Sector 10, Inc. Develops Response Rehabilitation and Preparation Project (RAPP) Funding/Grant Program for Major Cities
October 20 2010 - 8:00AM
Sector 10, Inc. (OTCBB:SECI) (Frankfurt:4RS1) announced today that
it has developed a funding/grant program to better prepare
communities for disasters while not interfering with any other
grant processes the community wishes to pursue. The program, called
the Response Rehabilitation and Preparation Project ("RAPP"), has
been presented to the City of San Francisco and San Mateo County
(CA).
The funding/grant is provided under an agreement with Gage
Consulting, LLC ("Gage") in their position as a general consultant
and federal Lobbyist. Under the agreement, Gage is assisting
the Company in their efforts to obtain federal funds for the
purchase of SRU and MRU units as pre-deployed assets for use by
local fire and transit authorities. Funds are expected to be
obtained from various federal agencies including the Department of
Homeland Security. Each project is limited to $25 million in
total funding with an initial maximum number of 10
projects. Each RAPP project will provide the community with
all equipment and services needed to establish the basic
infrastructure needed to provide first responders with the
information and communication benefits of the Company's PLX-3D
Software.
In late September, RAPP project proposals were submitted to the
City of San Francisco and San Mateo County. Discussions are
ongoing and preliminary approvals are expected within the next 30
to 60 days. Upon receipt of these approvals, Gage shall begin
the process of obtaining the funding required for each
project. The process with Gage is expected to be ready for
initial funding and implementation in the 4th quarter of the fiscal
year ending March 31, 2011. The implementations of the RAPP
programs are expected to generate significant revenues and
secondary sales, as well as provide necessary funding for the
growth of the Company.
About Sector 10, Inc.
Sector 10, Inc. is redefining the emergency response paradigm
from centralized equipment staging to onsite pre-deployed resources
to "Bridge the Survival Gap." Sector 10 has
developed the most leading-edge emergency response integration
equipment available today. http://www.sector10.com.
FORWARD-LOOKING STATEMENTS
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical facts,
included in this press release that address activities, events or
development that the company expects, believes or anticipates will
or may occur in the future are forward-looking statements. These
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company,
which may cause the Company's actual results to differ materially
from those implied or expressed by the forward-looking statements.
The Company assumes no duty whatsoever to update these
forward-looking statements or to conform them to future events or
developments. www.sector10.com
CONTACT: Sector 10, Inc.
Laurence Madison
(206) 853-4866
IR@sector10.com
lmadison@sector10.com
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