Intelligent Systems Technology, Inc. Wins 1.1M in R&D Awards from the MDA

LOS ANGELES, CA. - Feburary, 2007 - Intelligent Systems Technology, Inc. (ISTI), announced that it received a Phase I and a Phase II Small Business Innovation Research award from the Missile Defense Agency. The Phase II award is for developing a predictive framework and tools for enterprise cost modeling. The Phase I award is for developing a game theory-based approach for BMD engagement modeling and analysis. Dr. Azad Madni, ISTI's Chairman and CEO, credits these awards to the company's innovative technologies for enterprise process design and transformation, and the company's expertise in applying innovative operations research methods to complex problems.