Convera Positioned to Launch Web Service; Company's Index Exceeds 4 Billion Page Mark; Second Data Center Operational.VIENNA, Va. -- Convera Corporation Convera was formed in December 2000 by the merger of Intel's Interactive Services division and Excalibur Technologies Corporation. Until 2007, Convera's primary focus was the enterprise search market through its flagship product, RetrievalWare, which is widely used within the secure (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CNVR CNVR Conveyor ), a leading provider of search technologies to commercial enterprises and government agencies, today announced that its Excalibur(TM) Web search technology is set to launch as the index now contains more than 4 billion pages. In addition to reaching 4 billion pages of textual tex·tu·al adj. Of, relating to, or conforming to a text. tex tu·al·ly adv. Web content, the Excalibur(TM) technology also comprises approximately 500 million images, 20 million audio components and 5 million videos. The Company also disclosed that it has completed the build-out of its second data center located in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . This site, in conjunction with the Company's San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. data center now affords prospective customers a fully redundant hosting environment See hosted environment. . With the attainment of these operational and technology milestones, Convera is positioned to begin accepting customers for Excalibur(TM), presently a private label search offering. "We believe we have created a unique search engine," said Patrick C. Condo, Convera President and Chief Executive Officer. "Research shows end-users tend to only look at the first page of search results. What makes the Excalibur(TM) offering different is that our search technology reaches down into the unread pages and by using what we call 'facets', essentially retrieves and categorizes information that readers would have otherwise missed. Our goal is simple - to provide end-users with relevant and useful answers, not just a list of popular results," Condo concluded. The Excalibur(TM) Web search technology, while a newly developed search platform, leverages Convera's experience over the past 15 years in creating "deep search" products for law enforcement, national security and intelligence agencies. About Convera Convera is a leading provider of search technologies to commercial enterprises and government agencies. Through its two offerings, Excalibur(TM), a newly developed Web search solution and RetrievalWare(R), its "flagship" enterprise search product, Convera offers unique search technology capable of providing an integrated results page derived from both intranet and Internet content. Convera's technologies strive to manage vast stores of structured and unstructured information that exist within internal repositories and on the Web by providing highly scalable, fast, accurate and secure search capabilities across text, video, image and audio information, in multiple languages. More than 900 customers in 40 countries rely on Convera search solutions to power a broad range of mission-critical applications. For more information, contact Convera at 800-788-7758, via e-mail at info@convera.com or on the Web at www.convera.com This release, including any statements from Convera personnel, contains statements about Convera's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; the ability to continue funding operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. ; fluctuations in operating results including impacts from reduced corporate IT spending and lengthier sales cycles; continued success in technological advances and development including the Web indexing Web indexing (or "Internet indexing") includes back-of-book-style indexes to individual websites or an intranet, and the creation of keyword metadata to provide a more useful vocabulary for Internet or onsite search engines. initiative; possible disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's reports to the Securities and Exchange Commission. Actual results may differ materially from our expectations as the result of these and other important factors relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Convera's business and product development efforts, which are further described in Convera's filings with the SEC. These filings can be obtained from the SEC's website located at www.sec.gov. Any forward-looking statements are based on information available to Convera on the date of this release, and Convera assumes no obligation to update such statements. The Convera design logo and the following are worldwide trademarks of Convera: Convera(TM), RetrievalWare(R), Excalibur(TM) and Screening Room(R). The names of actual companies and products mentioned herein, if any, may be the trademarks of their respective owners. |
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