IN THE NEWS
TeleContinuity, Inc. Awarded $1.74 million NIST/ Advanced Technology Program Grant
September 10, 2003 TeleContinuity, Inc. of Silver Spring, MD has been awarded a $1.74 million National Institute for Standards and Technology (NIST) Advanced Technology Program grant to build out its patent pending system for telecommunications disaster-recovery.
TeleContinuity's seamless, low cost, network-level solution will restore incoming telephone service to users within minutes of a terror attack, PBX failure, fiber cut, fire, flood, building evacuation, telco infrastructure failure or other catastrophic event. TeleContinuity's patent pending technology will enable users to be reached at their existing telephone extensions -- via any network, any device, and at any location -- as though no service disruption had ever occurred. Business and government operations can resume within minutes following a communications disruption, minimizing or even eliminating the economic and/or governmental impact that would have resulted from the interruption.
The TeleContinuity system links the Public Switched Telephone Network (PSTN) with the flexibility, survivability, and robustness of the Internet to create a unique, seamless, and ubiquitous telephone disaster recovery capability able to be deployed within minutes. In the event of a disaster, telephone traffic will be routed around network congestion and network failure points by a combination of path diversity, network diversity, geographic dispersion, and distributed network architecture.
Insurance carriers will pay $40 billion to cover losses from the 9/11 attacks with more than $11 billion to cover claims for business-interruption alone. A reliable disaster-proof telecommunications technology could potentially save billions of dollars by mitigating business losses and potentially lowering insurance premiums. TeleContinuity's technology will also fulfill specific stipulations in Federal legislation to provide a range of services and products necessary to defend against unconventional attacks on critical infrastructure.
TeleContinuity, Inc. was founded by Roy Pinchot, President and CEO, Raul Vera, Chief Technical Officer, and Michael Rosenberg, Executive Vice President. All have extensive backgrounds in telephony, information technology, marketing and sales. The ATP supports projects that industry cannot fully fund on its own because of significant technical risks. ATP awards are made on the basis of rigorous, competitive peer review considering scientific and technical merit of each proposal. In addition, awards are based on the potential for broad-based economic benefits, the need for ATP funding, and evidence of a clear commercialization pathway and broad diffusion. For more information about the ATP, go to www.atp.nist.gov, or call (800) ATP-FUND (287-3863).
Contact for Information:
Roy Pinchot
Chief Executive Officer
Tel: (240) 453-6235
Email: rpinchot@telecontinuity.com