KoolSpan Grows Business Out of bwtech@UMBC Research Park
Company joins Northrop Grumman Cync Program at bwtech@UMBC
Baltimore, MD (January 9, 2012) KoolSpan, a company based out of Bethesda, Maryland, has chosen to locate at bwtech@UMBC Research and Technology Park to further develop its business in the Baltimore / Washington area. KoolSpan, Inc. is a privately held cyber security company that provides secure connectivity solutions that unite mission-critical network devices using its high performance TrustChip® technology. UMBC’s strategic location positions KoolSpan to take advantage of an abundance of private and public sector opportunities, particularly in the Baltimore / Washington corridor.
Founded in 2003, KoolSpan has since been a leader in mobile security technology and protection. By the company’s admittance into the Northrop Grumman Cync Program, KoolSpan plans to further promote its product, TrustChip, which turns a standard mobile phone into a trusted and secure networking and communication device. With its TrustChip, a larger number of devices are protected based on the shared encrypted information.
“As a leading innovator in mobile security, KoolSpan is excited to join the Cync program because it will allow us to work closely with Northrup Grumman and UMBC,” said Gregg Smith, CEO of KoolSpan. “The program’s business and technical resources will help to further our product development which helps KoolSpan provide our customers with a world class mobile voice and data security solution.”
“With the help of Rick Geritz who is leading the State’s cybersecurity efforts, we were delighted to recruit a sophisticated innovative product company like KoolSpan to the Cync Program and bwtech’s growing cyber community,” said Ellen Hemmerly, Executive Director of bwtech@UMBC. “We expect strong synergy between UMBC and the company through hiring students and collaborating on research and development.”
KoolSpan plans to use the incubator for further collaboration with Northrop Grumman, access to UMBC staff and students and to have a local office and meeting areas in close proximity to US Government facilities.