GNSM 1.17/1.25 has been moving up of late and in fact has broken to new 52wh...look at this chart!!.....trailing 12mo earnings of $.23 per sh...........here is what their customers like about the company's products:
bigcharts.marketwatch.com
(BSNS WIRE) Gensym User Society Meeting Highlights Payback of Reasoning Techn
logy; Costs Savings and Paybacks Presented by Users N
Gensym User Society Meeting Highlights Payback of Reasoning Technology; Costs Sa
ings and Paybacks Presented by Users Now Available Online
Business Editors/High-Tech Writers
BURLINGTON, Mass.--(BUSINESS WIRE)--May 8, 2003--Gensym
Corporation (OTC Bulletin Board: GNSM), a leading provider of software
and services for expert operations management, today announced a
successful annual meeting of its Gensym User Society (GUS).
Presentations from the meeting are now available online at
www.gensym.com/gus. These presentations, from such companies as Dow
Chemical, Halliburton KBR, IMC Phosphates, Intel, ManTech
International, and Siemens, highlight the paybacks of solutions based
on Gensym's G2(R) reasoning technology.
This year's GUS meeting, held April 9-11 in Boston, Massachusetts,
brought together users of Gensym's software from around the world.
Regularly held since 1988, GUS meetings are organized as professional
conferences that include presentations, tutorials, demonstrations, and
panel discussions. The meetings enable users to share their
experiences in successfully deploying reasoning technology solutions
based on Gensym's G2 software. The meetings also allow users to learn
about Gensym's technology advances and to preview and give feedback on
future enhancements.
The GUS 2003 meeting theme was "Highlighting Payback - Maximizing
Business Results through Reasoning Technology." To explore this theme,
GUS 2003 featured user presentations that highlighted how G2-based
solutions are achieving paybacks, or will be achieving paybacks after
deployment. The following presentation stories are available on
Gensym's Web site:
-- Dow Chemical achieved a six-month payback for an energy
optimization solution now running in several locations;
-- Halliburton KBR is pilot-testing a health monitoring solution
for off-shore production platforms that has already
demonstrated it can prevent incidents costing millions of
dollars in lost production;
-- IMC Phosphates is boosting throughput and reducing variability
for their phosphate processing;
-- Intel is pilot-testing an online decision support solution for
delivery planning that is predicted to reduce days of
inventory by 66% with no impacts on supply chain service
levels;
-- ManTech International is helping the U.S. Department of
Defense identify what changes should be made to its logistics
operations to reduce costs and improve service levels;
-- Minnovex Technologies is increasing throughputs by over 7
percent for a major Southeast Asia mineral processor;
-- Pivetal achieved a six month payback, and millions of dollars
in savings, for a network management solution deployed at a
major British telecommunications company; and
-- Siemens is enabling Tate & Lyle, a major manufacturer of
carbohydrate products such as sugar, to react more quickly to
changes in customer demands while at the same time optimizing
inventories.
To begin the exploration of the GUS 2003 theme, the meeting opened
with a keynote address from Richard Morley, a computing and automation
industry pioneer best known as the inventor of the programmable logic
controller (PLC) and founder of Modicon (now Schneider Automation).
"Despite a difficult economic and travel environment, GUS 2003 was
very successful," said Lowell Hawkinson, chairman, president, and
C.E.O. of Gensym. "The enthusiasm of the participants and quality of
information shared was very high. This year's emphasis on exploring
the payback of solutions based on Gensym's reasoning technology should
be helpful for our entire user community. We also heard very positive
feedback about our recent G2 7.0 release and our product roadmaps."
About Gensym Corporation
Gensym Corporation (www.gensym.com) is a provider of software
products and services that enable organizations to automate aspects of
their operations that have historically required the direct attention
of human experts. Gensym's product and service offerings are all based
on or relate to Gensym's flagship product G2, which can emulate the
reasoning of human experts as they assess, diagnose, and respond to
unusual operating situations or as they seek to optimize operations.
With G2, organizations in manufacturing, communications,
transportation, aerospace, and government maximize the performance and
availability of their operations. For example, Fortune 1000
manufacturers such as ExxonMobil, DuPont, LaFarge, Eli Lilly, and
Seagate use G2 to help operators detect problems early and to provide
advice that avoids off-specification production and unexpected
shutdowns. Manufacturers and government agencies use G2 to optimize
their supply chain and logistics operations. And communications
companies such as AT&T, Ericsson Wireless, and Nokia use G2 to
troubleshoot network faults so that network availability and service
levels are maximized. Gensym has numerous partners who can help meet
the specific needs of customers. Gensym and its partners deliver a
range of services, including training, software support, application
consulting and complete solutions. Through partners and through its
direct sales force, Gensym serves customers worldwide.
Gensym and G2 are registered trademarks of Gensym Corporation.
This press release contains forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995. Any statements contained in this press release that relate to
prospective events or developments, including statements about
paybacks from the use of our products, are deemed to be
forward-looking statements. These forward-looking statements are
subject to important risks and uncertainties, which could cause actual
results, such as paybacks, to differ materially from those
anticipated. These important risks and uncertainties include the
ability of our products to meet customer expectations and the other
risks which we describe under the caption "Factors That May Affect
Future Results" in our Annual Report on Form 10-K for the year ended
December 31, 2002. Although we believe the expectations reflected in
the forward- looking statements are based on reasonable assumptions,
we can give no assurance that our expectations will be attained. We
disclaim any intention or obligation to update any forward- looking
statements as a result of developments occurring after the date of
this press release.
--30--ES/bo*
CONTACT: Gensym Corporation
David Siegel, 781/265-7100
KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: SOFTWARE E-COMMERCE INTERNET HARDWARE
SOURCE: Gensym Corporation
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