NEWS

4Wave Inc Recieves Market Opportunity Award

Sterling, VA, October 19, 2004 – 4Wave Inc receives Market Opportunity Award during  Virginia’s Small Business Research Commercialization Awards ceremony. Six technology firms were announced as reciepeints. This program is designed to recognize the Virginia’s small businesses for achievements or potential in commercializing technology developed under the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs and the Advanced Technology Program (ATP). The awards were announced October 13 at a reception during Virginia’s 10th Annual SBIR Conference in Arlington.

4Wave, Inc., the premier developer of multi-wavelength optical filters on a single chip for Wave Division Multiplexing systems and the recipient of an ATP award from the National Institute of Standards and Technology, received the Market Opportunity Award, which recognizes achievement in the transitional state between a research and development breakthrough and the ability to gain market traction.

“The SBIR, STTR and ATP programs have provided the means for technology innovators in Virginia to explore high-risk research with a commercial end goal, with more than 2,800 Virginia awards totaling in excess of $725 million during the decade the Commonwealth has hosted this event,” said Secretary Huang. “Technology R&D projects like those recognized with this new awards program offer the greatest promise for new jobs and revenue growth for Virginia's small businesses.”

Eligible firms were Virginia winners of Phase II SBIR/STTR awards or ATP awards in the past three years. Applicants competed in a two-stage selection process and were evaluated on technical merit and market potential of the research, company success in commercialization and/or management team capacity to commercialize the research, and on financial potential to support commercialization.

 Members of the awards selection committee were:

Andrea Alms, Spinner Technologies Inc.; Erik Ayers, PricewaterhouseCoopers/Century Club of George Mason University; Daniel Barchi, Carilion Biomedical Institute; Christine Copple, ASM Resources; Michael Cromwell, WWC Capital; Brewster Crosby, New Vantage Group; Gerard Eldering, The MITRE Corporation; Mike Eisenman, Virginia Department of Business Assistance; Verne Harnish, Gazelles Inc.; Bertram Hui, Intel Capital; Marty Jackson, Office of Naval Research; Leif Johnston, Technology Catalyst/Virginia Technology Alliance; Eric Koefoot, Entrepreneur; Jim Lansing, Charlottesville Venture Group; David Lohr, Virginia Biosciences Development Center; Laura Lukaczyk, Avansis Ventures; Brian Meritt, American Express Tax 2 and Business Services; Hugh Montgomery, Virginia’s Institute for Defense and Homeland Security; Don Rainey, Intersouth Partners; Marco Rubin, Exoventure Associates; Dean Rutley, Womble Carlyle Sandridge & Rice; Daryl Scott, Scott Technology Group; Richard Spedden, MeadWestvaco; Julia Spicer, Mid-Atlantic Venture Association; Tom Weithman, Virginia's Center for Innovative Technology


About 4Wave, Inc.

4Wave is the premier developer of atomic layer engineering techniques through ion beam processing innovations. 4Wave’s expertise in ion beam and plasma processing systems, ion/electron/plasma sources and in-situ process monitors for the etching and deposition of thin films has resulted in the development of the Biased Target Deposition Technique. BTD is uniquely suited to demanding nanotechnology advancements in optical, semiconductor and magnetic device industries. (www.4waveinc.com)

About Virginia's 10th Annual SBIR Conference

Virginia’s Center for Innovative Technology (CIT) hosts this annual educational and networking conference for Virginia’s small businesses actively engaged in the federal funding process. This year’s event will be held Oct. 13-14 at the Sheraton Crystal City in Arlington, Va., and features presentations from the federal agencies that fund SBIR/STTR and ATP awards and one-on-one meeting opportunities with federal program managers. (www.cit.org/sbir)

4Wave Contact:
Trey Middleton, VP Business Development
703.787.9283x100
tmiddleton@4waveinc.com

Virginia's Center for Innovative Technology Contact:
Margo Dunn
703.689.3070
mdunn@cit.org