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Athlone Global Security Becomes a Partner of the Chesapeake Innovation Center of Anne Arundal County, Maryland

Athlone Global Security Becomes a Partner of the Chesapeake Innovation Center of Anne Arundal County, Maryland

ANNAPOLIS, Md., July 13 /PRNewswire/ -- Athlone Global Security, Inc., a private equity group that invests in Israeli homeland security companies, announced today that it has become a partner of the Chesapeake Innovation Center (CIC), a business incubator of homeland security and information technology companies that generates new business formation in Anne Arundel County, Maryland.

As a CIC partner, Athlone Global Security will help its Israeli investments to establish US operations, taking advantage of the growing interest in homeland security companies here. Other CIC partners are: IBM, Northrop Grumman, the National Security Agency, ARINC, a leader in aviation communications, Next Century Corp., a homeland security company, and Innerwall, a software company that provides corporations and government agencies with mobility management and security.

Gordon Hawke, president and CEO of Athlone Global Security, said, "The Chesapeake Innovation Center is an ideal headquarters location, right next to the nation's capital, for the fledgling Israeli homeland security companies that we are fostering. We are pleased to join CIC Executive Director Laura Neuman and CIC's other partners in establishing a base of operations here in Anne Arundal County."

Laura A. Neuman, interim executive director of the Chesapeake Innovation Center, said, "We look forward to working with Athlone Global Security; it is an extremely well-matched partnership for the CIC. Our mutual interest in emerging homeland security companies makes it an ideal partnership."

"This is a positive step for the CIC," said Anne Arundel County Executive Janet S. Owens. "I am pleased that a private equity group would make this investment," she added.

ABOUT ATHLONE GLOBAL SECURITY, INC.

A pioneer in the homeland security venture marketplace, Athlone Global Security Inc. (AGS) invests in emerging growth companies specializing in imperative homeland security solutions. As private equity investors, the company seeks early stage homeland security companies, currently located in Israel, because of the breadth and sophistication of the homeland security expertise in that country. AGS has a team and infrastructure established in Tel Aviv. For more information, http://www.athloneglobalsecurity.com/

ABOUT THE CHESAPEAKE INNOVATION CENTER

The Chesapeake Innovation Center (CIC) is a nonprofit business incubator established by Anne Arundel County, Maryland. CIC develops firms specializing in homeland security technology, the first incubator in the nation with this focus, providing them with business start-up services and flexible facilities to accelerate their formation and growth. Opened in June 2003, the CIC has the capacity to house approximately 20-to-25 start-up companies in its 27,500 square foot facility in Annapolis, Maryland.

For more information, please contact: Caitlin McNiff Chesapeake Innovation Center 410-224-2030 [email protected]

Athlone Global Security, Inc.

CONTACT: Caitlin McNiff of Chesapeake Innovation Center,
+1-410-224-2030, [email protected], for Athlone Global Security, Inc.

Web site: http://www.athloneglobalsecurity.com/

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