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The company is focusing first on embedding the technology within selected portable electronic applications to gain early revenues, while continuing its development focus on large-scale storage applications.
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Applications selected for the heightened scrutiny essentially remained in "limbo" for up to two years, Mr. Issa said, who added that no IRS employees have been disciplined in the matter and one appears to have been promoted.
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The seven HESN universities were selected from nearly 500 applications from 49 states and 33 countries.
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Isabel and Maryam were selected following an open call for applications and a multi-staged review process.
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In the past, U.S. regulators have conducted "selected reviews" of foreign listing applications because of limited resources.
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About 300 applications of all sorts were selected, including 75 from tea-party or patriot groups, Ms. Lerner said.
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The company does not publicly disclose the criteria for being selected for the card, and unsolicited applications are not accepted.
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But soon after, the State Department said the electronic draw would have to be held again because a computer glitch caused 90% of the winners to be selected from the first two days of applications instead of the entire 30-day registration period.
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We hand selected these ventures from nearly 1, 000 applications coming from just shy of 100 countries.
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Once they were selected, the report confirms they were slow-tracked: While a few applications got attention, the vast majority sat interminably as the 2012 campaign rolled on.
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