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Only 4.4 Million shares outstanding, very small float. Perceptronics Creates New IC3D Web Site for Internet Collaborative 3D Technology PR Newswire - February 03, 1999 12:40 WOODLAND HILLS, Calif., Feb. 3 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR) 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 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 Perceptronics' 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. SOURCE Perceptronics, Inc. /CONTACT: Dr. Gershon Weltman of Perceptronics, Inc., 818-884-7470, or fax, 818-340-6067/ /Web site: perceptronics.com /Web site: ic3d.perceptronics.com (PCTR) | ||||||||||||||
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