Date: Feb 15, 2011 Source: bizjournal (
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WASHINGTON, D.C. -- Loveland-based Numerica Corp., received the 2011
Tibbetts Award from the U.S. Small Business Administration at a ceremony
Tuesday that was followed by a reception at the White House.
The Tibbetts Award honors companies from across the country that
exemplify the very best in the SBA's Small Business Innovation Research
and Small Business Technology Transfer programs. Numerica, a global
leader in tracking and information fusion technology, is one of only 44
Tibbetts Award winners nationwide. Winning companies were selected based
on exceptional innovation, national research and development
advancement, job and revenue growth, and broader benefits to their
economic region.
Numerica has been awarded four STTR and 63 SBIR Phase I and II
government contracts since 2002, directly supporting collaboration
between industry and academic partners and speeding the transition from
research to application. Fueled in part with support from the SBIR
program, Numerica has achieved double-digit primary job growth at the
company's three locations -- in Loveland; Dayton, Ohio; and Pasadena,
Calif. -- and 154 percent revenue growth over the last four years. The
three locations employ 50 people in various high-tech research and
development activities.
"This is a proud day not only for Numerica Corp., but also for Northern
Colorado,´ said Sean Greene, associate administrator for investment and
senior adviser for innovation at the SBA. "Companies like Numerica
represent the best in American ingenuity."
"The SBIR program provides Numerica and other small businesses the
opportunity to make profound scientific advances that serve as the
foundation for solutions we transition to our customers,´ said Numerica
President Jeff Poore. "Being selected as a 2011 Tibbetts Award winner is
a proud moment for our entire team -- employees and collaborators alike.
The SBIR program's support of our research will serve as a cornerstone
of Numerica's success for years to come."
