Yesterday, bad news, poor earnings report, as expected.
Today, good news, new contract, back to their roots.
DoD has groomed this company for their network
simulation expertise for many years.
They are the best in their business,
and now their business is the entire web.
______
WOODLAND HILLS, Calif., Jun 27, 2000 /PRNewswire via COMTEX/ -- Perceptronics,
Inc. (OTC Bulletin Board: PCTR) today announced that the Company had been
awarded a contract for approximately $300,000 from the Department of Defense
(DoD) for research and outreach in support of the DoD's High Level Architecture
(HLA) for distributed simulation. The contract is with the Army's Simulation,
Training and Instrumentation Command (STRICOM), Orlando, FL, and is funded by
the Defense Modeling and Simulation Office (DMSO), Washington, D.C.
Dr. Gershon Weltman, Perceptronics' chairman and president, said: "Perceptronics
has been a long time contributor to STRICOM and DMSO research and development
programs. This experience was seminal to our development of the Company's
IC3D(TM) Framework for Internet collaboration, which uses the HLA concepts in
novel ways. We are most pleased to renew our technical association with these
creative and productive organizations, and are confident this will add to our
store of critical knowledge, as well as to the country's defense."
The current project is a continuation of R&D work performed by Perceptronics for
STRICOM and DMSO on the High Level Architecture. The HLA is being developed to
meet requirements of interaction among the three types of simulation
(constructive, virtual, and live), as well as for operational C4I systems, and
for test and evaluation of weapon systems during development. The great increase
in scope of HLA applicability, compared to that of the predecessor Distributed
Interactive Simulation (DIS) protocols, requires significant advances in
communication, so that scalability, interoperability, and extensibility of
legacy, existing and future systems can be achieved.
Perceptronics' current work is intended to address four tasks important to the
success of HLA for present and future applications. These tasks are: testing new
releases of the HLA's Run Time Infrastructure (RTI) as they become available and
are distributed; using a Perceptronics-developed HLA test bed to examine
critical issues of Data Distribution Management (DDM); performing initial
analysis on the development of well-defined RTI components and modules necessary
to support the RTI for a variety of Web operations from relatively simple to
highly complex; and participating in the HLA technical community, to provide
representation for DMSO in the Web3D Consortium as well as reports of
significant activities and meetings.
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 enhanced 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 Dr. Weltman and 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)
uncertainties relating to foreign and defense-related sales, that would affect
closure of the planned PGTS divestiture. These and other risks and uncertainties
are discussed in greater detail from time to time in the Company's SEC filings
and reports. Further information about the IC3D Framework is found at the
Company's IC3D Web site, ic3d.perceptronics.com.
SOURCE Perceptronics, Inc.
CONTACT: Dr. Gershon Weltman of Perceptronics, Inc., 818-884-7470, or
fax 818-340-6067
URL: ic3d.perceptronics.com
prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
|
