PCTR ran up to 2.25 on vol of 600,000 on the Feb 3rd press release, which follows this one released about an hour ago. Company continues to push the envelope w/outside support for their technology. Trading today at 1.09/1.25 on 21,000.
Perceptronics Receives $0.5 Million Contract for
Continued R&D in Networked Simulation
WOODLAND HILLS, Calif., Feb. 19 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR - news) today
announced that it had received a contract for approximately $0.5 million from the U.S. Army's Simulation, Training and
Instrumentation Command (STRICOM) to perform research and development in the area of networked simulation.
Under this contract, funded by the Defense Modeling and Simulation Office (DMSO), the Company will work on advances in
the High Level Architecture (HLA) being developed by the Department of Defense to enhance the connection of large numbers
of military and other simulators. The HLA is the next- generation replacement for the Distributed Interactive Simulation (DIS)
protocols, presently used by industry and government to permit diverse simulators, created by separate groups, to work
effectively together on the same virtual battlefield.
The present award extends work by Perceptronics on Data Distribution Management, a service of the HLA's Run Time
Infrastructure (RTI). Data Distribution Management transmits only relevant simulation exercise data and only to selected
participants. It reduces the amount of information being transmitted, and therefore speeds up performance of the simulation by
using the available bandwidth more effectively. Perceptronics will perform work on ''use cases'' which reflect characteristics of
actual simulation scenarios, and will conduct experiments to determine RTI performance under those scenarios.
Perceptronics will also apply its IC3D(TM) Technology for Internet Collaborative 3D to various virtual environments for
military simulation and training. IC3D combines the HLA protocols with open Web standards to permit multiple users to share
and interact in virtual 3D environments. IC3D development and commercialization is being done with funding from a Small
Business Innovation Research (SBIR) contract from STRICOM, a grant from the California Technology Innovation Partnership
(CalTIP) and outside investment. The IC3D Technology will be applied to military simulations developed under HLA
standards. Making such simulations available over the Internet would allow training exercises to be readily conducted with
widely dispersed participants.
Perceptronics performs research and development and manufactures and markets computer-based simulation systems for
military and commercial training and decision support. Information about Perceptronics and its products is found on the Internet
at perceptronics.com. A description and demonstration of the IC3D(TM) Technology is found at
ic3d.perceptronics.com.
Statements regarding Perceptronics' expectations about growth and marketing strategies, new and existing products, future
financial performance and other Forward Looking Statements are subject to various risks and uncertainties, including, without
limitation, technological factors, competitive factors, financing and cash flow factors, and uncertainties relating to foreign and
defense-related sales. These and other risks and uncertainties are discussed in greater detail from time to time in the Company's
SEC filings and reports.
Perceptronics Creates New IC3D Web Site for
Internet Collaborative 3D Technology
WOODLAND HILLS, Calif., Feb. 3 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR - news) today
announced it has opened a special Web site in response to the large amount of interest shown in its IC3D(TM) Technology for
Internet Collaborative 3D, including the InterGame Framework and related products and services. Perceptronics' new
IC3D(TM) Web site can be found on the Internet at ic3d.perceptronics.com.
Dr. Gershon Weltman, Perceptronics' chairman and chief executive officer, said, ''The new Web site provides an effective way
for us to communicate our IC3D capabilities. Our targets are the people and organizations that already know something about
the IC3D Technology Perceptronics is developing -- and the many more who should know, because of the great benefits IC3D
can bring to their Internet applications. Our site will evolve continuously as our technology and product line develops.''
''The most important feature of the IC3D Web site is the detailed description and initial 'hands-on' demonstration of our Head
of the River Challenge collaborative rowing game,'' said Dr. Weltman. ''Head of the River Challenge, or HOTRC, was created
together with Shout Interactive of San Francisco as a proof-of-concept demonstration of Perceptronics' InterGame
Framework. It is a leading-edge 3D virtual rowing simulation that allows multiple players, operating from separate computers
on the Internet, to row together in the same shell, and race against live or automated players in another shell.
''By showing how remote users can truly collaborate via the Internet to affect 3D virtual objects in a 3D virtual environment,
the HOTRC game illustrates the unique advantages that fully-immersive shared virtual experiences can bring to Internet
applications.''
''The IC3D Web site contains a version of the HOTRC game that allows two players to collaborate in the rowing task using
one computer, or even one adept player to experience the collaborative action by himself or herself. The initial Web
demonstration is less complete than the multi-station version available at Perceptronics. Nevertheless, it does effectively show
the collaborative capabilities of the IC3D simulation, and that these capabilities can be realized using open resources readily
available on large numbers of Internet-linked PCs. Our plan is to install a multi-station demonstration of HOTRC on the IC3D
Web site in the future.''
''The IC3D Web site emphasizes the revolutionary benefits that Perceptronics' IC3D Technology brings to 3D interactivity on
the Internet,'' continued Dr. Weltman. ''It also provides valuable background on the IC3D Technology. This includes its origins
in powerful, well-established DoD communication protocols for large scale networked simulation, as well as its architecture --
which incorporates Java, Living Worlds, VRML, standard Internet browsers, and the InterGame Framework. The site outlines
the benefits of Perceptronics' IC3D Technology in the leading applications areas of entertainment, education, communication
and e-commerce, and describes the application development services and interim products currently being offered by the
Company.''
''We hope people will visit our new IC3D site,'' concluded Dr. Weltman, ''and contact us with feedback as well as with
opportunities for service. We firmly believe that Internet Collaborative 3D is not only the next big thing in the rapidly expanding
Internet market, but a truly better means of communicating and interacting. It will help establish the 'digital communities' within
which a good part of the world's population will soon work, play and shop.''
Perceptronics performs research and development and manufactures and markets computer-based simulation systems and
software for military and commercial training and decision support. Further information about Perceptronics and its products
can be found on the Internet at perceptronics.com.
Statements regarding Perceptronics' expectations about growth and marketing strategies, new and existing products, future
financial performance and other Forward Looking Statements are subject to various risks and uncertainties, including, without
limitation, technological factors, competitive factors, financing and cash flow factors, and uncertainties relating to foreign and
defense-related sales. These and other risks and uncertainties are discussed in greater detail from time to time in the Company's
SEC filings and reports.
Perceptronics Announces Improved Nine Month
Results for Fiscal 1999
WOODLAND HILLS, Calif., Feb. 10 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR - news) today
reported improved financial results for the first nine months and third quarter of fiscal year 1999 compared with those of a year
ago. For the nine month period, revenues increased approximately 38% over the year before, and net income increased by
approximately 48%. Third quarter results were also improved over the year earlier, with an approximately 22% increase in
revenues and an approximately 10% increase in profit.
Perceptronics' profit for the nine month period ending December 31, 1998 was $141,246, or $0.03 a share on total revenues
of $3,567,884. In comparison, for the first nine months a year ago, the Company reported a profit of $95,338, or $0.02 a
share, on total revenues of $2,578,524.
For the third fiscal quarter ending December 31, 1998, Perceptronics showed a profit of $59,809, or $0.01 a share, on total
revenues of $1,259,782. For the same period a year ago, the Company showed a profit of $54,479 on total revenues of
$1,031,115.
Dr. Gershon Weltman, chairman and chief executive officer said, ''The 38% improvement in revenues in the current nine month
period was primarily a result of increased deliveries on international TOW PGTS contracts and of additional efforts on new
U.S. Government R&D contracts for development and commercialization of our HLA-based IC3D(TM)/InterGame
technology for Collaborative 3D on the Internet. The nearly 50% increase in profit resulted from improved operating
efficiencies at the higher revenue levels. Based on our fiscal year results to date, and barring any unforeseen events, our present
expectation is that revenues and profit for all of fiscal year 1999 will be above those of 1998.''
Perceptronics performs research and development and manufactures and markets computer based simulation systems and
software for military and commercial training and decision support. Additional information about Perceptronics and its products
and services can be found on the Internet at perceptronics.com. Specific description, discussion and initial
demonstration of the Company's IC3D(TM) Technology can be found on the Internet at ic3d.perceptronics.com.
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