Network Foundation Technologies, LLC: National Science Foundation Awards Research Grant to Louisiana-Based Network Foundation Technologies
National Science Foundation Awards Research Grant to Louisiana-Based Network Foundation Technologies
Research Effort to Expedite Development of Streaming Video Solutions
RUSTON,
LA — (MARKET WIRE) — January 24, 2007 — Network Foundation Technologies, LLC (NFT), aninnovator in developing and commercializing online video streamingtechnology that is headquarter in Ruston at the Louisiana Tech BusinessIncubator, today announced it was awarded a $100,000 grant from theNational Science Foundation (NSF), an independent federal agency thatsupports fundamental research and education across all fields of scienceand engineering.
NFT’s core technology aims to dramatically lower the costs of live andpre-recorded online broadcasting by employing a distributed system thatutilizes a portion of the upstream bandwidth of the viewers watching aprogram to help transmit the broadcast signal on to other viewers. NFT’stechnology effectively addresses the issue of guaranteeing a specificquality of service to end-users regardless of the turnover that continuallyoccurs in distributed networks, as new viewers tune in to the broadcast andothers tune out.
Dr. Les Guice, Vice President for Research and Development at LouisianaTech, who initially recruited NFT to the University’s business incubatorsaid: “The rigorous peer review process of the NSF further validates thegreat promise that NFT’s technology offers the country for commercialsuccess.”
www.nft-tv.com
The commercial potential of NFT’s technology is that it will bringlarge-scale, low-cost, television-style broadcasting to large audiences viathe Internet.
“Network Foundation Technologies is pleased to be the recipient of thiscompetitively awarded National Science Foundation (NSF) Small BusinessInnovation Research (SBIR) grant. The fact that during this year’scompetition only about 10% of the more than 1,000 proposals submitted tothe NSF SBIR program were selected for funding, speaks to the confidencethe National Science Foundation has in NFT’s approach to onlinebroadcasting,” said Dr. Mike O’Neal, Founder and Chief Scientist of NFT.
About the National Science Foundation
The National Science Foundation (NSF) is an independent federal agency thatsupports fundamental research and education across all fields of scienceand engineering, with an annual budget of nearly $5.47 billion. NSF fundsreach all 50 states through grants to nearly 2,000 universities andinstitutions. Through its Small Business Innovation Research (SBIR)program, NSF provides over $100 million to small companies for developinginnovative new products and processes.
About Network Foundation Technology
Network Foundation Technologies, LLC, is a privately held company focusedon developing technologies that provide the foundation for Internet-basedbroadcast networks. NFT was formed in 2001 by Marcus Morton and Dr. MikeO’Neal. The company’s NFT-TV player and server combine to create aninnovative distributed online broadcast solution that enables large-scalebroadcasting of live and pre-recorded audio/video content over the Internetat low cost. Broadcasters using NFT technology include Clear Channel /Live Nation and the nationally syndicated “The WakeUp Show” co-hosted bySway of MTV. Please visit www.nft-tv.com for more information.
NFT’s IP portfolio includes one issued U.S. patent and five pending patentswhich cover the company’s underlying core technologies.
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