AXS Technologies Receives $2 Million in Additional Funding; AXS Will Add Infrastructure and Bring Products to Market.Business Editors/Hi-Tech Writers ANNAPOLIS, Md.--(BUSINESS WIRE)--Feb. 20, 2001 AXS AXS Access AXS Anomalous X-Ray Scattering AXS Alpha Chi Sigma AXS Alpha X-Ray Spectrometer AXS Activex Script Technologies (www.axstech.com), whose patented parallel processing parallel processing, the concurrent or simultaneous execution of two or more parts of a single computer program, at speeds far exceeding those of a conventional computer. technology increases the speed at which high quality digital images are viewed, announced today an additional U.S. $2 million in funding. Sources include the international law firm of Sonnenschein, Nash & Rosenthal, FastTrack Capital L.L.C., European venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. Martin Velasco, AXS Board Members Steve McManus and Dick Aschman, and Annapolis, Md.-based private investors Tommy Closs and Bret Anderson Bret Anderson (born April 23rd, 1974 in New Westminster, British Columbia) is a place kicker and backup slotback for the British Columbia Lions of the CFL. Anderson is number 8, 6'3" and 215 lbs. He has played 10 years in the CFL, mostly as a slotback and all with the Lions. . AXS will use the additional funds to expand infrastructure and product development and take its products to market. "From the international law firm of Sonnenschein, Nash & Rosenthal to Martin Velasco, widely considered one of Europe's leading business angels, AXS now has additional talents and expertise from which we can draw," said Chuck Bauer, AXS CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "These resources will contribute greatly to our domestic and international expansion." AXS also announced the launch of its new Web site at www.axstech.com. Redesigned and reengineered by IconMediaLab, the site features industry-specific applications of AXS' EyeSpy(TM) Image Server software, including art and photography, e-Business, defense, mapping, e-Learning, travel, and medical. Various demos showcase EyeSpy(TM) features, which include extensive zoom and pan range with no image quality loss and no visible pixellation effects--all in the blink blink the involuntary movement of one or both eyelids of both eyes simultaneously. The frequency varies between species. Cats blink the least, with the possible exception of owls. In birds it is the lower eyelid which is moved up to meet the upper lid. of an eye. The EyeSpy(TM) Image Server, AXS' first product, was launched at Fall Internet World in October 2000. EyeSpy(TM) is the first digital imagery server software to utilize parallel processing, offer multi-platform flexibility and operate in a pure HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. environment. Cacheable and scalable, the EyeSpy(TM) Image Server delivers maximum speed and quality in a surprisingly affordable data retrieval and imaging solution. MapPix(TM) is expected to launch during the first half of 2001. The product, which enhances map delivery and user viewing interaction, provides significant increases in speed and comprehension when viewing georeferenced imagery, such as raster The horizontal lines (scan lines) displayed on a TV or computer monitor. This is the origin of the term "raster graphics," which is the major category that all bitmapped images and video frames fall into (GIF, JPEG, MPEG, etc.). maps, aerial and satellite images. For example, when viewing maps enhanced with MapPix(TM), users will be able to measure both distance and surface elevations, and change the map scale. MapPix(TM) also allows individuals to zoom into images with noticeable increases in depth and clarity. Applications for the software include defense and intelligence communities, economic development agencies and the mapping industry. "AXS has patented a parallel processing technology with far-reaching applications," said Velasco. "EyeSpy(TM) and MapPix(TM) are clearly just the first of many products this company will develop utilizing this innovative technology." About AXS Technologies www.axstech.com AXS Technologies has developed and patented software technologies that exponentially increase the speed at which high quality digital imagery is accessed and deployed. Its products utilize cutting-edge parallel processing technology to set new standards in digital imagery by allowing commodity PCs to access in real time, high-resolution raster image extractions with supercomputer supercomputer, a state-of-the-art, extremely powerful computer capable of manipulating massive amounts of data in a relatively short time. Supercomputers are very expensive and are employed for specialized scientific and engineering applications that must handle very performance. AXS Technologies is part of HPI HPI abbr. history of present illness Holdings SA, a publicly traded Swiss investment company. It is headquartered in Annapolis, Md. with research and development facilities in Lausanne, Switzerland. (EyeSpy(TM) and MapPix(TM) are Trademarks of AXS Technologies, Inc.) |
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