NEWS!
Log Point to Begin Shipping SuperSpeed to Customers
Business Wire - April 21, 1999 10:45
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--April 21, 1999--Log Point Technologies (OTC BB:LGPT), a leading developer of superior software products
and hardware designs for embedded computation, announced today that it is finalizing licensing agreement documents for its initial software customers. Log Point will
now be shipping its SuperSpeed software products immediately to its first customers. Although Log Point can't formally disclose its clients' names until all agreements
are completed, it does expect to make them public in a formal announcement in the near future.
Log Point's sales and marketing efforts will accelerate as new major financing comes online.
Log Point's SuperSpeed(TM) Floating Point Software provides cost-effective, integrated solutions for real-time controller designs. They improve speed of tougher
nonlinear numerical computations by 10 - 100 times, outperform competing floating point software products and offer performance comparable to hardware
solutions -- and in many cases much faster.
"Our Soft Co-Processors empower manufacturers to indirectly improve their profit margins, increase market share, shorten development time and extend the lives of
their existing products. Since announcing last October that we had moved from beta testing to commercial distribution, several major companies have evaluated it
and the response has been tremendous. They are all close to finalizing their tests and we expect to sign several of them shortly," states Samuel Shanks, president and
CEO of Log Point Technologies.
At this point, it is difficult to evaluate the entire financial impact, but the sales increase can be substantial. Log Point has estimated its annual market potential to be
$100+ million from software royalties alone. "Within the next 90 - 180 days, we should have a fairly reliable picture of exactly how much revenues our software
product lines will be able to produce. By October of this year, we'll also be ready to roll-out our new hardware product lines, further increasing the company's
earning potential," explains Shanks.
Log Point's Soft Co-Processor is available for all volume manufacturer 32-bit integer embedded RISC microprocessor architectures, such as Sun Microsystems'
(Nasdaq:SUNW) SPARC (including Fujitsu's SPRAClite 930 Series), Hitachi's (NYSE:HIT) SH Series, Mitsubishi, IBM (NYSE:IBM) and Motorola's
(NYSE:MOT) PowerPC, Hewlett-Packard's (NYSE:HP) Precision Architecture, ARM, MIPS and ARC architectures and 32-bit microprocessors, such as Intel's
(Nasdaq:INTC) 386, 486 and Pentium microprocessors. The Soft Co-Processor C++ class libraries can be used with any of the popular C/C++ compliers on the
market, from such vendors as Microsoft (NYSE:MSFT), Inprise (Nasdaq:INPR), Metaware, Watcom, CAD-UL, Daib Data and Greenhills.
Log Point Technologies has third-party relations with Microsoft, IBM, Intel, National Semiconductor (NYSE:NSM), Fujitsu, Motorola, Mitsubishi, Inprise,
Integrated Systems (Nasdaq:INTS) and WindRiver Systems. Many of these companies' Web sites link back to the Log Point web site. In most cases, Soft
Co-Processor can replace the discontinued hardware, which can lead to considerable revenue for Log Point.
For more information on Log Point, visit logpoint.com.
The statements made by Log Point Technologies Inc. (The Company) may be forward-looking in nature. Actual results may differ materially from those projected in
forward-looking statements. The Company believes that its primary risk factors include, but are not limited to: the need for substantial financial requirements; the
need to develop effective internal processes and systems; the ability to attract and retain high-quality employees; changes in the overall economy; regulatory policy;
and the mix of product and services offered in the company's target markets. Merger Communications is a media-relations firm employed by the Company. The
statements and opinions presented here represent the views of the Company. Merger and the Company believe that all information in this release presented herein is
accurate or complete. Merger's compensation for its media-relations services, including preparation of press releases, consists of a monthly retainer and stock.
Merger may have a long position in the securities of the companies in which it distributes information to the media, and Merger may be buying or selling securities in
the course of its regular business.
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