Clear winners have not yet emerged in the Southeast and Mid-Atlantic Regions. Operating since 1992, NASA's six centers serve several thousand customers every year.

As a Regional Technology Transfer Center, CTC provides a wide spectrum of commercialization services to companies seeking to find and use new technology. Information searches, technology scouting, competitive analysis, and analysis of technological needs and/or problems are offered. CTC also offers support in product definition, market analysis and strategic planning, all pertaining to new technology based products.

CTC also assists the public safety community in the adoption and utilization of cutting edge technology to improve the safe and efficient delivery of police, fire and emergency services.

CTC in cooperation with NASA also provides an outreach program to assist minority and women-owned businesses access and to use advanced technology. CTC's Business Outreach Center is funded by NASA to aid small Northeast firms to compete for NASA contract opportunities.

CTC has regional headquarters in Massachusetts and satellite offices to serve New England, New York and New Jersey. Regional offices are located in Connecticut, Massachusetts, New Hampshire, New Jersey, Metro New York and upstate New York, Vermont and Rhode Island. CTC's senior personnel are accomplished technologists with hands on experience building businesses.

Dr. Richard A. Callahan, CTC's President commented: "Our mission is to make American companies more competitive through product and process definition, technology acquisition and product commercialization. We have extensive experience in positioning start-up companies to attract capital; to interface with venture capitalists and in restructuring troubled companies. We are, of course, very proud that NASA has once again chosen CTC, over all competitors, to commercialize their technology."

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