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Biotech / Medical : PE Biosystems (PEB)
PEB 11.490.0%Dec 29 3:59 PM EST

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To: Mel Spivak who wrote ()6/28/2000 10:37:00 AM
From: bob zagorin   of 122
 
Persistence Software's PowerTier Application Server Plays Key Role in Mapping Human Genome

SAN MATEO, Calif.--(BUSINESS WIRE)--June 28, 2000--

PowerTier(TM) Powers PE Biosystems' 3700 DNA Analyzer Used By Celera And Other Leading Genomic Researchers

Persistence Software (Nasdaq:PRSW), The Engine For E-Commerce(TM), today announced that its PowerTier application server plays a significant role in the high-performance PE Biosystems (NYSE:PEB) gene profiling system used by Celera Genomics and the publicly funded international effort to sequence the human genome.

PE Biosystems, Celera Genomics' sister company and the leading supplier of gene sequencing systems to genomic researchers, uses the PowerTier application to provide the object-relational mapping layer for the ABI PRISM(R) 3700 DNA Analyzer. A breakthrough system capable of generating gene sequencing data at unprecedented rates, the 3700 DNA Analyzer processes and presents massive volumes of complex gene expression experimental results. Well over 1,000 3700 DNA Analyzers have already shipped to customers as diverse as the USDA and leading pharmaceutical drug companies.

"We share this exciting discovery with Persistence," said Doug Miller, Software Engineering Manager for PE Biosystems. "PowerTier technology has been one of the significant additions to our system. PowerTier's quick implementation enabled PE Biosystems to rapidly develop the 3700 DNA Analyzer, the system used by Celera Genomics and the public-funded genome sequencing initiative."

PowerTier also helped PE Biosystems to speed delivery of the system to market. This was due in part to PowerTier's rapid and automatic mapping of Java objects to the system's relational database tables, a task that if performed manually can take months.

"We are exceedingly proud to have played an important role in the mapping of the human genome," said Christopher Keene, CEO, Persistence Software. "Genomics is a fast moving field and we view PowerTier's success in this environment to be indicative of the performance and rapid time-to-market capabilities that Persistence can bring to leading-edge business and scientific systems of all kinds."

About Persistence Software

Persistence Software, The Engine For E-Commerce, delivers caching solutions for rich Internet e-business that change the rules of the game. Patented caching application servers from Persistence currently accelerate business processing for some of the world's most demanding web sites, including iPIX, Reuters, Cisco, FedEx and ShopNow.com. Persistence Software (Nasdaq:PRSW) is headquartered in San Mateo, California. For more information, see persistence.com.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties, which could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, Persistence Software's limited operating history, potential fluctuations in our operating results, uncertainties related to our long sales cycle, our reliance on a relatively small number of customers, our dependence on the Java programming language and the Enterprise JavaBeans standard becoming widely accepted standards, failure to manage our growth or attract and retain the services of key employees, our need to deliver products that meet rapidly changing technology standards, our need to build a strong direct sales team and develop third party sales channels, our dependence on the deployment of enterprise-wide system deployments, and our need to address competition from companies with substantially greater resources. Further information regarding these and other risks is included in our prospectus dated June 24, 1999 and in our other filings with the Securities and Exchange Commission.

(c)2000 Persistence Software Inc. Persistence is a registered trademark and PowerTier is a trademark of Persistence Software Inc. in the United States and other countries. Persistence currently holds U.S. Patents Nos. 5,499,371; 5,615,362; 5,706,506. All other product, trademark, company, or service names mentioned herein are the property of their respective owners.

CONTACT:

Persistence Software, Inc.

Rebecca Mettler, 703/212-7075

mettler@bellatlantic.net
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