Mads...my rationale remains the same. AND, you can buy the stock NOW for a price level it hit several times last year...and they are WAY AHEAD in the development of their 3D collaborative internet technology as of today compared to just a few months ago. In fact you can buy the stock now for less than half of the interday high 2 months ago...and look at the press releases since then...the whole story is right here (see releases below since Feb 4th when it spiked to 2.25 on record vol of 665,000) and it is worth a helluva lot more than 1.00 per sh. If the company IPO'd right now (and they are far enough along in the development of the various 3D internet technologies and products to do so) my guess is that it would go for $5 to $8 per sh...MY OPINION ONLY
As always do your own dd.
gpg
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 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.
Perceptronics Selected for Global California
Mentoring Program
WOODLAND HILLS, Calif., Feb 16 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR - news) announced
today that it was selected to participate in the Global California Mentoring Program (GCAMP).
GCAMP is an intensive resource program created by the Los Angeles Regional Technology Alliance (LARTA) to help
California companies compete successfully in the global marketplace.
GCAMP focuses on technology companies that want to develop or expand into the international marketplace. GCAMP
provides direct access to experts from consulting, legal, financing and public service companies to assist the selected companies
in developing international marketing plans, high-potential organizational strategies and immediate action plans. Sponsors
include Grant Thorton, Rodi Pollcck, Imperial Bank, and Southern California Edison.
Dr. Richard Vestewig, Senior Vice President at Perceptronics, said, ''We are pleased and honored to be chosen to participate
in GCAMP. We see the resources and support provided by GCAMP as very helpful in bringing our new technology for
Internet Collaborative 3D (IC3D)(TM) to the international marketplace. GCAMP will also help Perceptronics expand its
international market in training systems for various commercial and military applications.''
''We are especially grateful to LARTA for sponsoring and organizing GCAMP. LARTA is currently monitoring a grant to
Perceptronics from the California Technology Investment Partnership Program (CalTIP), designed expressly to help California
business bring high-technology products to market. So far, this grant has supported market research, trade show exhibits, and
creation of a dedicated IC3D web site -- featuring a ''hands-on'' demonstration of a collaborative 3D rowing simulation. The
market research, demonstration content and web site design were all done in partnership with talented California companies.
With the knowledge gained from GCAMP, we plan to further exploit these accomplishments to penetrate the international
market for Internet technology. Success in this endeavor would help Perceptronics grow and continue its contribution to
California technology and job creation.''
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 Shows IC3D Technology at
International VRML99 Conference
WOODLAND HILLS, Calif., March 2 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR - news) announced
today that it successfully showcased its IC3D(TM) Technology for Internet Collaborative 3D at the international VRML99
conference, held in Paderborn, Germany, during February 24-26, 1999.
Dr. Gershon Weltman, Perceptronics' chairman and chief executive officer, said, ''The VRML99 Conference was an important
milestone on our IC3D roll-out schedule, and our technical team did a great job in meeting it. Response to the IC3D
Technology was fully positive, and the Perceptronics VRML99 team made many valuable business and technical contacts.
''The VRML Conference is a yearly event attended by more than 300 of the leading developers of Internet technology and 3D
applications,'' continued Dr. Weltman. ''Perceptronics presented IC3D at its dedicated exhibit booth and at the Web3D
Roundup. The Web3D Roundup is a fast-paced public forum featuring many of the world's leading VRML accomplishments.
We were honored to be included in this premier event, since over half the Web3D Roundup applications were not accepted.
''Perceptronics demonstrated its IC3D Technology using the Head of the River Challenge (HOTRC). HOTRC is a
collaborative 3D rowing simulation that allows multiple players, operating from separate Internet computers to row together in
the same shell, and race against live or automated players in other shells. The Web3D Roundup HOTRC presentation was
done in real time on a large screen before a highly sophisticated audience, and the Perceptronics team carried it off without a
hitch.
''HOTRC was created together with Shout Interactive of San Francisco as a proof-of-concept demonstration of Perceptronics
IC3D/InterGame Platform. Shout Interactive is the leading developer of innovative 3D Web sites. More information about
Shout Interactive can be found at shoutinteractive.com.
''Our presentation at VRML99 is one of a number of presentations planned this year for technical conferences and commercial
trade shows,'' Dr. Weltman concluded. ''The publicity and contacts generated by these presentations will help the launch of our
IC3D products and services. These are described on our IC3D web site, which also contains a scaled-down version of
HOTRC.''
The IC3D/InterGame architecture has its origins in well-established DoD protocols for high speed communication in networked
virtual simulation, and also accommodates open Internet tools such as VRML and standard browsers. The success of the
HOTRC demonstration shows how this powerful architecture can help establish next-generation collaborative 3D applications
for education, commerce and communication, as well as for entertainment.
Perceptronics Demonstrates Operation on Internet of
IC3D/InterGame Platform for Collaborative 3D
WOODLAND HILLS, Calif., March 16 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR - news)
announced today that it successfully demonstrated operation of its IC3D(TM)/InterGame Platform for Internet Collaborative
3D in a fully Internet-connected mode. In the demonstration, Perceptronics' Head-of-the-River Challenge (HOTRC), a
multi-person virtual rowing game jointly developed with Shout Interactive, was played over the Internet using dial-up
connections.
Dr. Gershon Weltman, Perceptronics chairman and chief executive officer, said, ''This successful demonstration is a major
milestone in our product development process. The present demonstration proves that our IC3D/InterGame Platform -- which
combines the latest Run Time Infrastructure (RTI) implementation of the DoD's High Level Architecture (HLA) with open
Internet standards such as Java, VRML 2.0. and Netscape -- will operate on the Internet as we have planned,'' said Dr.
Weltman.
''Perceptronics' adaptation of the HLA/RTI communication architecture for Internet use imparts significant commercial
advantages to our IC3D/InterGame Platform. These advantages include built-in scalability, extensibility and interoperability, as
well as more cost-effective initial development and subsequent expansion, enhancement and reuse of Collaborative 3D
applications. The success of the present demonstration shows clearly how this powerful architecture can help establish
next-generation Internet Collaborative 3D applications in our chosen initial market areas of entertainment, education, commerce
and communication.''
''The first demonstration of the Perceptronics IC3D/InterGame Platform, was announced on November 30, 1998. It showed
that it could be used by an Internet developer such as Shout Interactive, the leading developer of innovative 3D Web sites, to
create a truly collaborative shared 3D virtual experience -- the HOTRC game -- played over a local area network. The second
demonstration, announced on February 3, 1999, showed that a one-station version of the HOTRC game could be
down-loaded from our special IC3D Web site.''
''In the present Internet-based demonstration, two users with preloaded HOTRC software play the virtual rowing game using
dial-up connections to the Internet through a commercial ISP. The users arrange their set-ups, then collaborate online in rowing
a two-man shell -- racing against a computer-automated crew rowing a second two-man shell. The HOTRC rowing simulation
requires close coordination of rowing stroke timing and power in order to move the shell forward straight and fast. The
Internet-connected users are able to accomplish this at a high level of performance, and with no apparent degradation due to
communication delays or lags.''
''These results are very positive,'' continued Dr. Weltman. ''But more development and testing effort is required, particularly in
the area of streamlining the user set-up procedures, in order to support a multi-station HOTRC demonstration on our IC3D
Web site, as planned. This work is in progress. At the same time, we are working to further develop our IC3D Interim
Products, which we are currently offering along with total Internet Collaborative 3D Solutions to forward-looking customers.''
Perceptronics performs research and development and manufactures and markets computer-based simulation systems for
commercial and military users worldwide. A description of the IC3D(TM)/InterGame project and technology and a
demonstration of the Head of the River Challenge game -- along with product and service contact information -- can be found
at ic3d.perceptronics.com. Further information about Perceptronics, the company, can be found at
perceptronics.com.
November Lazar Scher, Inc. Will Market
Perceptronics' IC3D to Entertainment Industry
WOODLAND HILLS, Calif., April 7 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR - news) announced
today that it has entered into a marketing agreement with November Lazar Scher, Inc. (NLS) a prominent Hollywood
promotion and licensing firm. Under the agreement, NLS will market Perceptronics' IC3D(TM) products and services for
Internet Collaborative 3D to the entertainment industry including online gaming and related e-commerce industries. The
objectives include developing immediate revenue generating opportunities for the current IC3D/InterGame Technology in
Hollywood and other entertainment markets and establishing contacts and alliances with major entertainment companies.
November Lazar Scher, Inc. has been providing innovative and comprehensive marketing services to the entertainment and
product licensing industries since 1989, and has worked on dozens of major Hollywood Projects, including ''Star Trek,''
''Jurassic Park,'' ''The Lion King,'' ''Terminator 2,'' and ''Ace Ventura Pet Detective.'' The firm's principals -- Mark
November, Craig Lazar and Gene Scher -- are familiar with the present and future needs of the various entertainment markets,
and have close working relationships with many of the people responsible for meeting these needs at major studios and other
entertainment organizations. NLS is highly enthusiastic about the market potential of Perceptronics' IC3D Technology.
''The tools for Collaborative 3D that Perceptronics has developed will provide Hollywood with new and exciting ways to
create Internet-based consumer experiences,'' said Mark November, partner in NLS. ''Internet online sports, movie promotion
sites and music sites can be enhanced significantly by the use of IC3D Collaborative 3D tools -- and such enhancement will
provide real competitive and business advantages to early adopters. Hollywood film producers are now spending up to tens of
millions of dollars per movie on promotion, including novel Web sites. We plan to convince them to spend good portions of this
with Perceptronics. In addition, the opportunities for the IC3D tools in the online gaming and e-commerce worlds are
unbelievable.''
''Perceptronics' IC3D software capabilities also provide compelling programming options for television producers with an eye
on the future. IC3D can help transform today's television programming into the fully immersive and interactive programming
envisioned for tomorrow,'' added Mr. November.
Dr. Gershon Weltman Perceptronics' chairman and chief executive officer, said, ''The non-exclusive agreement with November
Lazar Scher gives a terrific start to our IC3D/InterGame marketing strategy. From the beginning of our Collaborative 3D
project we have seen the approximately $18 billion market for interactive digital entertainment as a prime target, because the
IC3D/InterGame Technology is so well suited to entertainment needs, and entertainment companies, are accustomed to early
adoption of innovative new approaches.''
Perceptronics is located in the Hollywood area, which is not only the world's center for entertainment, but also a major center
for Internet business -- including online gaming and e-commerce. Our geographical and technical advantages, combined with
NLS' Hollywood knowledge and clout, should allow us to make important business contacts and identify near term revenue
producing opportunities.
''We are very pleased that our rapid progress on the IC3D/InterGame Technology has allowed us to start significant marketing
efforts so soon,'' continued Dr. Weltman. ''The SBIR Phase II development contract started only nine and a half months ago,
in June 1998. By October 1998 we were able to transfer the initial InterGame Technology to the leading 3D Web site
developer -- Shout Interactive of San Francisco. In November 1998 Perceptronics and Shout successfully demonstrated The
Head of the River Challenge (HOTRC), a fully-collaborative, multi-person online 3D Web rowing simulation, using a local area
networked configuration. In February 1999 we hosted a single- station version of HOTRC on our new IC3D Web Site and
showed it at the VRML99 Conference in Germany. And in March 1999 we successfully demonstrated the IC3D/InterGame
Platform running HOTRC in a fully Internet-connected mode.''
Dr. Weltman concluded, ''This rapid progress is due in large part to the technical talent of our development team, but it is also
made possible because the IC3D/InterGame architecture originates in a set of well-established, science-based Department of
Defense protocols for high-speed communication in networked virtual simulation. To this firm foundation the Perceptronics
team is adding modern Internet open standards such as Java, VRML and browser access. We believe that this powerful
combination will allow us to perform successfully on any new opportunities generated by NLS and also will give us significant
long-term advantages over competing multi-person online platforms.''
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