U.S. Department of Energy Selects NowVertical Group for Three-Year Direct Award Contract
11 Oktober 2022 - 2:30PM
NowVertical Group Inc. (TSX-V: NOW) (“
NOW” or the
“
Company”), a big data, analytics, and vertical
intelligence (“
VI”) software and solutions company
is announcing today that Allegient Defense, NOW’s US-based
subsidiary, is on the winning team for a 36 month, seven-figure
direct award in support of the U.S. Department of Energy’s (DOE)
technology transfer activities. Under the contract, Allegient will
work as a team with the Office of Technology Transitions (OTT) to
increase data analysis and visualization capabilities across
multiple departments within the DOE.
The OTT serves as the central hub for the
technology transfer activities across the DOE’s extensive research
and development enterprise. Under the new three-year agreement,
Allegient will, in conjunction with its teaming partners at
Energetics, LLC and the Fila Group, provide program analysis,
management, strategic planning, research, and evaluation across the
OTT’s research and development portfolio. Building on its previous
relationship with the DOE, Allegiant will utilize its expanded
solution set to empower practical analytical tools and information
for assessing its program's overall performance and success in
meeting its mandates.
“Our work with the DOE is another successful
example of how NOW enables transformation at enterprise scale,”
said Daren Trousdell, Chairman and CEO of NOW. “Technology transfer
is a complex and dynamic process, and NOW is excited to show real
results for their analytics investment. By utilizing NOW’s software
platform, alongside our teams’ decades of public sector experience,
we look forward to providing the DOE and its departments with some
of the most advanced analytical capabilities available in the
marketplace today.”
About The Office of Technology
Transitions
Comprised of 17 national labs and sites, the
OTT’s world-class scientific researchers, and an extensive
portfolio of intellectual property, it focuses on ensuring
ground-breaking scientific discoveries achieve their maximum public
return and impact, advancing the economic, energy, and national
security interests of the United States.
About NowVertical Group
Inc.
NOW is a big data, analytics, and VI software
and solutions company growing organically and through acquisition.
NOW's VI solutions are organized by industry vertical and are built
upon a foundational set of data technologies that fuse, secure, and
mobilize data in a transformative and compliant way. The NOW
product suite enables the creation of high-value VI solutions that
are predictive in nature and drive automation specific to each
high-value industry vertical. For more information about the
Company, visit www.nowvertical.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
For further information, please contact: Daren Trousdell, Chief
Executive Officere: daren@nowvertical.comt: (212) 302-0868
or
Glen Nelson, Investor Relationse: glen@nowvertical.comt: (403)
763-9797
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