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Nightvision Holdings Acquires Design Net Engineering

Downloadable Press Release: Design Net – Nightvision Press Release – July 2015

July 15, 2015 (Golden, CO) – Nightvision Holdings, Inc., (www.nightvision2012.com) a privately-held holding company providing engineering, analysis and related services and solutions to the U.S. Department of Defense and Intelligence Community, announced today it has acquired Golden, CO – based Design Net Engineering, LLC (www.design-group.com).

Design Net will remain a Colorado Limited Liability Company with Nightvision Holdings, Inc. as its sole Member. It will operate as a wholly-owned subsidiary, retaining its name and preserving its 19 year heritage as an industry leader in providing Responsive Space avionics, rideshare solutions and advanced sensors to NASA, the military and large scale integrators such as United Launch Alliance, LLC (the 50-50 joint venture between Lockheed Martin and The Boeing Company) and Raytheon (NYSE:RTN).  Gerry Murphy, founder of Design Net, will remain with the Company as Chief Technology Officer and Principal Engineer. Ted Batch, Chief Operating Officer of Nightvision, will serve on an interim basis as President of Design Net.

Commenting on the acquisition, Gerry Murphy noted, “We are excited to join the Nightvision team as its principal entrée into the aerospace industry. Nightvision’s longstanding relationships in the defense and intelligence communities will greatly supplement our own in the launch vehicle, sensor and payload sectors. Together we look forward to expanding our markets and developing new, advanced solutions and products.”

Commenting on the Nightvision Task ForceTM organizational model, Mr. Murphy continued, “When Nightvision approached us and described how, unlike most acquirers, they were seeking to preserve and enhance our “company DNA” rather than absorb and dissolve us into a larger division or operating unit, we stood up and listened. Their approach to ownership is unlike any we had seen from competitors or financial buyers seeking to buy us.”

The Nightvision Task ForceTM seeks to aggregate complementary government contractors serving the C5ISR sectors of the defense and intelligence communities. In addition to Design Net, the holding company is a joint venture partner with NAVA Real Estate Development, LLC (www.navareal.com) in N2, LLC, which is currently developing a 40,000 sq. ft. business center meeting U.S. government ICD 705 specifications in Denver, CO.

Ted Batch added, “The Front Range is an increasingly vibrant market for aerospace and defense. Nightvision is pleased to expand its footprint with the acquisition of Design Net and we look forward to teaming with their outstanding management and staff to expand from its core competence within the NASA world to adjacent military and intelligence markets.”

 

About Design Net Engineering LLC

Design Net Engineering is a Colorado limited liability company founded in 1996 by Gerry Murphy, a NASA Jet Propulsion Laboratory engineer and physicist who recognized the need for innovative, responsive and agile engineering services to supplement those already existing within the federal government. Since its foundation, Design Net has supported a broad range of NASA and DoD missions, becoming a leader in the design and manufacturing of spacecraft avionics components and systems. Design Net’s technical team is comprised of systems, hardware, software, firmware, quality and manufacturing engineers with an average experience of 20 years in the aerospace industry. The company ISO is 9001:2008 certified and compliant to AS9100C and uses a system engineering and model  based design approach to provide innovative solutions for the aerospace industry. Design Net has been working within all of the pillars that enable small satellite “disaggregated” space to be a viable, reliable, and affordable alternative in a future which sees higher competition for space superiority. Design Net is a powerful force within the Operationally Responsive, small satellite system industry, an active contributor to the “rideshare community.” In addition to their contribution to aerospace, the company is a provider of specialized, ground-based sensors for the warfighting effort.

 

About Nightvision Holdings, Inc.

Nightvision Holdings, Inc. was founded in 2012 to provide engineering and analysis solutions and products in support of the defense and intelligence, primarily C5ISR activities of the United States and its allies. Its unique Nightvision Task ForceTM organizational model seeks to acquire small, premier government contractors and assemble them into a collaborative whole greater than the sum of their parts. Unlike conventional rollups that tend to destroy culture and morale, Nightvision attempts to preserve the corporate “DNA” of its acquisitions while achieving economies of scale and fostering innovation and growth. The Company is a Delaware C Corporation with offices in New York, Connecticut and Colorado.

For further information, contact: Delaney Ingham, Design Net Engineering, LLC (303) 462-0096

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