Monday, November 2, 2009

Wireless Grids Corporation Invited to the WICAT Semi-Annual Review

AUSTIN, Texas -- Varsity Media Group Acquisition Corp, a wholly owned subsidiary of
Varsity Media Group Inc., announced its Wireless Grids Corporation (WGC) has been invited to participate in the Semi-Annual Wireless Internet Center for Advanced Technology (WICAT) Review being held on November 19th and 20th, 2009 at the University of Virginia. Industry members, collaborating Universities, and the National Science Foundation (NSF) have discussed and agreed to formally extend an invitation to both WGC, and the Syracuse University (SU) lab to attend this upcoming members-only meeting, to begin to discuss ideas and issues for the Wireless Grid Innovation Testbed (WiGiT).As we announced earlier in the month, WiGiT, of which WGC is participating, was recently awarded a $600K grant by the NSF Partnerships for Innovation (PFI) program. Academic institutions including, University of Virginia, New York University's Polytechnic, Virginia Tech, and Auburn University will also be presenting. Corporate partners include, QUALCOMM, SRC, Agilent Technologies, Inc, Applied Signal Technology, Inc., BEA Systems, Intel, Lockheed Martin, Motorola, Northrop Grumman, Tyco Electronics, US Army Space and Terrestrial Communications Directorate to name a few.

Virginia Tech's Dr. Tamal Bose, co-Director of WICAT and co-PI for WiGiT, said, "As Co-Director of WICAT, I am delighted that the innovative work of Wireless Grids Corporation and the goals of the ambitious WiGiT project, which I am proud to co-lead, will be shared with WICAT members."

Syracuse University Vice President for Research Gina Lee-Glauser said, "It is truly a pleasure to see a company born at Syracuse University from an earlier Partnerships for Innovation project, nurtured in the SU CASE incubator - Wireless Grids Corporation - contributing its time and expertise to this new Syracuse University - Virginia Tech - coordinated partnership for innovation."

WICAT is a multi-university R&D center sponsored by the National Science Foundation (NSF) under its program of Industry/University Cooperative Research Centers (I/UCRC), of which there are about 40. Polytechnic University is the lead institution in WICAT. The mission of WICAT is to collaborate with industry research partners to create flexible, efficient, and secure wireless networks that satisfy communication needs in businesses, in the home and in the lives of individuals. WICAT researchers work closely with industrial sponsors through the Industrial Affiliates Program. The research programs help the sponsoring industries to increase the value of their investments in wireless technology by providing them with insight into leading edge technologies, and strategies for leveraging technology investments. WICAT was initially established at Polytechnic University with support from the New York State Office of Science, Technology and Academic Research (NYSTAR) in 2001. Additional information regarding WICAT can be found by visiting www.wicat.poly.edu as well as the NSF portal www.nsf.gov .

As we announced earlier in the month, Varsity Media Acquisition Corp completed its merger with The Wireless Grid Corporation, which was spun out of Syracuse University to commercialize the research concepts and intellectual property produced in its labs. The WGC software based solution, is a next generation application that transforms computer networking and wireless infrastructures (all devices) ability to interact seamlessly with zero to little configuration. WGC has been recognized as one of the '9 Wireless Companies to Watch' (Network World, 8/2008).

Along with its four pending patents, WGC's planned software products will allow devices to function interchangeably and some of the most recent highlights include:

•Intel® Certified Program Partner
•Nokia - Academic Research Support Partner
•Syracuse University - Academic Research Partner
•National Science Foundation (NSF)- Academic Research Support Partner

VMG is also very close to finalizing several additional announcements as it relates to leadership, product development and other significant relationships. Upon successful business integration of WGC in the VMG structures, VMG intends to continue its outreach and expand beta testing of its software solution beginning late in 2009 and into early 2010 with corporate and government agencies in the U.S., which could include partnerships with Intel, Sprint, Newhouse/Brighthouse, Twitter, Qualcomm, Clear Channel, National Science Foundation (NSF) and Syracuse Research Corporation.

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