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Only 4.4 Million shares outstanding, very small float.
Perceptronics Creates New IC3D Web Site
for Internet Collaborative 3D Technology
PR Newswire - February 03, 1999 12:40
WOODLAND HILLS, Calif., Feb. 3 /PRNewswire/ -- Perceptronics, Inc.
(OTC Bulletin Board: PCTR) today announced it has opened a special
Web site in response to the large amount of interest shown in its IC3D(TM)
Technology for Internet Collaborative 3D, including the InterGame
Framework and related products and services. Perceptronics' new
IC3D(TM) Web site can be found on the Internet at
ic3d.perceptronics.com.
Dr. Gershon Weltman, Perceptronics' chairman and chief executive officer,
said, "The new Web site provides an effective way for us to communicate
our IC3D capabilities. Our targets are the people and organizations that
already know something about the IC3D Technology Perceptronics is
developing -- and the many more who should know, because of the great
benefits IC3D can bring to their Internet applications. Our site will evolve
continuously as our technology and product line develops."
"The most important feature of the IC3D Web site is the detailed
description and initial 'hands-on' demonstration of our Head of the River
Challenge collaborative rowing game," said Dr. Weltman. "Head of the
River Challenge, or HOTRC, was created together with Shout Interactive
of San Francisco as a proof-of-concept demonstration of Perceptronics'
InterGame Framework. It is a leading-edge 3D virtual rowing simulation
that allows multiple players, operating from separate computers on the
Internet, to row together in the same shell, and race against live or
automated players in another shell.
"By showing how remote users can truly collaborate via the Internet to
affect 3D virtual objects in a 3D virtual environment, the HOTRC game
illustrates the unique advantages that fully-immersive shared virtual
experiences can bring to Internet applications."
"The IC3D Web site contains a version of the HOTRC game that allows
two players to collaborate in the rowing task using one computer, or even
one adept player to experience the collaborative action by himself or herself.
The initial Web demonstration is less complete than the multi-station version
available at Perceptronics. Nevertheless, it does effectively show the
collaborative capabilities of the IC3D simulation, and that these capabilities
can be realized using open resources readily available on large numbers of
Internet-linked PCs. Our plan is to install a multi-station demonstration of
HOTRC on the IC3D Web site in the future."
"The IC3D Web site emphasizes the revolutionary benefits that
Perceptronics' IC3D Technology brings to 3D interactivity on the Internet,"
continued Dr. Weltman. "It also provides valuable background on the IC3D
Technology. This includes its origins in powerful, well-established DoD
communication protocols for large scale networked simulation, as well as its
architecture -- which incorporates Java, Living Worlds, VRML, standard
Internet browsers, and the InterGame Framework. The site outlines the
benefits of Perceptronics' IC3D Technology in the leading applications
areas of entertainment, education, communication and e-commerce, and
describes the application development services and interim products
currently being offered by the Company."
"We hope people will visit our new IC3D site," concluded Dr. Weltman,
"and contact us with feedback as well as with opportunities for service. We
firmly believe that Internet Collaborative 3D is not only the next big thing in
the rapidly expanding Internet market, but a truly better means of
communicating and interacting. It will help establish the 'digital communities'
within which a good part of the world's population will soon work, play and
shop."
Perceptronics performs research and development and manufactures and
markets computer-based simulation systems and software for military and
commercial training and decision support. Further information about
Perceptronics and its products can be found on the Internet at
perceptronics.com.
Statements regarding Perceptronics' expectations about growth and
marketing strategies, new and existing products, future financial performance
and other Forward Looking Statements are subject to various risks and
uncertainties, including, without limitation, technological factors, competitive
factors, financing and cash flow factors, and uncertainties relating to foreign
and defense-related sales. These and other risks and uncertainties are
discussed in greater detail from time to time in the Company's SEC filings
and reports.
SOURCE Perceptronics, Inc.
/CONTACT: Dr. Gershon Weltman of Perceptronics, Inc., 818-884-7470,
or
fax, 818-340-6067/
/Web site: perceptronics.com
/Web site: ic3d.perceptronics.com
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