Paradigm Demonstrates Even More e-Geoscience Applications at EAGE, Glasgow.Business & High Tech Editors Glasgow 2000 62nd EAGE EAGE European Association of Geoscientists & Engineers EAGE European Association for Gastroenterology and Endoscopy EAGE Electronic Aerospace Ground Equipment Conference & Technical Exhibition GLASGOW, Scotland--(BUSINESS WIRE)--May 29, 2000 "Next Generation Geoscience ge·o·sci·ence n. Any one of the sciences, such as geology or geochemistry, that deals with the earth. ge Productivity Solutions Available Today" showcased at Paradigm Stand No. 4039, Hall 4 Paradigm Geophysical Ltd. (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 :PGEO) today demonstrated its new web-enabled e-Geoscience(TM) web-based applications at the European Association of Geoscientists and Engineers (EAGE) conference & technical exhibition in Glasgow, which continues until June 1. These new web-enabled applications provide remote collaboration of high performance global teams across organisational boundaries on critical projects using the best of breed technology, accessing and analysing all datasets. Mark Walker, Managing Director of Paradigm's Europe, Africa & Middle East Operations, said: "This is a crucial step forward for this industry as we can now prepare and run high-end geoscience applications from anywhere with Internet access See how to access the Internet. . Plug and play applets enable collaborative and dynamic asset teams to access unlimited data volumes through the simplest of web tools. It has become essential that asset teams situated around the world share knowledge and reconfigure dynamically in response to changes in the environment." The four web-enabled products demonstrated are: - In GeoLog(TM) (the world's leading well data management, analysis, modeling, and petrophysical solution), the Well Data Server web interface provides remote access for trans-Atlantic projects with third party "legacy" databases. This enables the end-user to access and analyse different types of well log data from a laptop. This permits the users to have access to their valuable corporate data whilst in a remote location, for example the rig site, using ordinary telecommunications facilities. - GeoLog - ASP: Paradigm, along with Ilex Technologies, has web-enabled data loading into its GeoLog product. This technology enables remote hosting of raw data that can be web-accessed and analysed by GeoLog, which itself can be locally loaded software or remotely hosted and accessed through a web browser. - Focus(R) -- for time domain seismic data processing, the new web interface allows remote job building, submission and queuing for processing and inversion. - GeoDepth POWER(TM) (for structural inversion and depth imaging) - the web-enablement permits remote and collaborative model building for geological model verification and quality control. Paradigm is also demonstrating its "Next Generation Geoscience Productivity Solutions" that implement: - A shared earth model for geophysics, geology, and reservoir studies - Seamless application embedding 1. (mathematics) embedding - One instance of some mathematical object contained with in another instance, e.g. a group which is a subgroup. 2. (theory) embedding - (domain theory) A complete partial order F in [X -> Y] is an embedding if around a shared earth model - Multi-disciplinary state-of-the-art applications and solutions Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statement: This news release may contain certain 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. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's expectations for its future performance. Such statements are subject to certain factors which may cause the Company's plans to differ or results to vary from those expected including the risks associated with the future capital expenditures by oil and gas companies, international oil prices, the impact of competitive products and pricing, increased investment to support product introductions, market acceptance of products, product transitions by the Company and its competitors, currency fluctuations, changes in product sales mix sales mix See product mix. , and a variety of risks described in the Company's 20-F filing with the U.S. Securities and Exchange Commission on June 30, 1999. Paradigm undertakes no obligation to publicize pub·li·cize tr.v. pub·li·cized, pub·li·ciz·ing, pub·li·ciz·es To give publicity to. publicize or -cise Verb [-cizing, -cized] or release results of any of these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results. About Paradigm Paradigm Geophysical Ltd. provides geoscience software and service solutions to the oil and gas industry. The Company has sales, customer support and service offices in Houston, London, Aberdeen, Bahrain, Calgary, Moscow, Caracas, Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. , Rio de Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r , Perth, Brisbane,
Beijing, Jakarta and Singapore."Paradigm Geophysical(R)" and "Focus(R)" are the registered trademarks, and e-Geoscience(TM), GeoLog(TM) and "GeoDepth POWER(TM)" are trademarks of Paradigm Geophysical Ltd. Recent press announcements are available on Paradigm's web site: www.paradigmgeo.com. |
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