August 17, 2011
Digital Solid State Propulsion LLC (DSSP), an emerging leader in advanced energetic materials and controllable solid rocket motors, today announced a strategic investment and technology development agreement with In-Q-Tel (IQT), the independent strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community.
This strategic partnership between DSSP and IQT will extend DSSP’s Energetic Materials technology development and provide new opportunities for DSSP’s product applications. DSSP’s unique Electric Solid Propellant technology provides a means of throttling and turning on-and-off chemical combustion electrically, with no moving parts.
The company’s products also serve a wide range of customer applications, such as those in commercial space, oil and gas, mining and even entertainment. DSSP’s current customers include the US Navy, Army, Missile Defense Agency and private industry. On the commercial side, DSSP’s Energetic Materials technology was selected by the Oil and Gas Innovation Center as one of the Top Ten Inventions of 2009.
“Partnering with IQT helps us understand the special requirements and end-user needs for some very unique security and intelligence applications,” said Dr. Wayne Sawka, Founder and CEO of DSSP. “The insight provided by IQT and their customers helps us drive technology innovation for both commercial and government applications.”
“DSSP expands our strategic investment portfolio in some important areas. There has always been a relationship between energy and security and we are impressed with this technology’s applicability to span those broad markets,” said Bill Strecker, Executive Vice President and CTO at IQT. “DSSP’s Electric Solid Propellants offer capabilities not possible with legacy technologies that haven’t changed much in more than 50 years.”