STRATFORD, Conn., Nov. 29, 2016 /PRNewswire/ -- Sikorsky, a
Lockheed Martin company (NYSE: LMT), today announced LiquidPiston
as the winner and Spinar America as a Special Recognition awardee
of the 7th Entrepreneurial Challenge.
The Entrepreneurial Challenge, driven by Sikorsky Innovations,
the technology development organization of Sikorsky, is designed to
accelerate innovators and disruptive technology concepts with
applications for the vertical flight market.
LiquidPiston, based in Bloomfield,
Connecticut, specializes in development of compact,
powerful, quiet, efficient, low-vibration, scalable, multi-fuel
capable rotary combustion engines, based on its patented High
Efficiency Hybrid Thermodynamic Cycle. LiquidPiston received a
$25,000 cash prize along with an
opportunity to explore opportunities for LiquidPiston's technology
with the Sikorsky product line.
Based in Dover, Delaware,
Spinar America is an augmented and virtual reality technology firm
that develops complete, custom immersive experiences. Spinar
received a Special Recognition award for its exceptional entry of
advanced augmented reality visualizations and applications to
austere operating environments, including remote aircraft
maintenance, using Epson Moverio AR glasses. With this recognition,
Sikorsky will continue to explore potential alignments with
existing technology needs.
"We have come to expect strong entrants from each new
Entrepreneurial Challenge, and the seventh iteration did not
disappoint. We look forward to working with LiquidPiston and
Spinar, along with the rest of our existing awardee portfolio, to
continue to develop the next generation of valuable technologies
for our military and commercial customers," said Chris Van Buiten, vice president of Sikorsky
Innovations. "At a time when Sikorsky is celebrating its first
anniversary as part of the Lockheed Martin family, opportunities
for our awardees have expanded to not only include interfacing with
the leaders in vertical flight, but also with leaders who produce
portfolios ranging from undersea to outer space products."
"The competition has set a standard as one of the longest
running, consistent, external open innovation initiatives in the
aerospace industry," said Jonathan
Hartman, Sikorsky Entrepreneurial Challenge lead. "It
is a testament to Sikorsky's commitment to partner with the best in
the world that can help usher in the future of vertical flight
regardless of their size or scale."
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately
98,000 people worldwide and is principally engaged in the research,
design, development, manufacture, integration and sustainment of
advanced technology systems, products and services.
Logo -
http://photos.prnewswire.com/prnh/20141118/159313LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/sikorsky-innovations-names-7th-entrepreneurial-challenge-awardees-300369872.html
SOURCE Lockheed Martin