BANGALORE: LisleTech, the subsidiary of the US-based Lisle Technology
Partners, in Bangalore has announced a tie up with X-Laboratories. LisleTech is
engaged in developing and commercializing core technology identified at major
research labs and other government and private facilities, for core technology
development.
The project would be executed, in part, at LisleTech’s development center
at Bangalore. Lisle Tech will develop the final stage software components of
select X-Laboratories prototypes. As also its technical advisor, LisleTech will
assist X-Labs in the evaluation of certain software-based product-concepts.
"The X-Laboratories model for bringing technology innovation to market,
makes perfect sense", said Lisle Technology Partners CEO Adarsh Arora.
"R&D scientists benefit from partners like X-Laboratories since
commercialization of a concept requires a dedicated team with an even deeper
insight into how the market will accept it, which X-Laboratories is good
at."
"Sourcing and managing the highest quality resources to execute our
phase development schedule is critical to our plan, said X-Laboratories CEO
Gerard Casale. "We are excited about the alliance with LisleTech because
they clearly understand the technology commercialization process as well as the
venture capital market. Unlike most consulting firms, they have successful
first-hand experience in moving R&D sourced concepts through the
commercialization cycle."
X-Laboratories is in the midst of developing nine core technology prototypes
with its corporate lab development partner, HRL Laboratories (formerly known as
Hughes Research Laboratories), ranging from a super-fast cascaded chipset design
to an automated datamining algorithm to a broadband modem. HRL Laboratories, is
jointly owned by General Motors (GM), Boeing (BA) and Raytheon (RtA).