Objectivity Reports Record Cash and Investment Balances; Increased Commercial Application Deployments and Growing Adoption in the Security and Intelligence Markets Credited.SUNNYVALE, Calif. -- Building upon the growing success for its real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. management solutions for complex inter-related data, Objectivity, Inc. today announced results for the quarter ended December 31, 2005. Cash, cash equivalents and short term investments reached record levels with balances increasing 7% over the previous quarter ended September 30, 2005, and increasing 21% over the 12-month period ended December 31, 2004. In addition, Objectivity continued to build its financial strength with working capital (current assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. less current liabilities Current Liabilities Usually appearing on a company's balance sheet, it represents the amount owed for interest, accounts payable, short-term loans, expenses incurred but unpaid, and other debts due within one year. ) increasing by 18% over the same 12-month period. "We are continuing to outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. our plan for fiscal year 2006 which has enhanced our financial position," said Jay Jarrell, president and 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. of Objectivity. Supporting Today's Complex Data Management Challenges Objectivity's success is attributed to customer deployments of commercial applications along with the growing adoption in the government's security and intelligence market. The Objectivity/DB platform enables Objectivity's customers and their end-users to collect and process ever-increasing quantities of data from a growing number of sources to understand complicated inter-relationships and recognize patterns. This ability to transform small clues into major breakthroughs has significantly improved applications used in process control, medical and telecommunications equipment, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and the government sector. Objectivity/DB provides a reliable, scalable repository for the wide range of complex data types found in today's advanced real-time data fusion applications. The Objectivity/DB platform is highly optimized for performance and throughput in systems that handle highly interconnected data. Government Market Success The company attributes much of its continuing success to the expanding adoption of the Objectivity/DB platform in the government's security and intelligence markets. Many of Objectivity's government customers are performing data fusion Data fusion, is generally defined as the use of techniques that combine data from multiple sources and gather that information in order to achieve inferences, which will be more efficient than if they were achieved by means of a single source. from geospatial and sensor data. Others are storing and correlating vast amounts of disparate information such as text, images, video and voice for investigation or security and intelligence applications. Additional government agencies where Objectivity has experienced significant success include the Department of Defense (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 the Department of Energy (DOE), which generated the world's largest database storing 895 Terabytes of information in Objectivity/DB. "We find there is an ever-growing need for the real-time management of complex inter-related data within our targeted government and commercial markets. This need has resulted in the rapid market adoption of the Objectivity/DB data management platform. We continue to aggressively build our resource structure to better serve these markets with the addition of our new U.K. office last quarter serving allying government agencies and commercial customers in the U.K. and Europe," adds Jarrell. About Objectivity, Inc. Objectivity, Inc. is a global technology leader in data management products and services for software applications with the most demanding data management challenges. The company'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. , Objectivity/DB, is the leading object oriented See object technology and object-oriented programming. data management (OODB (Object-Oriented DataBase) See object database. OODB - object-oriented database ) platform for the real-time management of complex inter-related data. Objectivity/DB is recognized for its ability to store and manage very large volumes of complex data for event and relationship processing within mission-critical applications. These applications are developed by ISVs, OEMs and end-users in process control, medical and telecommunications equipment, government and financial services. Objectivity/DB enables organizations to monitor, analyze and respond by identifying inter-relationships or anomalies providing real-time intelligence for predictive analysis and decision support. Objectivity, Inc. is headquartered in Sunnyvale, Calif., USA. Please contact the company by sending e-mail to info@objectivity.com, visiting www.objectivity.com or calling 408-992-7100. Objectivity/DB is available on a 30-day free trial basis at www.objectivitydownload.com. Note to Editors: Objectivity/DB is a trademark of Objectivity, Inc. All other company, organization, product or alliance names mentioned herein remain the property of their respective owners. |
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