Defense Stocks News; DHS Recent Designations; Wave Dispersion Technologies, Honeywell (NYSE: HON), L-3 Communications (NYSE: LLL) Support Anti-terrorism by Fostering Effective Technologies
SUMMIT, N.J. — April 18, 2011 — (Investorideas.com newswire, Homelanddefensestocks.com) Investorideas.com , a leader in sector stock research including defense and security stocks reports on recent DHS designations for Support Anti-terrorism by Fostering Effective Technologies Act of 2002, or "SAFETY Act", including private company, Wave Dispersion Technologies, and defense stocks Honeywell (NYSE: HON ) and L-3 Communications (NYSE: LLL ).
The SAFETY Act provides important legal liability protections for providers of Qualified Anti-Terrorism Technologies – whether they are products or services. The goal of the SAFETY Act is to encourage the development and deployment of new and innovative anti-terrorism products and services by providing liability protections. https://www.safetyact.gov/
The following technologies have been granted "Designation" pursuant to 6 U.S.C. § 441-444 (the Support Anti-terrorism by Fostering Effective Technologies Act of 2002, or "SAFETY Act") and 6 C.F.R. Part 25 (Regulations to Support Anti-terrorism by Fostering Effective Technologies):
Wave Dispersion Technologies, Inc. April 8, 2011 – Wave Dispersion Technologies, Inc., a New Jersey corporation provides WhisprWave® Small Craft Intrusion Barrier™ (the “Technology”), a modular, rapidly deployable floating security barrier system designed to enhance maritime security by deterring, delaying, or impeding small boats traveling at high speed from approaching protected targets. Anchoring of the Technology is customized for each installation and involves use of a commercially available marine-grade anchoring system, based on need. This Designation will expire on March 31, 2016.
Honeywell International Corporation March 16, 2011 – Honeywell International Corporation provides Enterprise Building Integrator. The Technology is a common software control architecture used to control a building or facility’s security, life safety, and/or building maintenance (heating, cooling, ventilation, etc.) functions. The Technology also includes design, installation, integration, maintenance support, and customer training, and documentation services provided by Honeywell. The Designation for this Technology does not apply to or provide coverage for Acts of Terrorism that utilize chemical, biological, radiological, or nuclear (CBRN) agents or materials. This Designation will expire on March 31, 2016.
The Port Authority of New York and New Jersey February 28, 2011 – The Port Authority of New York and New Jersey provides the Protective Sleeve for Suspension Bridge Suspender Rope Damage Mitigation. The Technology is a sleeve made of steel and cementitious material. It is designed to increase resistance of bridge suspender ropes to various threats. This Designation will expire on March 31, 2016.
L-3 Communications Security and Detection Systems, Inc. and L-3 Communications Corporation February 23, 2011 – L-3 Communications Security and Detection Systems, Inc. and L-3 Communications Corporation provide the ProvisionTM SC-100 (also known as the Scout 100) and ProVisionTM 360 (also known as the SafeScoutTM 360). The Technology is a line of security portals that use millimeter-wave scanning technology to produce three-dimensional images of subjects to detect threat objects. The Technology also includes training, installation, maintenance services, manuals, and technical documents. This renewed Designation will expire on March 31, 2016.
Company Snapshot: Wave Dispersion Technologies, Inc
Wave Dispersion Technologies, Inc. reports the WhisprWaveÒSmall Craft Intrusion Barrier (SCIB) and the WhisprWaveÒVessel Exclusion Barrier (VEB) products are now designated as Qualified Anti-Terrorism Technologies (QATT). Wave Dispersion Technologies, the industry’s premier provider of boat barriers and floating security barriers, has earned the prestigious United States Department of Homeland Security (NYSEARCA:DHS) SAFETY Act Designation.
The Support Anti-terrorism by Fostering Effective Technologies Act of 2002 (SAFETY Act) provides important legal liability protections for providers of QATT, and for customers who use them. The goal of the SAFETY Act is to encourage providers to develop and deploy new and innovative anti-terrorism products and services by providing risk mitigation and liability protections. Congress has stated that the purpose of the SAFETY Act is to "ensure that the threat of liability does not deter potential manufacturers or sellers of anti-terrorism technologies from developing and commercializing technologies that could save lives."
WhisprWaveÒ Boat barriers provide a strong deterrent against the threat of a small boat being used to deliver a Water Borne Improvised Explosive Device (WBIED) against another vessel, maritime critical infrastructure, or other key resources. This specific scenario was detailed as a real and significant threat in the Department of Homeland Security’s Small Vessel Security Strategy published in 2008 and updated in 2010.
“We feel that WDT’s WhisprWaveÒ boat barriers SAFETY Act designation will help us to better support DHS’s overall mission, mitigate the small boat threat, provide growth opportunities for our small business and lead to job creation,” said Dennis G. Smith, Founder and CEO of WDT.
To qualify for the SAFETY Act Designation, WDT submitted a formal application to the DHS that underwent a technical and economic evaluation. Technologies eligible for SAFETY Act status include products, equipment, services, devices and information technologies. These must be intended to limit the harm that might result from acts of terrorism and to detect, identify, prevent or deter such acts.
“Very few companies have achieved this type of approval from DHS, and the level of scrutiny involved is extraordinary. This definitely represents a vote of confidence in the technology,” said Dana Rozycki of Rozycki Associates, LLC, a consulting firm that assisted with the application process.
For more information, visit www.whisprwave.com or call Jonathan B. Smith at (908) 233-7503.
About Wave Dispersion Technologies, Inc.:
Wave Dispersion Technologies, Inc. is the world’s leading manufacturer and marketer of floating security barriers and floating wave attenuators, with over 50 product installations, on four continents, of its patented WhisprWaveÒ line of innovative maritime solutions for the following markets: government, military, commercial and consumer. The Company has been developing the technology for 15 years and holds eight Domestic and International Patents for design and utility, with another 20 patents pending. The Company has received U.S. Department of Homeland Security SAFETY Act Designation and the products have been designated as Qualified Anti-Terrorism Technologies (QATT).
About Rozycki Associates, LLC:
Rozycki Associates, LLC assists federal contractors with contracts management and regulatory compliance, with a focus on GSA Schedule negotiation and management.
Jonathan B Smith
Chief Operating Officer
Wave Dispersion Technologies, Inc.
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