Item 8.01. Other Events
The Company has received notice from the Army that it has been competitively
selected for award of a Phase I Small Business Technology Transfer (STTR)
contract. The award is for the development of Standoff Electronic Denial
systems. The objective of this award is to develop a directed energy system
capable of disrupting, disabling or destroying the electronics on a remote
target within milliseconds of detection. The award is contingent upon successful
negotiations with a
STTR is a federally funded program to incorporate small business technological innovation into Government supported Research and Development programs. STTR's require the small business to formally collaborate with a university or non-profit and are structured in three phases.
A copy of the press release announcing the award is attached to this report as
an exhibit and provides additional details and reactions from the Company's CEO,
Item 9.01. Financial Statements and Exhibits
Exhibits Exhibit 99.1 Press Release, issuedDecember 26, 2019 1
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