HOUSTON, Jan. 10 (UPI) -- Texas Gov. Rick Perry announced aerospace research company StarVision Technologies Inc. has received a Texas Emerging Technology Fund award.
The Texas-based StarVision Technologies received the commercialization award by the Texas ETF from the Houston Technology Center and Gulf Coast Regional Center of Innovation and Commercialization.
StarVision Technologies, a spinoff technology company under Texas A&M University, is a developer of unmanned vehicle, government and commercial satellite and advanced missile systems technologies for the aerospace industry.
"This investment from the Emerging Technology Fund accelerates the growth of StarVision Technologies and leverages our capacity to attract and create new, high-value jobs in the aerospace industry which will form the future technology backbone of the Texas economy," Michael Jacox, StarVision Technologies president and chief executive officer, said in a statement.
Officials say the $750,000 Texas ETF award is for the completion of the company's trademarked SpeedStar altitude determination sensor system.
"HTC is privileged to be a part of this state-wide effort to elevate our emerging technology sector and universities and make Texas a strong competitor in the global marketplace," said Walter Ulrich, Houston Technology Center president and chief executive officer. "Texas ETF results thus far have had great benefits to the state, the region and our community."