That could very well be the case. I looked up the professor and the company he created for this solution and the link is dead.
However, for an organization like the army that spends $$$ on logistics, I would bet they would continually fund something like this if it showed enough promise. One thing the DoD and Congress are good at is throwing money at R&D efforts.
Another thing is requiring continuity clauses in the contract. Such as, in the case of going out of business or otherwise deciding to discontinue the project, the IP and source code needs to be turned over.