FTI in the News
Frontier Technology, Inc. Wins Tibbetts Award for Small Business Innovation Success in White House Ceremony
June 15, 2015, Washington, D.C.: Frontier Technology Inc. (FTI) was awarded the 2015 Small Business Innovation Research (SBIR) Tibbetts Award, presented today at a White House Ceremony. Since the SBIR Program began, over 30,000 companies have been involved and this year the Tibbetts Award was given to just 23 businesses, judged to exemplify the very best in innovative research. After receiving the award from President Obama’s Cabinet Member, Maria Contreras-Sweet (SBA Administrator), FTI’s CEO and President, Ron Shroder commented “We are blessed to have a talented staff and innovative customers working as a team to facilitate the development of a series of decision aids to help customers structure, analyze and visualize complex data sets. FTI’s goal continues to be the use of these decision aid technologies to empower our clients through data driven decisions. Our passion aligns with the Congressional intent of the SBIR Program, which is to commercialize these technologies through the use of the sole source Phase III strategies. We hope that our customers’ recent awarding of over $100,000,000 of Phase III contracts is just the beginning of an aggressive growth period for our employee owners.”
SBA Administrator, Maria Contreras-Sweet, presents Tibbetts Award to FTI’s CEO, Ron Shroder, in White House ceremony
FTI’s Founder, Lavon Jordan, created an entrepreneurial company focused on innovation to help Department of Defense customers. His influence created a culture focused on decision support technologies, originally matured through a series of Phase I and Phase II awards. Now, the FTI Team realizes that our customers are seeking to make informed decisions to help support our Armed Forces during a time of budget cuts and the DoD Sequester. These are a series of complicated decisions that need to be optimized. FTI designed a suite of Decision Aids to help customers gain the additional insight necessary to extend the life of key DoD systems while reducing the program costs, and to develop new systems that provide best value to the war-fighter.
FTI’s recent awards include support for the Air Force, Navy, Army, Missile Defense, Office of Secretary of Defense, and Department of Energy over a broad range of applications / areas including Cyber Security, Space Systems, Sustainment, Energy Consumption, Intelligence, Data Management and more. FTI also has had recent success in the Rapid Innovation Fund (RIF) program. An employee-owned small business with approximately 100 employees, FTI has offices in Beavercreek, OH; Goleta, CA; Huntsville, AL; Chesapeake, VA; Beverly, MA; and Colorado Springs, CO. Additional information is available at www.fti-net.com.
FTI is honored to be one of the less than 1 % of small businesses to be selected for the Tibbetts Award. According to the SBA website, the Tibbetts award winners such as FTI exemplify technology innovation, business achievement/collaboration and demonstration of state, regional, and national impact. Additional details about FTI’s award are included on page 26 of the “Tibbetts & SBIR Hall of Fame Award Booklet,” posted on the Small Business Administration’s website.