Tenant NFT Received SBIR Grant

March 19, 2007

Network Foundation Technologies, a tenant of Louisiana Tech Enterprise Center has just received a $100,000 Small Business Innovation Research grant from the National Science Foundation(NSF), an independent federal agency that supports fundamental research and education across all fields of science and engineering. Of 1,013 small businesses vying for coveted grants, NFT is one of 100 that received the recognition.

With the new streaming media technology, NFT delivers audio and video content providers, both large and small, new opportunities to reach large audiences at a fraction of the cost of traditional webcasting solutions.

"NFT is working to revolutionize the delivery of online video." company founder Mike O'Neal said. Mike O'Neal, an associate professor who holds the Larson Endowed Professorship and is the former chair of the computer-science, said the NSF grant serves the dual purpose of adding to the company's resume and helping pay employee salaries.

It also recognizes our company's technological successes to date and Louisiana's success in home-growing a company in the high-tech software sector, co-founder and president Marcus Morton said.

About the National Science Foundation

The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering, with an annual budget of nearly $5.47 billion. NSF funds reach all 50 states through grants to nearly 2,000 universities and institutions. Through its Small Business Innovation Research (SBIR) program, NSF provides over $100 million to small companies for developing innovative new products and processes. Please visit www.nsf.gov for detail about SBIR grant.

About Network Foundation Technology

As a tenant of Louisiana Tech Enterprise Center, NFT focuses on developing technologies that provide the foundation for Internet-based broadcast networks. NFT was formed in 2001 by Marcus Morton and Dr. Mike O'Neal. The company's NFT-TV player and server combine to create an innovative distributed online broadcast solution that enables large-scale broadcasting of live and pre-recorded audio/video content over the Internet at low cost. Broadcasters using NFT technology include Clear Channel / Live Nation and the nationally syndicated "The WakeUp Show" co-hosted by Sway of MTV. Please visit www.nft-tv.com for more information.