According to filings with the U.S. Securities and Exchange Commission, Psionic is raising up to $15,000,000.00 in new funding. Sources indicate that as part of senior management President and Chief Executive Officer, Stephen Sandford played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Psionic
Psionics proprietary navigation and perception technology improves performance, safety, and precision in the most challenging environments on Earth and in Space. PSIONIC was founded by former NASA engineers with a vision to dramatically enhance navigation for land, air, sea, and space vehicles. That vision has culminated in the revolutionary and multi-function SurePath device which is the only technology on the marketplace today that offers SurePath-grade INS performance and is a suitable technology backstop for navigating for extended periods without GPS. PSIONIC employs approximately 50 top engineers and technical staff, delivering products to commercial, government and space organizations with the need for reliable, precision navigation. PSIONIC core technology is accompanying the majority of NASA’s return missions to the moon over the next decade and this same performance has been commercialized to support the needs of the growing autonomous markets in construction, mining, trucking, agriculture and others.

To learn more about Psionic, visit http://www.psionicnav.com/
Company Linkedin Page: https://www.linkedin.com/company/psionic-technologies/

Contact:
Stephen Sandford, President and Chief Executive Officer
757-604-6263
https://www.linkedin.com/in/stephen-sandford-7a223325/

SOURCE: http://www.intelligence360.io
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