We have developed hardware, software, and firmware security solutions for ICS/SCADA systems and devices that allow a robust and secure defense from the threat of hacking from outside sources. Our devices are entirely designed and will be manufactured, monitored, and updated from our facilities in Texas, with no foreign hardware or software. We have the technical capabilities to produce hardened devices that can work with any device in almost any environment with military-grade materials. Our retrofit devices can be used with any ICS/SCADA system or device and software and moved from old to new ICS/SCADA equipment without expensive upgrades or employee training. Our device is designed to operate silently and seamlessly with existing systems. The global ICS/SCADA market is expected to reach approximately USD 21.57 billion by 2023, registering a Compound Annual Growth Rate(CAGR) of 9.80% during the forecast period.
In phase 1, members of our group invested $13.5M to gain a super majority of the Stock in our manufacturing company, with a monthly revenue in excess of $ 900,000, purchased automated equipment to increase productivity for our existing $7.4M order backlog, and our new 5 year $54M sole source contract beginning in January 2021. Upon completion of the purchase of our new wholly owned subsidiary, we will manufacture our new devices and current product lines, specialized components for our current customers, Lockheed Martin, General Dynamics, Raytheon, L3, GE, Schneider Electric among many others. We are currently a vendor, and in some cases a sole source vender for some products. We manufacture specialized products for the Automotive, Aircraft and Space Industries, that operates a 104,000 square foot manufacturing plant in Texas, a company that builds rigid circuit boards (PCBs) for high technology applications certified under all classes of IPC 6012m IPC 6018 and pertain to manufacturing standards MIL-PRF 55110, MIL-PRF 31032 and AS9100/ISO9001:2008. We currently are a vendor for the top Defense Contractors, U S Department of Defense and are ITAR registered. We will sell our initial production to our current customer base as we build our sales team and production ramps up.
In phase 2, we will produce a chip (SoC) "system on a chip" for newly manufactured devices such as Point of Sale (POS) terminals, Automatic Teller Machines (ATM), Personal Computers (PC), Mobile Phones, and newly manufactured ICS/SCADA systems and devices. This product line will allow our competitors to become our customers, and introduce more end users into our eco system and introduction to our other products.
During the construction phase of our Data Center we have worked with AT&T, Verizon, Oncor, Switch, and other prominent companies, even though these companies are currently our vendors, we have a working relationship with key executives. We will introduce these companies to our product lines as we increase production. The data center subscription service will provide a reoccurring revenue stream
Members of our team have a vast knowledge in investment, finance, real estate, construction, development, manufacturing of specialized electronics, the Law, accounting, and security of all types physically and electronic. Upon completion of the purchase of outstanding shares of our manufacturing company, we are a start up company with a 34 year history of successful specialized manufacturing in the electronics field with all of the valuable certifications to sell our next generation of devices to major corporations that are currently our customers. Two of our largest investors are developing $260M in a hospital and Medical office buildings that will be the other major users of our products. We are capable of rapid expansion.
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