Coretec Group Inc (CRTG)

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3DIcon proposes strategy to obtain federal funding:

http://www.menafn.com/73902ea1-208d-4466-9478-3036d789ca67/3DIcon-proposes-strategy-to-obtain-federal-funding?src=MWHEAD

Mar 05, 2014 (Menafn - M2 EQUITYBITES via COMTEX) --3DIcon Corporation TDCP, a developer of three-dimensional projection display technologies, on Tuesday outlined its strategy for securing federal grant and contract funding over the next 12 months.

According to the company, it will be pursuing funding opportunities that are a part of the US Federal government's approximately USD136bn FY14 R&D budget and whenever possible take advantage of programmes designed to help small business during the higher risk phases of technology commercialisation.

Also, the company said it intends to pursue these opportunities and effectively compete by forming interdisciplinary teams with potential strategic partners (large and small), academic and commercial laboratories and system integrators providing integrated data visualisation solutions.

Reportedly, the principal targets for this strategy include the Obama Administration's multi-agency priorities of advanced manufacturing and information technology; the DOD's priorities to reduce the cost of developing, testing, and manufacturing new weapon systems, enhance training and operation of autonomous systems and accelerate data-to-decisions and FAA's ongoing priority to enhance air traffic control systems.The company said that this process is already underway with the recent submission of a proposal to the US Army Night Vision and Electronic Sensors Directorate[/u]. Additional submissions are planned over the next six months approaching USD10m of requests for multi-year funding.

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