MATH Company Press Release
MathSoft Wins Three-year Multi-million Dollar Contract From the National Library of Medicine -- NLM --
SEATTLE--(BUSINESS WIRE)--Dec. 13, 1999--MathSoft, Inc. (Nasdaq:MATH - news), provider of the broadest line of technical calculation and analytical software for business and academia, today announced that its Data Analysis Products Division has been selected to fulfill a three-year multi-million dollar contract by the National Library of Medicine.
The company will develop an open-source segmentation and registration tool kit to quantify 3-D images from the Visible Human Project allowing researchers to analyze correlations between the Visible Human data and other human data sets. Other applications of the technology include enhanced computer-assisted anatomy education in medical schools and improved understanding of the human body.
This project is supported by the National Library of Medicine (NLM) at the National Institutes of Health (NIH), in collaboration with National Institute of Dental and Craniofacial Research (NIDCR), National Eye Institute (NEI), National Science Foundation (NSF), National Institute of Deafness and Other Communication Disorders (NIDCD), and National Cancer Institute (NCI).
MathSoft will be an integral part of a consortium assigned to develop the system. Other partners include GE Corporate Research (NYSE:GE - news), Kitware, Inc., University of North Carolina, Chapel Hill, University of Pennsylvania, and the University of Tennessee.
``The strength of our research group is its ability to deliver on contracts and develop leading-edge technology for commercialization by MathSoft,' says Shawn Javid, vice president and general manager, MathSoft, Inc. ``In 1999, our research group has successfully realized more than four million dollars of funded research from government sources and is projecting close to 20% growth in 2000.' MathSoft reports research funding as a reduction of research and development expenses in its 10Q and 10K filings with the SEC. |
