MathSoft Inc. Data Analysis Products Division Wins Two-Year $850,000 Fast Track Grant From the National Institute of Health.Business/High-Tech Editors SEATTLE--(BUSINESS WIRE)--May 23, 2000 MathSoft, Inc. (Nasdaq:MATH), provider of the broadest line of technical calculation and analytical software Analytical software is software that is designed specifically for and development of a particular environment or object. for business and academia, today announced that its Data Analysis Products Division has been awarded a "Fast Track" Small Business Initiative (SBIR SBIR Small Business Innovation Research (program/grant) SBIR Space Based Infra-Red SBIR Speaker-Boundary Interference SBIR Site Backsurface-referenced Ideal Plane/Range (silicon wafers) ) grant on Bayesian Modeling and Data Analysis by the National Institute of Health. Fast track grants are awarded to companies to accelerate rapid technology development, based in part on the company's established ability to commercialize products. The technology will have a significant impact for data modeling and analysis in the pharmaceutical, biotechnology, finance, and manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation . Specifically, multi-center clinical trials and other national multi-location studies will benefit from this new approach. Further, quantitative researchers working with historical data will be able to analyze and discover important trends in their data. "MathSoft was selected for the 'Fast Track' grant because we have a specialized team of researchers who can develop next-generation technology rapidly. Our world-class research organization develops and delivers technology solutions for commercialization in industries ranging from e-business to data mining," says Shawn Javid, senior vice president and general manager, MathSoft, Inc. "We believe that the NIH "Not invented here." See digispeak. NIH - The United States National Institutes of Health. recognized the importance of our technology by awarding a 'Fast Track' grant to bring the technology to market sooner." MathSoft reports research funding Research funding is a term generally covering any funding for scientific research, in the areas of both "hard" science and technology and social science. The term often connotes funding obtained through a competitive process, in which potential research projects are evaluated and as a reduction of research and development expenses in its 10Q and 10K filings with the SEC. About MathSoft's Research Group MathSoft's research group currently comprises thirty-five professional researchers with expertise in statistics, biostatistics, applied math, engineering, computer science and geophysics. Contracted research includes statistics, biostatistics, image and signal processing See DSP. time series analysis and information retrieval information retrieval Recovery of information, especially in a database stored in a computer. Two main approaches are matching words in the query against the database index (keyword searching) and traversing the database using hypertext or hypermedia links. . Research division clients include NIH, NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. , NSF NSF - National Science Foundation , DOD (1) (Dial On Demand) A feature that allows a device to automatically dial a telephone number. For example, an ISDN router with dial on demand will automatically dial up the ISP when it senses IP traffic destined for the Internet. , and other government divisions. About MathSoft, Inc. Founded in 1984, MathSoft is the provider of the broadest line of technical calculation and analytical software for business and academia. With MathSoft's products, users can deploy technical calculations and exploratory data analyses across their entire organizations. The company has more than 1.3 million users of its Mathcad(R), StudyWorks(R), S-PLUS(R), MathSoft StatServer(R) and Axum(R) software worldwide. Users include technical professionals worldwide at more than 90% of the Fortune 1,000 companies and over 500 government installations, and students and faculty at over 2,000 colleges and universities. FreeScholarships.com, Inc., www.freescholarships.com, a subsidiary of MathSoft, Inc., helps families and students meet the rising costs of education by giving away money for school in daily online drawings and auctions. Founded in 1999, the site provides information on schools, funding, and careers, while serving as an entertainment, shopping, and community center for visitors of all ages. S-PLUS product information can be obtained via MathSoft's Web site located at http://www.splus.mathsoft.com, by phone at 1-800/569-0123, by fax at 206/283-8691 or via mail at 1700 Westlake Avenue North, Suite 500, Seattle, Wash. 98109. MathSoft's corporate headquarters can be reached by phone at 1-800/628-4223, by fax at 617/577-8829 or via mail at 101 Main Street, Cambridge, Mass. 02142. Axum, Mathcad, StudyWorks, S-PLUS and StatServer are registered trademarks and the MathSoft logo is a trademark of MathSoft, Inc. Other product and service names mentioned are the property of their respective owners. |
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