Latest news with #OtherTransaction
Business Wire
12-05-2025
- Business
- Business Wire
EdgeCortix Becomes First Japanese and Semiconductor Company Awarded U.S. Defense Innovation Unit Contract
TOKYO--(BUSINESS WIRE)--EdgeCortix® Inc., a pioneering fabless semiconductor company specializing in energy-efficient edge Artificial Intelligence (AI), today announced it has been awarded an Other Transaction (OT) agreement by the United States Defense Innovation Unit (DIU). This marks the first time a Japanese company and its U.S.-based subsidiary have secured such an award, highlighting EdgeCortix's growing prominence in advanced AI solutions. The OT, awarded in February 2025, empowers the DIU to rapidly evaluate and eventually deploy EdgeCortix's cutting-edge hardware and software solutions across diverse U.S. Department of Defense (DoD) edge applications. These include critical areas involving AI-powered vision and generative AI technologies. 'We are deeply honored to be the first Japanese company selected for a DIU contract, a testament to the innovative edge AI solutions our team has developed,' said Dr. Sakyasingha Dasgupta, CEO of EdgeCortix. 'This partnership not only validates our commitment to advancing energy-efficient AI technologies but also opens up transformative opportunities to contribute to critical global and national security challenges. We are thrilled to collaborate with the DIU team, whose seamless and easy-to-navigate process has made exploring the potential of our solutions across diverse domains—from space and aerial platforms to land-based systems—a rewarding experience. Together, we aim to redefine what's possible in Defense at the edge.' Under this initiative, EdgeCortix will demonstrate how its solutions can significantly enhance mission capabilities for military personnel while optimizing platforms, systems, and components utilized across the DoD. The collaboration aligns with DIU's Resource Optimized Compute program, which seeks to advance modern AI and machine learning systems capable of efficiently collecting, processing, and distributing mission-critical information at strategically decisive speeds. This program aims to ensure a strategic information advantage for national and global security operations across air, space, sea, ground, and cyber platforms. Key applications targeted include advanced AI analytics, real-time decision support systems, autonomous operations, and enhanced situational awareness. Through a structured, multi-phase process, EdgeCortix and DIU will collaborate with various DoD agencies, leading U.S. defense, aerospace companies and NASA to leverage EdgeCortix technology: Benchmarking performance and efficiency of the SAKURA-II AI edge accelerator. Validating radiation resilience of the SAKURA-II accelerator for space applications. Exploring opportunities for deployments across DoD platforms. This collaboration underscores EdgeCortix's milestone achievement as the first Japanese company to receive DIU funding, significantly advancing edge AI solutions for national and global security. DIU Project Spotlight: Hybrid Space Communications Network Leverages Commercial Technology, Enabling Faster Decision-Making on the Battlefield: About EdgeCortix Inc. Pioneering the future of the connected intelligent edge, EdgeCortix is a fabless semiconductor company focused on energy-efficient AI processing of Generative-AI workloads at the edge. Founded in 2019 with R&D headquarters in Tokyo, Japan, EdgeCortix delivers a software-first approach with its patented 'hardware and software co-exploration' system to design an AI specific runtime reconfigurable accelerator from the ground up. EdgeCortix's products disrupt the rapidly growing edge AI hardware markets including defense, aerospace, smart cities, industry 4.0, autonomous vehicles and robotics. For more information about EdgeCortix, visit .
Yahoo
12-05-2025
- Business
- Yahoo
EdgeCortix Becomes First Japanese and Semiconductor Company Awarded U.S. Defense Innovation Unit Contract
Milestone Positions EdgeCortix to Drive Breakthrough Efficient AI Edge Solutions for U.S. Defense Operations TOKYO, May 12, 2025--(BUSINESS WIRE)--EdgeCortix® Inc., a pioneering fabless semiconductor company specializing in energy-efficient edge Artificial Intelligence (AI), today announced it has been awarded an Other Transaction (OT) agreement by the United States Defense Innovation Unit (DIU). This marks the first time a Japanese company and its U.S.-based subsidiary have secured such an award, highlighting EdgeCortix's growing prominence in advanced AI solutions. The OT, awarded in February 2025, empowers the DIU to rapidly evaluate and eventually deploy EdgeCortix's cutting-edge hardware and software solutions across diverse U.S. Department of Defense (DoD) edge applications. These include critical areas involving AI-powered vision and generative AI technologies. "We are deeply honored to be the first Japanese company selected for a DIU contract, a testament to the innovative edge AI solutions our team has developed," said Dr. Sakyasingha Dasgupta, CEO of EdgeCortix. "This partnership not only validates our commitment to advancing energy-efficient AI technologies but also opens up transformative opportunities to contribute to critical global and national security challenges. We are thrilled to collaborate with the DIU team, whose seamless and easy-to-navigate process has made exploring the potential of our solutions across diverse domains—from space and aerial platforms to land-based systems—a rewarding experience. Together, we aim to redefine what's possible in Defense at the edge." Under this initiative, EdgeCortix will demonstrate how its solutions can significantly enhance mission capabilities for military personnel while optimizing platforms, systems, and components utilized across the DoD. The collaboration aligns with DIU's Resource Optimized Compute program, which seeks to advance modern AI and machine learning systems capable of efficiently collecting, processing, and distributing mission-critical information at strategically decisive speeds. This program aims to ensure a strategic information advantage for national and global security operations across air, space, sea, ground, and cyber platforms. Key applications targeted include advanced AI analytics, real-time decision support systems, autonomous operations, and enhanced situational awareness. Through a structured, multi-phase process, EdgeCortix and DIU will collaborate with various DoD agencies, leading U.S. defense, aerospace companies and NASA to leverage EdgeCortix technology: Benchmarking performance and efficiency of the SAKURA-II AI edge accelerator. Validating radiation resilience of the SAKURA-II accelerator for space applications. Exploring opportunities for deployments across DoD platforms. This collaboration underscores EdgeCortix's milestone achievement as the first Japanese company to receive DIU funding, significantly advancing edge AI solutions for national and global security. DIU Project Spotlight: Hybrid Space Communications Network Leverages Commercial Technology, Enabling Faster Decision-Making on the Battlefield: About EdgeCortix Inc. Pioneering the future of the connected intelligent edge, EdgeCortix is a fabless semiconductor company focused on energy-efficient AI processing of Generative-AI workloads at the edge. Founded in 2019 with R&D headquarters in Tokyo, Japan, EdgeCortix delivers a software-first approach with its patented "hardware and software co-exploration" system to design an AI specific runtime reconfigurable accelerator from the ground up. EdgeCortix's products disrupt the rapidly growing edge AI hardware markets including defense, aerospace, smart cities, industry 4.0, autonomous vehicles and robotics. For more information about EdgeCortix, visit View source version on Contacts For media inquiries, please contact: Jeffrey Grosman, EVP Marketing & US Operationsjeffrey@
Yahoo
07-03-2025
- Business
- Yahoo
Hegseth mandates streamlined software acquisition approach in new memo
Defense Secretary Pete Hegseth this week issued a mandate to Defense Department acquisition offices requiring all new programs that rely on software to use existing tools aimed at delivering those capabilities faster. In a memo dated March 6 and released publicly Friday, Hegseth directs all DOD components to use the Pentagon's Software Acquisition Pathway, as well as other authorities created to leverage commercial capabilities — all in an effort to speed up the process for fielding software-heavy systems. 'The Department of Defense has been slow to recognize that software-defined warfare is not a future construct, but the reality we find ourselves operating in today,' Hegseth said in the memo, which is addressed to all senior Pentagon leaders, combatant commanders and field activity directors. 'When it comes to software acquisition, we are overdue in pivoting to a performance-based outcome and, as such, it is the warfighter who pays the price.' Senior defense officials told reporters Friday the memo is the first of what will likely be a series of steps from Hegseth, who has said on several occasions he wants to change the way the military buys and builds both software and hardware. The officials requested anonymity to speak freely about the secretary's guidance. The Defense Department created the Software Acquisition Pathway in 2020 as the recommended approach for buying software. The pathway offers a tailored acquisition mechanism, recognizing that software can't, and shouldn't, be procured under the same process as an aircraft or ship. DOD program offices adopted the approach fairly broadly, and today 82 programs representing each of the military services are using the pathway to buy a range of capabilities — from command-and-control systems to cyber. The problem, according to one official, is that the pathway hasn't been combined with other authorities designed to attract and take advantage of commercial capabilities. Those authorities include an approach championed by the Defense Innovation Unit called a Commercial Solutions Opening, a type of solicitation that allows startups and non-traditional defense companies to sell products and services to DOD. DIU also leverages a contracting tool called Other Transaction awards, which isn't subject to the same regulations as a standard contract and allows the government to award contracts on faster timelines. As part of Hegseth's memo requiring use of the Software Acquisition Pathway, he calls for acquisition organizations to make Commercial Solutions Openings and Other Transaction contracting approaches 'the default' for buying capabilities. 'Department components are prohibited from implementing further guidance on this point that would set out restrictive measures, guidelines, frameworks, directives or policies other than required by statute,' he said. The under secretary of acquisition and sustainment, as well as DIU — because of its experience with these tools — will craft an implementation plan over the next month. DIU expects to see an uptick in the number of program offices wanting to work with the organization to procure software using these methods, one official said. As part of the implementation plan, the department will identify what resources DIU will need to support the increased workload and help train acquisition officials on how to use these authorities. 'The combination of DIU innovation with acquisition modernization is creating a streamlined mechanic to both deliver capability fast and simultaneously open up the industry base to a broader audience,' one official said.
Yahoo
05-03-2025
- Business
- Yahoo
United States Department of Defense Awards Mott Corporation $1.9 Million Agreement for the Joint Hypersonics Transition Office
New Agreement Reinforces Mott's Commitment to Strengthen National Security and Defense Industrial Base FARMINGTON, Conn., March 5, 2025 /PRNewswire/ -- Mott Corporation, a leading innovator in metallic filtration & fluid flow solutions, announced today a $1.9 million Other Transaction (OT) Agreement award from the Department of Defense. This OT Agreement is specifically aimed at advancing a prototype development for additively manufactured componentry, utilizing advanced porous materials on Hypersonics systems. "Mott has built a reputation for delivering disruptive solutions at record speed through collaboration with its customers," said Sean Kane, GM of Aerospace & Defense at Mott Corporation. "While defense and space industries are pushing technology boundaries, we also must drive cost savings for long-term sustainability. Mott is proud to embrace the challenge of furthering hypersonic technology and build on our heritage as a trusted partner in the defense industrial base." The OT Agreement through Naval Surface Warfare Center Crane Division (NSWC Crane), will support the Joint Hypersonics Transition Office. These high-performance systems require specialized light-weight designs that can withstand extreme conditions. This OT Agreement follows Mott's $10 million federal grant for clean energy technology. These two significant federal agreements underscore Mott's growing impact and leadership in delivering mission-critical, customizable solutions for the Department of Defense and other domestic partners. Mott's ability to meet the complex demands of these industries positions the organization as a key player in shaping the future of both defense and energy sectors. About Mott Corporation Mott Corporation, part of the IDEX Corporation portfolio, is a leading microfiltration business specializing in the design, customization, and manufacturing of sintered porous metal components and engineered solutions used in fluidic applications. Mott combines design expertise for thousands of applications with the power of cutting-edge technology to create highly engineered products. Founded in 1959 in Farmington, CT, Mott is globally known for its reliability and unmatched dependability, serving the highest-cost of failure applications. With approximately 500 employees, Mott partners with world-class customers with demanding technical specifications to design, engineer, produce, and employ innovative products to solve their most challenging filtration and flow control problems. For more information, visit or follow them on LinkedIn. For more information contact: Sean O'Brien (sobrien@ View original content to download multimedia: SOURCE Mott Corporation
