Honolulu, Hawaii - Referentia President and CEO Nelson Kanemoto participated in a U.S. House Armed Services Committee (HASC) Defense Business Roundtable to provide testimonial on business challenges within the Defense Industry.
Hawaii Congresswoman Colleen Hanabusa, HASC member, hosted the special HASC roundtable at the Hawaii State Capitol along with Congressmen Bill Shuster (R-PA) and Rick Larsen (D-WA), the panel's Chairman and Ranking Member respectively.
Since many innovations and job creation come from the small business sector, funding for research and development (R&D) is needed to spur economic growth and help boost U.S. superiority in science and technology internationally.
"Innovation by small businesses, like Referentia, can increase efficiency, cut costs and accomplish the mission if given the chance," Kanemoto said. "We need Congress to assure R&D funding continues and isn't cut."
Kanemoto noted government contracts are focused on lowest cost rather than price, performance and results, which pushes innovation right out the window.
He emphasized the important role that the Small Business Innovation Research (SBIR) and Small Business Technology Transfer Research (STTR) program has played in Referentia's growth and success and recommended that funding limits for SBIR/STTR Phase 1 and 2 grants be expanded.
"The SBIR program has created long-term, valuable intellectual property for the Hawaii defense industry that has helped spur economic growth and mainland partnerships here in Hawaii," he added.
Congresswoman Hanabusa organized the roundtable forum in part to help strengthen Hawaii's role in the Pacific in R&D, to keep our nation in front and ensure government becomes more efficient and more effective.
The Defense industry roundtable included representatives of local Hawaii R&D businesses discussing how Congress can create an environment where small businesses can sustain despite shrinking federal budgets.
The bipartisan panel has held six roundtables across the country and will visit Florida next before heading back to Washington to draft legislation to be included in the National Defense Authorization Bill in May.
A podcast of the Business Challenges roundtable discussion is available on Hawaii Public Radio (KHPR | KIPO).
About Referentia Systems Incorporated
Referentia Systems Incorporated is a leading provider of mission-assured cybersecurity technologies and solutions for the federal government, the Department of Defense (DoD) and other critical infrastructure.
A Hawaii-based small disadvantaged business, Referentia has a proven track record for developing relevant innovation in cyber network defense, cross-domain solutions, enterprise architectures, and advanced network management and analysis systems. Referentia is an applied R&D company dedicated to providing proven high assurance and flexible solutions to address critical cybersecurity concerns threatening IT modernization.
The company has received numerous awards for its innovative software solution and has a CMMI Level 3 certification. Referentia is a certified Small Disadvantaged Business with strategic presence in San Diego, CA, Albuquerque, NM and Sterling, VA.