Startup Tech Company Award

NICHOLASVILLE, KY (June 17, 2022) Aviation Safety Resources, Inc., (ASR) an innovative company that designs, tests and produces Aircraft Emergency Parachute Recovery System (AEPRS) for the aviation and Advanced Air Mobility (AAM) markets, announced today that the Common Wealth of Kentucky and the Office of Governor Andy Beshear has awarded the Company, state matching grants to support high-paying jobs and further grow the state’s technology industry.

Innovative companies are growing at an impressive rate in Kentucky, and we must ensure that continues by investing in the resources, people and companies that are tackling the problems of tomorrow,” said Gov. Beshear. “Our SBIR-STTR Matching Funds Program provides Kentucky companies with an incredible opportunity to turn their game-changing ideas into cutting-edge products, while also creating quality jobs in some of our country’s most high-paying fields. To continue the economic momentum we are currently experiencing, we must invest in our future. Congratulations to this latest round of awardees. I am extremely excited to see your future success in the commonwealth.”

“With the SBIR /STTR awards and now the matching funds from the great state of Kentucky, ASR is afforded the opportunity to improve efficiencies in all areas including our efforts on the XRD technology.” said Larry Williams, ASR president and CEO. “As a growing, US based small business, the SBIR/STTR awards coupled with these matching funds will allow ASR the opportunity to grow, increase capacity and become even stronger within our various markets.”