Arlington, VA (PRWEB) May 14, 2013
Mav6 today announced that they have concluded their first phase of restructuring. Since September 2012, the fast-growing defense technology company has divested four business units, most notably their Airship business, which was responsible for building the Air Force’s Blue Devil airship. Having shed several high-level executives with the divestures, the company is once again led by its original founders: Adam Jay Harrison and Major General Buford "Buff" Blount, U.S. Army (Retired).
Harrison commented, “We recognize a shift in Federal Government technology acquisition strategy – a shift away from large-scale, long-term Research and Development contracts -- a growing preference for purchasing proven technologies developed with private R&D investment.” He continued, “This shift represents a smart way for the Government to reduce risk.” In response to the changing Government acquisition environment Mav6 is observing, the company is investing its own capital to incubate promising new technologies and align them with existing and anticipated Government requirements. Mav6’s specific area of technology focus is what they refer to as the “Image to Information Value Chain.” Harrison explained that the company is actively investing in building prototype camera systems with advanced information processing capabilities. The company is also actively seeking outside capital to augment their investments in these systems. Harrison commented, “We believe we are well positioned at the intersection of commercial technology and Defense and National Security requirements.” Mav6 plans to have a working prototype of their camera system ready to demonstrate later this year.
The company is currently redesigning their website to reflect their changed focus. In the interim, they re-posted their “Manifesto for the Edgefighter,” which according to Harrison, is “intended to serve as a reminder of the company’s founding principles.”
Mav6 was established in May 2007 by Adam Jay Harrison and Major General Buford "Buff" Blount, U.S. Army (Retired) to fill a need in the global defense and security market for rapidly conceived, concept-to-implementation technology solutions to emerging global security challenges. Mav6 was ranked 230th on Inc. Magazine’s 2012 list of the nation's fastest-growing private companies; the company was ranked 373rd in 2011.