PCTR - .25 x .30. A GREAT company, honest management, exciting technology, beaten down like everything else - and now tremendous news that revalidates their tech. Yeah, I own a bunch of it and plan to do so for a long time.
Perceptronics Licenses IC3D/Wyth(TM) Software to DNA Studio For Peer-to-Peer
Group Play in New Online Game
BEVERLY HILLS, Calif., Nov. 2 /PRNewswire/ -- Perceptronics, Inc.
(OTC Bulletin Board: PCTR) today announced that DNA Studio, a Beverly Hills,
CA developer of Web sites for feature films and other entertainment, has
licensed the Company's IC3D/Wyth Software to add collaborative group play to a
new DNA-produced online Web game promoting an upcoming major television event.
The IC3D/Wyth license and initial game project are part of a longer term
marketing and co-development agreement between Perceptronics and DNA Studio.
Richard Moskowitz, Perceptronics' chief executive officer, said: "We are
very pleased and excited to grant our first paid license for the IC3D/Wyth
technology to DNA Studio. They are a premier company in the Hollywood Web
community, with a terrific reputation for creativity, content and
productivity," Moskowitz concluded.
"This is a key milestone for us, and represents a validation of our
product development and marketing strategy. We see this as the pattern for
many, many more future sales -- that is, our IC3D products can enable
thousands of Internet businesses to create and support rich online
collaborative experiences using a variety of Web media.
"The initial DNA Studio project is a perfect example of how the IC3D/Wyth
peer-to-peer technology can add an important real-time collaborative dimension
to interactive online applications," continued Moskowitz. "In this case, a
forward looking Web site developer is using the IC3D/Wyth collaborative
technology for Flash and chat to elevate a really cool interactive game to an
even more compelling competitive and social experience."
DNA Studio (http://www.dnastudio.com) is an Internet-based multi-media
company that produces original Web sites for a variety of customers, including
top Hollywood film producers and distributors. DNA's innovative sites immerse
visitors in a content-rich environment that uses Flash and other dynamic media
to stimulate high levels of interaction as well as to entertain, market and
generate robust commerce and sponsor support. Recent work includes Web sites
for "Vertical Limit" and "Hollowman" from Columbia Pictures, "me, myself &
Irene" and "Fight Club" for 20th Century Fox Films, "Highlander: Endgame" for
Dimension Films, and "The Insider" for Touchstone Pictures.
The online game is the first in what Perceptronics and DNA plan to be a
series of Web site development projects that join Perceptronics' IC3D/Wyth
capabilities for real-time, peer-to-peer collaborative interaction with DNA's
outstanding creativity and multi-media production talents.
To that objective, the companies have entered into an agreement under
which the companies will work together to co-develop, and market unique
collaborative applications for entertainment and other markets. DNA will
provide business planning and market access, as well as creative content and
application project management. Perceptronics will provide technical
resources, including its proprietary connectivity technology -- the IC3D and
IC3D/Wyth Software. The agreement gives DNA the right to license the IC3D
Software for each application, as well as to sell and/or sublicense IC3D
Software to other companies, with payment to Perceptronics.
Dr. Gershon Weltman, Perceptronics' chairman and president, said, "The DNA
Studio project provides a good example of how easily and seamlessly
Perceptronics' patent-pending IC3D/Wyth Technology works in practice.
Visitors to the parent site are formed into player groups by the IC3D/Wyth
lobbying server. There can be an unlimited number of such groups formed.
"The IC3D/Wyth technology allows the group users to collaboratively
control and view the synchronized dynamic media presentation from the parent
site, which can be in Flash, streaming video -- such as Windows Media Player
or RealPlayer -- or a combination of media. At the same time, group members
can comment via chat. Everyone in the group sees and hears the same material
simultaneously, and everyone has a hand on the remote. Intra-group
communication is via peer-to-peer connection, independent of the lobbying
server and the parent site, so in a sense the groups exist in their own
'cyberspace capsules.'"
Dr. Weltman concluded, "Since the collaborative interaction is done
peer-to-peer, adding collaborative capabilities need not require major changes
or modifications to Web sites that already offer single-user interaction from
Flash or other dynamic media. This means that numerous present sites, with
large amounts of available content, can be made collaborative simply and
quickly."
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, and online demos are
available by special appointment. For additional information, please contact
the Company.
Safe Harbor Statement:
Statements by Mr. Richard Moskowitz and Dr. Weltman, 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.
-0- 11/02/2000
/CONTACT: Dr. Gershon Weltman of Perceptronics, Inc., 310-229-9882, or
fax, 310-552-4765, ic3d@perceptronics.com/
(PCTR)
CO: Perceptronics, Inc.; DNA Studio
ST: California
IN: CPR MLM ENT
SU: LIC |
