Advancing Technology through Entrepreneurship

CHESAPEAKE INNOVATION CENTER EXPANDS FACILITIES

Homeland Security Incubator Doubles in Size

ANNAPOLIS, MD (January 8, 2004) - The Chesapeake Innovation Center (CIC), the nation’s first homeland security focused business incubator, announced today it will expand its facilities. Construction is underway to add 12,290 square feet of space to the CIC facility at 175 Admiral Cochrane Drive in Annapolis, doubling the size of the technology incubator to 24,260 square feet. The additional space will come online in March 2004 and will allow space for up to ten additional emerging technology companies seeking to provide products and services to the homeland security marketplace. The new space will also allow for a 2,000 square foot data center to service the data communications needs of the CIC client companies.

The CIC is a program of the Anne Arundel Economic Development Corporation (AAEDC). CIC partners include the National Security Agency, Nokia Innovent, ARINC, Piper Rudnick, LLP, and Whiteford Taylor and Preston, LLP. Currently, the CIC houses eight client companies and is filled to capacity just three months after its official October 9th Grand Opening.

“The expansion demonstrates the strong demand for CIC’s services and its rapid success in building value for its client companies and the homeland security sector, ” said AAEDC President and CEO Bill Badger.

“We help great new companies realize their potential,” said John Elstner, the Executive Director of the CIC. “Our clients have seen the advantages offered by the CIC program,” he continued, “including a focused network of contacts from federal and state government, defense contractors, and the investment community. This expansion will allow us to team up with more of the cutting-edge companies that are building technologies to keep our country safe and prosperous in the future.”

All entrepreneurs are encouraged to apply for a business presence at CIC, particularly if their focus is in the security, information technology, or communications sectors. Interested parties can find additional information at www.cic-tech.org or by contacting John Elstner at jelstner@cic-tech.org.