SOURCE: Network Foundation Technologies, LLC

January 24, 2007 13:04 ET

National Science Foundation Awards Research Grant to Louisiana-Based Network Foundation Technologies

Research Effort to Expedite Development of Streaming Video Solutions

RUSTON, LA -- (MARKET WIRE) -- January 24, 2007 -- Network Foundation Technologies, LLC (NFT), an innovator in developing and commercializing online video streaming technology that is headquarter in Ruston at the Louisiana Tech Business Incubator, today announced it was awarded a $100,000 grant from the National Science Foundation (NSF), an independent federal agency that supports fundamental research and education across all fields of science and engineering.

NFT's core technology aims to dramatically lower the costs of live and pre-recorded online broadcasting by employing a distributed system that utilizes a portion of the upstream bandwidth of the viewers watching a program to help transmit the broadcast signal on to other viewers. NFT's technology effectively addresses the issue of guaranteeing a specific quality of service to end-users regardless of the turnover that continually occurs in distributed networks, as new viewers tune in to the broadcast and others tune out.

Dr. Les Guice, Vice President for Research and Development at Louisiana Tech, who initially recruited NFT to the University's business incubator said: "The rigorous peer review process of the NSF further validates the great promise that NFT's technology offers the country for commercial success."

The commercial potential of NFT's technology is that it will bring large-scale, low-cost, television-style broadcasting to large audiences via the Internet.

"Network Foundation Technologies is pleased to be the recipient of this competitively awarded National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant. The fact that during this year's competition only about 10% of the more than 1,000 proposals submitted to the NSF SBIR program were selected for funding, speaks to the confidence the National Science Foundation has in NFT's approach to online broadcasting," said Dr. Mike O'Neal, Founder and Chief Scientist of NFT.

About the National Science Foundation

The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering, with an annual budget of nearly $5.47 billion. NSF funds reach all 50 states through grants to nearly 2,000 universities and institutions. Through its Small Business Innovation Research (SBIR) program, NSF provides over $100 million to small companies for developing innovative new products and processes.

About Network Foundation Technology

Network Foundation Technologies, LLC, is a privately held company focused on developing technologies that provide the foundation for Internet-based broadcast networks. NFT was formed in 2001 by Marcus Morton and Dr. Mike O'Neal. The company's NFT-TV player and server combine to create an innovative distributed online broadcast solution that enables large-scale broadcasting of live and pre-recorded audio/video content over the Internet at low cost. Broadcasters using NFT technology include Clear Channel / Live Nation and the nationally syndicated "The WakeUp Show" co-hosted by Sway of MTV. Please visit www.nft-tv.com for more information.

NFT's IP portfolio includes one issued U.S. patent and five pending patents which cover the company's underlying core technologies.

Contact Information

  • Contact:

    Jay Bowen
    509 West Alabama
    Suite 101
    Ruston, LA 71270
    phone: 318.257.5432
    fax: 866.297.9630
    cell: 318.470.3553
    jay@nft-tv.com