Sikorsky Innovations Announces Awardees of Second Entrepreneurial Challenge Competition

Mon Feb 25, 2013 10:00am EST

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STRATFORD, Conn.,  Feb. 25, 2013/PRNewswire/ --  Sikorsky Innovations, the
technology development organization of Sikorsky Aircraft Corp., has selected 
EvoLux Transportation, LLC  as the winner of its second  Entrepreneurial
Challenge Competition  and awarded special recognition to Rescale. Sikorsky is a
subsidiary of United Technologies Corp. (NYSE:UTX).

(Logo:  http://photos.prnewswire.com/prnh/20060403/SIKORSKYLOGO  )

The Entrepreneurial Challenge competition is designed to identify and accelerate
the development of emerging, transformational business solutions across all
markets that can be applied to specialized aerospace and rotorcraft markets.

Sikorsky recently selected EvoLux Transportation, LLC, a helicopter focused
tech-travel company, based in  Boca Raton, Florida, for its presentation of a
social media platform offering unprecedented connectivity in the urban VIP
helicopter marketplace.  

The award entitles EvoLux to join previous Challenge winners, rent-free, in the
Sikorsky Innovations' "incubator" space at the  Stamford  iCenter in  Stamford,
Conn.  The iCenter, a recently named cornerstone hub of the Connecticut
Innovation Ecosystem, provides the entrepreneurs with direct access to the East
Coast investment and entrepreneurial communities. During that time,  Sikorsky
mentors will provide coaching, along with an education program to assist in
maturing and growing their business.  Upon completion of a maturation cycle in
the incubator, Sikorsky will provide EvoLux with an investment evaluation.

In addition, Rescale, a  San Francisco-based company, received special
recognition for its presentation of a cloud simulation platform that can
accelerate design cycles and enhance collaboration between engineers, resulting
in significantly improved product designs.   

"We successfully broadened the competition to attract business plans that could
either leverage Sikorsky's offerings in novel ways or that could transform our
existing products and processes," said  Laurence Vigeant-Langlois, Director of
Business Development for Sikorsky Innovations.   "Once again, we opted to
present more than one award thanks to the outstanding caliber of the
participants."

"It's exciting to see the latest results from the Entrepreneurial Challenge and
to have two game-changing ventures joining our ever-growing network of partners
and collaborators," said  Chris Van Buiten, Vice President of Sikorsky
Innovations. "In more than doubling our first-round applications, and extending
our reach to entrepreneurs on three continents, the Entrepreneurial Challenge
continues to demonstrate the power of innovation collaboration. With the next
installment of the Entrepreneurial Challenge due to launch this spring, we look
forward to interacting with other revolutionary technology companies and
like-minded investors."  

"There are some very real challenges facing vertical lift operations and it's
extremely refreshing to see Sikorsky Innovations' leadership approach in
identifying these areas and engaging with entrepreneurs to provide immediate
solutions," said EvoLux founder,  Raymond Leavitt. "Igor Sikorsky's
entrepreneurial spirit is alive and well and our team is very excited to work
with the Innovations team to further execute and accelerate our award-winning
business plan."

"Sikorsky Aircraft has a long tradition of bringing disruptive innovations to
market," said Rescale's Vice President for Business Development,  Sunny
Manivannan. "The Rescale team is very excited to work with such an
entrepreneurial company, and we look forward to helping Sikorsky's engineers
develop the next generation of game-changing flight solutions."

The Entrepreneurial Challenge is open to any small company with revenue under 
$5M, including newly formed and pre-revenue entities.

Sikorsky Aircraft Corp., based in  Stratford, Conn., is a world leader in
helicopter design, manufacture, and service. United Technologies Corp., based in
 Hartford, Conn., provides a broad range of high technology products and support
services to the aerospace and building systems industries.                      
                                            

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SOURCE  Sikorsky Aircraft Corp.


Sikorsky media contacts: Marianne V. Heffernan, +1-203-386-4373,
mheffernan@sikorsky.com, or Paul Jackson, +1-203-386-7143,
Paul.Jackson@sikorsky.com

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