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2004 |
| Jan. |
Appropriations Act is signed providing up to $5M Funding for SOCRATES™ Technology in FY04 NASA budget |
| Feb. |
Company stock began trading on the American Stock Exchange under the symbol FLT |
| Feb. |
Company completed public offering of 1,350,000 units at $6 each and received net proceeds from the offering of about $6.8M |
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| May |
Executive Summary document of Denver International Airport test results released. Click here to download complete summary. |
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2003 |
| Feb. |
FY 2003 Omnibus Appropriation Bill is signed adding $4.5 Million to the NASA budget for Flight Safety Technologies' Project SOCRATES™ |
| Sep. |
Company announces successful completion of 3-weeks of field testing at Denver International Airport |
| Dec. |
H.R. 2115, the "Vision 100 -- Century of Aviation Reauthorization Act" is signed into law |
| Dec. |
NASD OTCBB Stock Symbol changed to FSFY due to the 1 for 3 Reverse Split |
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2002 |
| Aug. |
Received Government approval to use two frequencies for UNICORN™ development |
| Sep. |
Listed on the NASD Bulletin Board Exchange under trading symbol FLST |
| Sep. |
Closed $1.7M private placement |
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2001 |
| April |
U.S. Patent # 6,211,808 issued for UNICORN™ |
| Sep. |
Delivered a concept of operations for a Wake Vortex Advisory System to the Government |
| Nov. |
President George W. Bush signs an appropriation bill from Congress, resulting in an additional $2.2M for SOCRATES™ |
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2000 |
| Jan. |
NASA provides additional contract revenues to continue funding research and development of SOCRATES™ |
| March |
U.S. Patent # 6,034,760 issued for SOCRATES™ |
| Nov. |
Closed $2.0M private placement with Spencer Trask |
| Dec. |
Test results from JFK International are reconfirmed at Langley Air Force Base in Hampton, VA |
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1999 |
| July |
Received an additional $4.9M in earmarked appropriations from the U.S. Congress through the FAA to continue work on SOCRATES™ technology |
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1998 |
| Feb. |
Acquired technology rights for UNICORN™ from Advanced Acoustic Concepts |
| May |
First SOCRATES™ "proof-of-principle" test at JFK International Airport declared a success by the FAA |
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1997 |
| Jan. |
Date of incorporation |
| May |
Signed 10-year Teaming Agreement with Lockheed Martin Corporation |
| June |
Received $3.0M in earmarked appropriations from the U.S. Congress through the FAA for research development and testing of SOCRATES™ wake vortex detection technology |
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