Perceptronics Partners with Stan Lee Media To Deliver New Collaborative Entertainment for the Internet
WOODLAND HILLS, Calif., May 30 /PRNewswire/ -- Perceptronics, Inc.
(OTC Bulletin Board: PCTR) today announced a strategic alliance with Stan Lee
Media, Inc. (Nasdaq: SLEE), premier creator of episodic animated entertainment
on the Internet, for the development of multi-user collaborative applications
and products based on Perceptronics' IC3D/Wythtm Technology.
Stan Lee Media is an Internet-based, multimedia production, marketing, and
licensing company founded by pop-culture icon Stan Lee, co-creator of such
classic characters as Spider-Man, The Incredible Hulk, and The X-Men. More
than two billion copies of books featuring characters Mr. Lee co-created have
been published in 100 countries and 27 languages. Stan Lee Media has
partnered with a range of talent and technology companies to create a new
genre of Internet delivered animation, featuring 3- to 5-minute "Webisodes"
that integrate voiceover, music and sound effects with cutting edge animation.
The result has been to establish Stan Lee Media as the largest independent
content creation, production and distribution brand on the Internet. The
premier in March, 2000 of Stan Lee Media's new 7th Portal Team of Super Heroes
on the Shockwave.com Web site caused such an enthusiastic response it
overloaded the site's servers, and more than 1 million downloads of the first
episode were registered within days.
Under their strategic alliance, the companies intend to jointly develop
online applications and products for use by Stan Lee Media in its business
activities. Perceptronics will showcase its collaborative interaction
capabilities from IC3D/Wyth for Animation with Stan Lee Media's global branded
entertainment content in games, environments, e-commerce shopping and other
content using Macromedia's Flash and Shockwave. The applications will be
developed as projects funded by Stan Lee Media, who will have the exclusive
rights to their use, as well as the right to sub-license the constituent
IC3D/Wyth Technology. The parties will share in ownership of any jointly
developed new products and/or tools, and each party will have the right to use
and market them.
"Stan Lee's minions include a fabulous bunch of highly creative and
productive industry veterans and innovators," said Richard Moskowitz,
Perceptronics' CEO. "We are thrilled and honored to work with Stan's great
people to create new types of applications that combine the strengths of both
companies to deliver entertainment to a global audience of Web users."
"We have been very fortunate in our strategic alliances to date,"
continued Moskowitz, "but this one truly connects us with a master of
entertainment, who has shown a unique ability to adapt traditional formats to
the dynamic and interactive Internet environment. What a terrific showcase
for our IC3D/Wyth products!"
Gary Manfredi, director of technology at Stan Lee Media, said, "What I
find exciting about the IC3D/Wyth Technology is that it enables a key
component to creating truly interactive experiences -- multi-player
functionality. People are much more interested in competing and collaborating
with each other than with a computer simulation. Kids can play together in a
new way and join with others from around the world. Perceptronics' products
seamlessly adds this functionality to our current content technologies such as
Flash, Shockwave, Java, etc."
Perceptronics' IC3D/Wyth for Animation (patent-pending) allows a group of
Internet users to control and view collaboratively a synchronized Flash,
Shockwave or other animated presentation. Everybody in the group is able to
see and hear the same material simultaneously, and everybody can have a hand
on the "remote controller."
The collaborative interaction is accomplished by using the IC3D Framework
for shared coordination of the animated presentation among the collaborative
group and control of the presentation from the parent Web site. The normal
media server or servers associated with the parent Web site delivers the
animation content in synchrony to the multiple user group. Adding new
collaborative capabilities via Perceptronics' IC3D/Wyth technology thus need
not require major changes or modifications to Web sites now offering
single-user interaction from Flash, Shockwave or other animation media.
Perceptronics' business is to develop, produce and market software
products and services that allow Web site developers and owners to create
online collaborative experiences that meet the growing demand for expanded
multi-user interactivity on the Internet. A description of the Company's IC3D
Technology is found at ic3d.perceptronics.com.
Safe Harbor Statement:
Statements by Mr. Richard Moskowitz, as well as the above statements
regarding the Company's expectations about growth and marketing strategies,
new and existing products, and future financial performance are Forward
Looking Statements that are subject to a number of risks and uncertainties.
These risks and uncertainties include, without limitation: (1) technological
factors affecting the development and commercial fielding of the IC3D
Framework; (2) competitive factors in the Internet industry, including the
ability of the Company to compete against larger, well-funded companies; (3)
cash flow factors affecting the Company's operations; (4) the ability of the
Company to obtain required financing, that would affect further development
and marketing of the IC3D Framework; and (5) competitive factors and
contracting contingencies in the defense simulation industry and in particular
in the international defense business. 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.
Web Site: ic3d.perceptronics.com
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