Actuality Systems Recieves $1.7 Million Grant from NIST for Commercialization of Holographic Video; Grant Will Fund Development of Low-Cost 3D Holovideo Systems.Business Editors/High-Tech Writers BURLINGTON, Mass.--(BUSINESS WIRE)--Sept. 17, 2003 Actuality Systems, Inc., the world leader in spatial 3D visualization technology, announced that it has been awarded a $1.7 million grant from the National Institute of Standards and Technology National Institute of Standards and Technology, governmental agency within the U.S. Dept. of Commerce with the mission of "working with industry to develop and apply technology, measurements, and standards" in the national interest. (NIST (National Institute of Standards & Technology, Washington, DC, www.nist.gov) The standards-defining agency of the U.S. government, formerly the National Bureau of Standards. It is one of three agencies that fall under the Technology Administration (www.technology. ) for work to commercialize low-cost scalable 3D holographic See holographic storage. video. "The NIST grant allows us to extend our Perspecta technologies to create low-cost, mass market 3D holovideo systems," said Cameron Lewis Cameron Lewis was a fictional character on the popular daytime soap opera, General Hospital. He was portrayed by Lane Davies from 2002-2004. Family and Relationships Children
Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to (GUI (Graphical User Interface) A graphics-based user interface that incorporates movable windows, icons and a mouse. The ability to resize application windows and change style and size of fonts are the significant advantages of a GUI vs. a character-based interface. )". Actuality Systems is a privately funded company that develops, produces, and sells the Perspecta(TM) 3D System, an integrated hardware and software platform that renders full-color 3D images. The grant, which is part of NIST's Advanced Technology Program, was awarded to expand the company's work on low-cost holographic video for the production of high-resolution, full-color 3D images suitable for use in realtime medical applications, security applications, and mass- market entertainment. Commercial Development of 3D Holographic Video for Mass Market Applications "The NIST program appears to support technologies that have the potential for significantly expanding existing or creating entirely new markets. By using our Perspecta Technologies(TM) as the operating system for the 3D holovideo," Lewis said. "We significantly reduce development risk and time-to-market. Using a common software platform, all applications developed for Perspecta Spatial 3D display will run on the holovideo display." According to Lewis, Actuality's vision is to create consumer priced, scalable (envisioned to extend from very large amphitheater screens to small personal devices), full color, and real-time 3D holographic video. The broadcast image will appear in the air in full 3D and appear to be independent of hardware. Earlier this month, Actuality announced that it had closed out its initial Seed Round of funding as the company prepared to introduce the latest generation of Perspecta spatial 3D this fall. The company's initial funding through angel investors and venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] totaled more than $6.2 million over three years. About Actuality Systems Actuality Systems, Inc. develops, sells, and licenses the Perspecta(TM) 3D System for spatial visualization, simulation, and workgroup collaboration. Perspecta enables users to create high-resolution spatial 3D images that can be viewed from any angle around a 360-degree dome - without the use of special goggles goggles, n the protective eyewear worn by dental personnel and patients during dental procedures. goggles see periocular leukotrichia. . The company recently announced several new patents protecting the unique Perspecta 3D technology. For additional information about Actuality Systems, please call 781-229-7812 or visit http://www.actuality-systems.com. About the NIST Advanced Technology Program The ATP ATP: see adenosine triphosphate. ATP in full adenosine triphosphate Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. provides cost-shared funding to industry-led teams which can include non-profits and universities to help advance particularly challenging, high-risk R&D projects that have the potential to spark important, broad-based economic or social benefits for the United States. The program supports projects that industry cannot fully fund on its own because of significant technical risks. ATP awards are made on the basis of rigorous, competitive peer review of the scientific and technical merit of each proposal. The program accelerates enabling technology research, but does not support product development work. Further information about ATP is available at www.atp.nist.gov. |
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