Brentwood, TN, October 7, 2010 - The U.S. Army announced the awarding of its Extended Support Program contract to VEXTEC Corporation to evaluate the viability of a "cold spray" repair process technology for critical helicopter components.This technology has been evaluated by several helicopter OEMs as a means to reduce Army and Navy helicopter repair time and cost. However, standard work process flows to produce the required levelof understanding of a new technology is a slow and expensive process. VEXTEC was selected to help accelerate that process through the use of its VirtualLife ManagementTM and Virtual TwinTM product simulation technologies.
U.S. Patent Office confirms company’s powerful simulation technology remains unrivalled in its ability to predict long term durability and costs.
Brentwood, TN, January 6, 2010 – The U.S. Patent & Trademark Office recently awarded VEXTEC Corporation its third patent protecting the intellectual property upon which the company’s Virtual Life Technology is built. Patent No. 7,480,601, the third in a series of patents the company has applied for, furthers VEXTEC’s ownership stake of probabilistic, microstructure material forecasting technology. VLM predicts the in-service reliability of manufactured fleets of parts and will soon be launched through the company’s new Virtual Twin™ licensed simulator product offering.
Firm is selected from thousands of US-based companies for the quality of its management, technology, and opportunity.
Brentwood, TN, September 16, 2009 – After months of sifting through the financials, business and technology descriptions for thousands of companies from all over the country, the results are finally in: Forbes magazine has named VEXTEC America’s Most Promising Company.
"VEXTEC's technology promises to hasten the pace of innovation," said Brett Nelson, Forbes Entrepreneurs Editor. "This young company represents the very spirit of entrepreneurship in America."
The hunt for America’s Most Promising Companies was announced in Forbes, and Forbes.com last spring. Forbes’ conducted the survey in partnership with The Venture Alliance, a boutique investment adviser to early stage companies. The survey’s announcement prompted thousands of companies in every conceivable stage and from every different business segment imaginable to submit to the intense scrutiny of TVA selection criteria.
Oil and Gas Innovation Center selects Virtual Life Management as one of the most promising technologies.
Brentwood, TN, July 29, 2009 – The Oil and Gas Innovation Center (www.oilandgasinnovation.com) has selected VEXTEC's Virtual Life Management (VLM) Service as one of the most promising new crossover technologies for the Energy Industry. The O&G Innovation Center is a valuable resource utilized by the energy community to access the latest technologies by the most promising businesses in the U.S. and beyond. O&G's focus is exclusively on outside technologies having relevancy in the energy community and to facilitate linking these technologies with the companies seeking quick turn-around, cost-effective solutions.
Greener designs, improved fuel consumption, and reduced operating costs are among the long-term targets of firm’s predictive technology.
Brentwood, TN, July 1, 2009 – Soaring operating costs, driven by fuel price surges and ballooning maintenance budgets for older fleets, are problems the Air Force knows all too well. But they are determined to find innovative ways of making their fleets more efficient and have contracted with VEXTEC, with its Virtual Life Management Technology, for a new computational means of delivering the solution.
Firm’s powerful simulation technology will bring maintenance schedules into line with the demands of real-life mission profiles.
Brentwood, TN, June 11, 2009 – During wartime, the actual missions flown by DoD aircraft are substantially different from the “standard” mission profiles the aircraft were designed for. And that’s a problem because, when the routine maintenance and part replacement schedules don’t reflect reality, it puts fleet safety and readiness at risk. Conventional methods for determining these schedules can take years, but the Navy can’t wait; it needs maintenance schedules that match their missions now. They’ve asked VEXTEC to help create them.
Brentwood, TN, May 06, 2009 - The U.S. Army has tasked VEXTEC with building a cost simulator for evaluation of "what-if" scenarios to be used as a basis for future design decisions. The simulator will be provided to the Hybrid Electric Vehicle Experimentation & Assessment (HEVEA) program team whose mission is to develop a vehicle with a futuristic design and a very high performance hybrid electric drive. The lack of in-service maintenance and cost data is a real world barrier to rapid new vehicle development. To that end, the Army Tank Automotive Research Development & Engineering Center (TARDEC) has recognized that VEXTEC's computational simulation can be used to fill in these "data gaps." This project integrates simulation characteristics for part cost, labor cost, downtime cost and logistics cost into its existing Army vehicle reliability simulator.
Brentwood, TN, April 14, 2009 - In concert with the Air Force Structural Integrity Program (ASIP), VEXTEC has been funded to demonstrate how its recently developed Fleet Trade Study Simulator can better enable the Air Force to continue to achieve high mission capable rates and safety while reducing sustainment costs of its older fleets.
VEXTEC started its "Proactive Sustainment" initiative under a previous Air Force contract. The current funding will combine talents from the Air Force Research Laboratory and fleet operators at Hill AFB to jointly demonstrate that inspection and risk level engineering/cost benefit analysis can provide new insights which will ultimately yield high cost savings for the fleet. Most of the existing aircraft fleets are expected to last well beyond their originally intended design life - sometimes up to 4 times longer. Extending the service life of the airframe, safely, comes at an excessively high cost. Fleet structural managers have indicated to VEXTEC that managing the risk and cost are among their biggest issues. Until now, Air Force Service Depot teams have not had tools to compare inspection procedures, risk levels and cost.
Brentwood, TN, March 19, 2009 - DARPA's vision for the armed forces of the future includes using high tech sensors coupled with advanced modeling to know exactly when aircraft or military systems need to be brought in for maintenance -well before any vehicle failures actually occur. To realize its vision, DARPA is pulling together a diverse cross section of the country's experts in a variety of fields: large aircraft and turbine engine manufactures, top academic scientists, sensor development companies, and others. VEXTEC has been selected for its specialized material degradation prediction technology.
Brentwood, TN, February 23, 2009 – VEXTEC Corporation has been awarded a contract by the U.S. Air Force to identify the root cause of a compressor durability problem in a mature aircraft turbine engine fleet. Corrosion is a problem in older fleets, but the rate at which corrosion is occurring is unacceptably high. This, in turn, is impacting fleet readiness and sustainment costs. The Air Force tapped VEXTEC for this project because of its familiarity with the company’s Virtual Life Management™ (VLM) technology, and that technology’s ability to rapidly characterize component durability by simulating the interaction of billions of metallic grain structures in minutes.