TRX Systems Wins TEDCO ICE Award for Corporate Excellence

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TRX Systems is recognized for superior leadership, growth, community involvement in development of indoor location business.

The team at TRX Systems has solved a difficult problem – delivering location indoors, in areas without pre-installed infrastructure.

The Maryland Technology Development Corporation (TEDCO) recently named TRX Systems the winner of its Third Annual Innovation, Corporate Excellence and Entrepreneurship (ICE) Award for Corporate Excellence. TRX Systems is the developer of NEON, an award-winning indoor location system that delivers 3D location for people working in areas where GPS is unavailable or unreliable.

TEDCO’s ICE awards program recognizes outstanding businesses and individuals from its diverse portfolio of more than 300 seed and early-stage companies in Maryland. This year’s event also celebrated TEDCO’s 15th anniversary. Finalists in the Corporate Excellence category were chosen based on: growth in the number of employees, revenues and investments; history with TEDCO; community involvement; and company recognition.

“The team at TRX systems has solved a difficult problem – delivering location indoors, in areas without pre-installed infrastructure,” said Robert A. Rosenbaum, TEDCO President and Executive Director. “Their innovative approach that allows delivery of 3D location without infrastructure has driven growth and interest from key customers within the defense and public safety sectors, and they have been successful in establishing major strategic partners to assist them with delivering total solutions for customers in diverse industries.”

Being right on the mark is important to TRX’s customers because they use NEON to increase safety and command effectiveness for personnel who are often operating in areas without access to reliable GPS. The system uses TRX sensor fusion and mapping to correlate information from a broad array of sensors, including magnetic, ranging, inertial, light, pressure, RF and GPS. This information is combined with dynamically discovered as well as known map information to locate personnel inside buildings or underground (in tunnels or subway stations, for example).

“TRX is part of an exciting growth market - solving the last mile problem by delivering location indoors, where GPS is not available,” said Carol Politi, President and CEO of TRX Systems. “We are honored to receive the TEDCO ICE award for Corporate Excellence, which recognizes our growth due to continued support and purchases from our customers within the US Army, DHS S&T, DARPA and the private sector.”

About TEDCO

The Maryland Technology Development Corporation (TEDCO) is the go-to source for entrepreneurial support and guidance for start-ups and early-stage companies engaged in bringing innovative ideas to market. For more than a decade, the organization has provided funding, mentoring and networking opportunities to support Maryland’s innovation ecosystem.

While founded by the Maryland General Assembly, TEDCO is an independent entity that makes seed/early-stage investments and manages private capital for angel and venture capital funds. It is frequently ranked as one of the most active seed/early-stage investors in the nation. The organization plays a key role in bringing research created in Maryland’s educational institutions and federal laboratories into the commercial marketplace. For more information on TEDCO and its programs and resources, visit http://www.tedco.md.

About TRX

TRX Systems delivers precise, infrastructure free, location and tracking systems for personnel operating indoors and in locations without access to reliable GPS. TRX Systems’ unique sensor fusion and mapping technology greatly improves situational awareness and command effectiveness by providing precise, real-time 3D personnel location in areas that are GPS-denied.

TRX Systems is the recipient of the Innovator Award from the Chesapeake Regional Tech Counsel (CRTC), the Tibbetts Award given by the U.S. Small Business Administration for excellence in government research and development, the Gazette Politics and Business Top 53, and the Incubator Company of the Year by the Maryland Technology Enterprise Institute. TRX Systems also won the Third Annual Global Security Challenge.

For more information visit: http://www.TRXSystems.com.

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