LOS ANGELES, Oct. 8, 2019 /PRNewswire/ -- Today, Hawkeye Systems, Inc. (OTCQB: HWKE), a next-generation imaging technology company, is pleased to announce that it has entered into a Cooperative Research and Development Agreement (CRADA) with the Department of Defense (DOD).
The CRADA agreement marks a pivotal milestone for Hawkeye to work collaboratively with the DOD within their various departments to streamline process and further build upon their technology capabilities. Hawkeye will work exclusively to provide technologies and systems that meet DOD capability gaps.
Hawkeye Systems is tasked with developing innovative technologies, materials, components, material combinations, software, modeling, simulations and systems for various DOD applications. The goal is to provide an enhanced operational capability to DOD assets through the development of novel solutions and technologies. Through the interaction and cooperation authorized by this CRADA, the DOD and Hawkeye Systems will develop technologies tailored for Department of Defense needs.
"The CRADA is a true testament to the work and capabilities of our core technology and systems, and we're excited to be collaborating with the DOD," said Corby Marshall, founder and Chief Executive Officer of Hawkeye Systems. "At Hawkeye, we have the ability to create sustaining products that will not only help improve DOD operations, but also can make a difference for the different components of the DOD that benefit from our unique technologies."
Hawkeye Systems will also add U.S. Navy Consultant, Shawn Petre, as a principal consultant focusing on all issues related to the Department of Defense. Mr. Petre has served in the U.S. Navy and will bring over 22 years of experience as a Naval Aviator.
"Hawkeye's cutting-edge technology has received high praise from the U.S. military, which is extremely encouraging. The military needs their technology capabilities to assist military operations regarding ground and airborne surveillance and reconnaissance," said Shawn Petre. "Having worked with the best teams in the Department of Defense, I understand the current needs that exist for Hawkeye's technology and the gaps we can fill. I look forward to securing more contracts and opportunities for our company."
At the time of his retirement from active duty, Mr. Petre was considered one of the Department of Defense's foremost experts at airborne surveillance and new technology development and deployment. He earned a bachelor's degree in Chemistry from the College of the Holy Cross.
As previously announced, Radiant Images Inc.'s technology such as AI-powered body-worn cameras, Wide Area Motion Imaging (WAMI) for surveillance, reconnaissance, and intelligence-gathering, and increased automation through imaging-based inspection and analysis across intelligence, surveillance and reconnaissance will greatly assist DOD's technological advancement.
About Hawkeye Systems, Inc.
Hawkeye Systems, Inc. is an American next-generation imaging technology company developing products and services for military, police and the safety of civilians. The company is focused on developing cutting edge optical imaging products and services to assist the military and police forces with Intelligence, Surveillance, and Reconnaissance (ISR).
Hawkeye was founded by a U.S. Military Academy (West Point) graduate, as well as film and entertainment industry leaders. We are researching, designing, and developing technology systems to protect and assist our military, police officers and first responders while helping keep civilians safe from all threats both foreign and domestic. Hawkeye: See It, Analyze It, Prevent It®.
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to the development of technology, our growth strategy and product development, progress under the CRADA, and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; our dependence on third-party suppliers and partners; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. Important factors that may cause the actual results to differ from those expressed within may include, but are not limited to: the success or failure of Hawkeye's efforts to successfully market its camera; systems, other products and services as scheduled; Hawkeye's ability to attract and retain quality employees; the effect of changing economic conditions; increased competition; the ability of Hawkeye to obtain adequate debt or equity financing. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.