News
NiFTy receives SBA’s Tibbetts Award
February 15, 2011
Washington, D.C.- The Small Business Administration has awarded Network Foundation Technologies, LLC (NiFTy) a 2011 Tibbetts Award in recognition of its groundbreaking technology developments and economic impact in northern Louisiana. NiFTy broadcasts online content via patented distribution technology that employs the collective computing capacity of its viewers to deliver streaming audio and video far more efficiently than conventional web broadcasters.
Marcus Morton, NiFTy’s President and Co-founder, accepted the award during a luncheon in Washington, D.C. Morton and other awardees were then guests at a reception at the White House. Qualcomm, Inc. co-founder Dr. Irwin M. Jacobs gave the keynote address. Qualcomm, along with A123 Systems, Advanced Ceramics Research (BAE Systems), ATMI, iRobot, MARTEK, Symantec and Via Sat, were named to the Inaugural SBIR Hall of Fame class, representing the very best of the 30-year SBIR program.
“NiFTy has made great strides with the funding provided by the Small Business Innovative Research (SBIR) program through the National Science Foundation (NSF),” Morton said. “The assistance given our business has made a critical difference in helping us achieve our vision of dramatically reducing the cost of online broadcasting.”
To date NiFTy has been awarded nearly $1.2M in highly competitive SBIR NSF grants.
Sean Greene, the Small Business Administration’s Associate Administrator for Investment and Senior Adviser for Innovation, said this recognition of NiFTy’s success is more than a technological achievement.
“This is a proud day not only for NiFTy but also for northern Louisiana,” said Greene. “Companies like NiFTy represent the best in American ingenuity.”
The National Tibbetts Award is presented to organizations, individuals and small firms whose achievements have been definably aided by SBIR stimulus. The award is named for Roland Tibbetts, who started the SBIR Program at the National Science Foundation.
More than 45,000 patents have been granted to SBIR participants. NiFTy’s patent portfolio consists of 14 total patents – eight awarded and six pending.
About Network Foundation Technologies®, LLC
Founded in 2001, Ruston, Louisiana based Network Foundation Technologies, LLC ('NiFTy') is a name that is quickly becoming synonymous with the online broadcasting of large, live events to worldwide audiences. NiFTy’s patented technology overcomes the scalability and cost bottlenecks associated with online broadcasting, enabling the company to bring large-scale, advertiser-supported, television-style broadcasting to the Internet for the very first time. Please visit NiFTyTV.com for more information.
Contact:
John Grindley
Network Foundation Technologies, LLC
818 Nelson Avenue
Phone: 888.262.9611
Fax: 318.257.5283