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To: grayfish who wrote (304)	12/1/1998 11:09:00 AM
From: GARY P GROBBEL	Read Replies (1) \| Respond to of 1530

Company also had a release yesterday...and this company seldom issues releases: PCTR OTC BB .87/.94...see Yahoo for yesterday's release...see EDGAR for filings: Perceptronics and Skyline Software Join Forces For Internet Collaborative 3D Terrain Products WOODLAND HILLS, Calif., Dec. 1 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR - news) today announced that it will work together with Skyline Software Systems, Ltd., the leading supplier of 3D terrain visualization software for PC computers. The companies plan to explore ways to add important new capabilities for multi-person, online planning and collaboration over the Internet to Skyline's Terra™ terrain visualization products by combining them with Perceptronics' InterGame™ collaborative 3D framework. Skyline's Terra program suite creates realistic 3D terrain visualizations by overlaying aerial or satellite imagery on 3D terrain models. The Terra rendering engine creates 3D visualizations in real time on typical PC platforms. The result is affordable real-time terrain visualization at a totally new level, providing close-up views with remarkable clarity and long-range views to the horizon, and allowing the viewer to ''fly'' freely over large terrain areas. Terra also supports a full spectrum of life-like weather effects, and the addition of other 3D objects such as vehicles and buildings, labels, etc. At present, however, the Terra product line is oriented primarily toward the individual user, rather than toward multiple users at remote locations sharing the same terrain visualization for the purpose of joint observation, discussion, analysis, course of action planning, and so forth. It is clear that a capability for collaboration would enhance the utility of this outstanding visualization product as a decision making tool, because in today's corporate (and military) world, the decision makers are frequently miles or even continents away. Perceptronics' InterGame™ framework for Collaborative 3D on the Internet is well suited to provide this capability using the readily available and fully compatible Web medium. Perceptronics' InterGame software tools and protocols are designed to bring the many benefits of DoD's High Level Architecture (HLA) and Run Time Infrastructure (RTI), in combination with existing Internet open standards such as Java, VRML and Living Worlds, to the rapidly growing market for Collaborative 3D. Collaborative 3D applications on the Internet are emerging as a primary vehicle for realizing the full potential of 3D visualization. Perceptronics is addressing this opportunity by adapting its proprietary InterGame platform to capitalize on enabling technologies already in use by tens of millions of end-users. Dr. Gershon Weltman, Perceptronics' chairman and chief executive officer, said, ''This alliance represents our first application of the InterGame framework to 3D-based communications and decision support, the market area we believe will be the largest in the long run. We are very pleased by the opportunity to combine our InterGame technology with the Terra terrain visualization software. Skyline Software Systems, located in Israel, has created an outstanding product. InterGame can enhance this product by providing users with the ability to conduct 'meetings in the sky' and to interact collectively with the terrain and its added objects while maintaining the advantage of an individual viewing point. Collaborative 3D terrain visualization will be even better than being there!'' ''On the basis of our extensive experience with virtual reality simulation and training, we believe that affordable and readily available collaborative 3D terrain visualization and communication solutions will find immediate acceptance in business, military, and civil applications. The military in particular is seeking new methodology for what it terms 'Battlefield Visualization (BV)' by dispersed command groups. The Terra/InterGame combination of realistic 3D terrain representation with networked planning and collaboration functions can fill many BV requirements at a remarkably low cost, and the same system can be used for training and simulation as well as operations. Similar requirements for collaborative terrain visualization and dispersed command exist in civil emergency and disaster planning and control, and this should also constitute a prime market for an affordable product, due to the limited budgets available. ''All in all, we are very enthusiastic about the possibilities of the Perceptronics-Skyline team effort,'' Dr. Weltman concluded. ''The two companies are still in the early stages of discussion, and have not yet established a firm product development plan or schedule, but we hope this will be done soon.'' Skyline Software Systems Ltd. specializes in the development of high performance 3D terrain visualization products and also produces interactive online games for the Internet. For more information on Skyline Software Systems, please visit skyline.co.il. 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 the Company's 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.