WorldTech International, LLC was formed in 2007 as a joint venture between WorldTech, Inc. and Earl Industries, LLC. The purpose was to expand upon the success of the product and service offerings of WorldTech, Inc, with a particular focus on the premier New Technology Opportunity Network (NEWTON). When introduced in 2006, companies in the Earl Industries family of companies and WorldTech, Inc. were working along parallel paths in the area of information analytics and trying to make emerging technology information more accessible, available and usable. Both companies realized the value of partnering, so they formed a joint venture to further their respective goals.
WorldTech, Inc. was launched in March 2002 by five former senior Pentagon officials. Three of the founders have extensive experience in foreign military sales and were responsible for about $6.5 billion per year in U.S. foreign military sales. The other two founders are engineers with backgrounds in cost analysis, requirements analysis and technology commercialization. The founding members knew that one of the most pressing needs of the defense community was to simply keep up with the number of inventions emerging around the world on a daily basis.
Earl Industries, LLC is a privately-held company with over 900 employees and 2006 revenues topping $280 million. For the past several years, it has been one of the U.S. Navy's top 50 prime contractors, ranking 32nd in revenues in 2006. Earl specializes in ship repair, alterations and modernization. It is located in five strategic locations, including Portsmouth, Virginia (its Headquarters location); Mayport, Florida; San Diego, California; Mobile, Alabama; and Bremerton, Washington. In recent years, Earl Industries has diversified its engineering and manufacturing capabilities to include custom containerization and aerospace parts machining. In 2006, Earl created a technology division dedicated to advanced technology research and development to meet the increasing demands of the aerospace, defense and homeland security industries. The firm's current focus is on C4ISR, net-centric operations, information analytics and semantics.
|