Gensym Announces Immediate Availability of NeurOn-Line 4.3.Business Editors/High-Tech Writers BURLINGTON, Mass.--(BUSINESS WIRE)--June 10, 2004 New version enhances predictive power The predictive power of a scientific theory refers to its ability to generate testable predictions. Theories with strong predictive power are highly valued, because the predictions can often encourage the falsification of the theory. of NeurOn-Line's neural networks neural network or neural computing, computer architecture modeled upon the human brain's interconnected system of neurons. Neural networks imitate the brain's ability to sort out patterns and learn from trial and error, discerning and extracting to enable greater levels of manufacturing process performance Gensym Corporation (company) Gensym Corporation - A company that supplies software and services for intelligent operations management. Common applications include quality management, process optimisation, dynamic scheduling, network management, energy and environmental management, and process (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : GNSM), a leading provider of software and services for expert operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. , today announced the immediate availability of version 4.3 of its NeurOn-Line(R) software. NeurOn-Line is Gensym's G2(R)-based neural network product for applications that improve process performance through real-time predictions of product quality and process conditions. Version 4.3 introduces several next-generation product capabilities including those that enhance the predictive power of its neural-network models. (Gensym is transitioning to a next generation of its G2 and G2-based products during 2004). NeurOn-Line enables engineers to quickly create and deploy neural-network models of complex processes that typically cannot be modeled using analytical techniques An analytical technique is a method that is used to determine the concentration of a chemical compound or chemical element. There are a wide variety of techniques used for analysis, from simple weighing (gravimetric) to titrations (titrimetric)to very advanced techniques using . The models are built through a training procedure that uses historical process data. Through these models, operators and control systems continuously receive real-time predictions of product quality and process variables that would be impractical im·prac·ti·cal adj. 1. Unwise to implement or maintain in practice: Refloating the sunken ship proved impractical because of the great expense. 2. to measure directly. Such predictions support more effective control of the variability in processes and enable improved product quality, higher production yields, and increased throughput. "This release delivers next-generation functionality for NeurOn-Line's reasoning technology," said Philippe Printz, Gensym's vice president of engineering. "For instance, this version introduces a new recursive See recursion. recursive - recursion structure for predictive neural-network models. With a recursive structure, models can extend the time horizon and accuracy of their predictions by using previously output values for new predictions. This capability is especially well suited for situations in which relatively few input variables are available and the output variable behavior is dynamic. One area of application of this new capability is in the water utility industry, where NeurOn-Line is used to generate real-time forecasts of customer demands based on inputs such as weather. The recursive structure will enable more accurate predictions of demands over a longer period of time. We see similar opportunities in the gas pipeline and electric utility sectors. "Version 4.3 also introduces statistical tools for online monitoring and analysis of processes to help sustain the effectiveness of deployed neural-network models for improved manufacturing process performance. Users of the tools can, in real time, analyze the quality of a neural network model's output, assess the factors impacting that quality, and make any needed adjustments to the model to ensure its continuous effectiveness." In addition to modeling enhancements, version 4.3 further increases developer productivity with several next-generation capabilities, including: -- new automatic management of connections to process data points to reduce time and effort in integrating NeurOn-Line to online data sources; -- new simulation capabilities to speed up testing and validation of application configuration and logic; and -- new Microsoft Windows-based user interface features based on those introduced within G2 7.0 and 7.1, to enhance ease-of-use for developers. NeurOn-Line 4.3 also shortens the learning curve for new application developers with additional demonstration examples that illustrate how neural network, statistical process monitoring, and plant optimization functionality can be combined and implemented for manufacturing processes. About Gensym Corporation Gensym Corporation (www.gensym.com) is a provider of software products and services that enable organizations to automate aspects of their operations that have historically required the direct attention of human experts. Gensym's product and service offerings are all based on or relate to Gensym's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. G2, which can emulate em·u·late tr.v. em·u·lat·ed, em·u·lat·ing, em·u·lates 1. To strive to equal or excel, especially through imitation: an older pupil whose accomplishments and style I emulated. 2. the reasoning of human experts as they assess, diagnose, and respond to unusual operating situations or as they seek to optimize operations. A new generation of Gensym's G2 and G2-based products, fully compatible with the previous generation, has been in the process of release since late 2003, and is expected to be largely complete by the end of 2004. With G2, organizations in manufacturing, communications, transportation, aerospace, and government maximize the performance and availability of their operations. For example, Fortune 1000 manufacturers such as Alcan, ExxonMobil, DuPont, El Paso El Paso (ĕl pă`sō), city (1990 pop. 515,342), seat of El Paso co., extreme W Tex., on the Rio Grande opposite Juárez, Mex.; inc. 1873. , Eli Lilly Eli Lilly can refer to:
Gensym, G2, and NeurOn-Line are registered trademarks of Gensym Corporation. All other trademarks are property of their respective owners. This news release contains 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 that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, delays in the release of Gensym's next generation of G2 and G2-based products, as well as other risks detailed in Gensym's periodic reports and registration statements filed with the Securities and Exchange Commission. Although Gensym believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Gensym Corporation disclaims any intent or obligation to update any forward-looking statement. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion