Could anyone comment on this article about Log Point and what is its role vis a vis of Wind River. It does mentioned at the end of the article on their collaboration with Wind.
Thank you for your input.
Anthony
Log Point to Begin Shipping SuperSpeed to Customers
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 Softwareprovides 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.
Log Point Hires Merger Communications
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--April 28, 1999--Log Point Technologies (OTC BB:LGPT), a leading developer of superior software products and hardware designs for embedded computation, announced today that it has retained Merger Communications Inc. of Houston to handle its media relations operations. The national campaign will target national media to promote Log Point and its products to potential clients and business partners, as well as to the financial community.
Last week Log Point announced that it is finalizing the licensing agreements for its initial SuperSpeed software customers. It also pointed out that Log Point's sales and marketing efforts will accelerate as new major financing comes online.
The hiring of Merger Communications reflects Log Point's shift from product development and best testing to commercial distribution and a more marketing focused approach. Within the next 90-180 days, the company should have a fairly reliable picture of exactly how much of the $100-plus million potential market for its software product line it should be able to realize. Within six months, Log Point will be ready to roll out its new hardware product lines.
According to Samuel Shanks, president and chief executive officer of Log Point, "Merger Communications will be instrumental in this process. Our products significantly improve our clients' profit margins, help them increase their market share, shorten product development time and extend the lives of their existing product lines. We needed someone like Merger to communicate all of these benefits to our potential clients. By getting this message across, we believe we can grab a much larger piece of the one hundred million plus dollars worth of business that's out there for the type of software we supply."
"Merger came highly recommended by several industry experts as a company that produces great results with the media. Merger Communications has quickly become one of the hottest firms in the industry because of it has also been very successful at attracting significant interest for its client companies within the investment community," Shanks explains.
According to David Drake, vice president of Merger Communications, "We are looking forward to working with Log Point. Unlike many traditional PR or IR-firms, we are very selective with the companies we decide to work with. That's why both the media and the investment community have come to rely on the quality of the material we produce. Everyone knows that the news we disseminate will be just that, news -- not more of the same self-promotional garbage they have gotten so used to seeing."
Merger Communications is one of the nation's fastest-growing Public Relations firms with its triple-digit percent quarterly growth figures. Merger focuses exclusively on media relations -- generating positive media coverage for its clients -- and works with both public and privately held companies. The majority of Merger's clients are in high-tech industries. Some of Merger's most recent publicly traded financial media relations clients include ClearWorks Technologies (OTC BB:CKWK), MarketCentral.net (OTC BB:MKTS) and Cybertel Communications Corp. (OTC BB:CYTP).
Over half of Merger's clients are privately-held companies that have chosen media coverage as a cost effective tool for increasing their name recognition, marketing their services and/or attracting potential investors through media coverage.
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.
Log Point Technologies has third-party relations with Microsoft (Nasdaq:MSFT), IBM (NYSE:IBM), Intel (Nasdaq:INTC), National Semiconductor (NYSE:NSM), Fujitsu, Motorola (NYSE:MOT), Mitsubishi, Inprise, Integrated Systems (Nasdaq:INTS) and WindRiver Systems. 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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