FOR IMMEDIATE RELEASE:

NSTXL Names Erik Olbeter as Chief Operating Officer

Olbeter brings track record of organizational growth, innovation, and success

Washington, DC – July 23, 2018 – National Security Technology Accelerator (NSTXL), an essential Pentagon partner for rapidly delivering mission driven systems and emerging technologies for the U.S. military, today announced that it is has named Erik R. Olbeter as its chief operating officer. Olbeter will oversee day-to-day operations of the firm and assist the company in finding new, innovative solutions to the challenges that the Pentagon faces now and in the future. Olbeter will maintain his position as a Director of the firm and report to Chief Executive Officer Tim Greeff.

“NSTXL has entered a period of substantial growth,” stated Greeff. “We are helping the Pentagon’s meet its goals by creating an organization that can scale to meet the accelerating, rapid acquisition and technology discovery needs of our customers. Olbeter brings the management, technology, and financial acumen we need to take NSTXL to the next level.”

Olbeter has a wealth of experience in running and growing successful ventures and bridging the gap between innovative companies and the government. He was most recently a Senior Vice President at ICF International, managing its Energy Advisory Services business. In this capacity, he oversaw both government and commercial client engagements and helped redefine the strategy and direction of the organization.

Prior to ICF, Erik spent 12 years as a research analyst at Pacific Crest Securities and Charles Schwab where he managed top ranked teams researching cutting edge technologies from cybersecurity to energy storage, as well as federal government technology firms.

“By bringing on board someone of Olbeter’s pedigree, NSTXL shows it seriousness in meeting its commitment to finding and implementing the cutting-edge technologies that will help keep the United States’ warfighter capabilities a level about those of our foes,” said Greeff.

In his new role, Olbeter is expected to vastly expand NSTXL’s institutional capabilities and help it develop prototype systems for tangible solutions for the American warfighter.

“In the post 9/11 environment, nothing is more important than ensuring that the men and women of our Armed Forces have the tools they need to complete their missions, said Olbeter. “I believe that NSTXL will soon be able to maximize soldiers’ capability we develop in conjunction with innovative, entrepreneurial American companies.

While NSTXL will continue to be based in Arlington, Va, Olbeter will be based in Portland, Ore.

The non-profit National Security Technology Accelerator (NSTXL) is the essential Pentagon partner for rapidly delivering mission-driven systems and emerging technologies for the U.S. military. NSTXL is managing 12 systems through the prototype phase for the U.S. military, all funded though the other transaction authority.

For additional information, contact: Greg Stanko, greg.stanko@mitchellpoint.com

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