AUSTIN, Texas, July 24 -- The University of Texas at Austin issued the following news release:

Quick Facts:

* Applied Research Laboratories at The University of Texas at Austin is one of only 15 University Affiliated Research Centers in the nation and among the oldest, giving UT decades-long ties to the national security ecosystem. * ARL:UT developed the high-resolution sonar systems installed on all U.S. Navy submarines. * The lab has played a central role in GPS since its earliest days and is the long-term steward - keeping positioning and timing services accurate for military and civilian users worldwide. * Austin's first Fortune 500 company was born in the lab, helping to establish the city as a global technology hub decades before it...