Cast Navigations LLC
CAST Navigation Inc. a DOD product and services company was picked up out of a failed IPO.
The company developed and serviced GPS simulators, GPS/INS navigation test equipment and Electronic Global Integration (RGI) tools.
- GVPGC founders formed, structured, and invested in a new company: “Cast Navigation LLC”
- GVPGC acted as initial interim COO/CFO
- Cast Navigation LLC then purchased certain CAST Navigation Inc. assets as well as Cast Navigation Inc. which had retained the remaining military contracts
- The $828,000 purchase included
- $9 million of IP
- $8.2 million of license fees receivables
- The $828,000 purchase included
- Cast Navigation LLC is an ongoing profitable business
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