Radical Technology Plc, a Subsidiary of HTTP Technology, Inc., Announces Joint Venture To Develop K.V.M. With World-Leading French Research Laboratory.Business Editors/Hi-Tech Writers LONDON--(BUSINESS WIRE)--Dec. 4, 2000 HTTP HTTP in full HyperText Transfer Protocol Standard application-level protocol used for exchanging files on the World Wide Web. HTTP runs on top of the TCP/IP protocol. Technology, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : HTTP), today announced that its subsidiary, Radical Technology Plc ("Radical"), has partnered with Paris-based international consulting engineers Kappa ICE and the world-renowned French research laboratory, Institut National de Recerche en Informatique et en Automatique (I.N.R.I.A.) for the development of the unique matrix-based coding mechanism, Knowledge Valorisation The valorization of capital is a concept created by Karl Marx in his critique of political economy. The German original term is "Verwertung" (specifically Kapitalverwertung Matrix (KVM (K Virtual Machine) A version of the Java Virtual Machine for small devices with limited memory. See J2ME. See also KVM switch. KVM - Keyboard Video Mouse ). The completed system will be jointly owned and marketed by the three partners. KVM is a highly innovative application that will enable a company to analyze its assets (people, skills, facilities, etc.) to ensure that they are managed and utilized as efficiently as possible. The system will use a matrix-based coding mechanism which will enable it to support even the most complex organizations. KVM is the management of knowledge assets for enhanced decision-making. It is entirely different from existing tools as it allows the analysis of data which is mapped in a totally new way. Existing mapping tools are based on linguistics or statistics, whereas KVM is based on the knowledge portfolio. It is a structured matrix of information that provides a powerful enterprise-wide knowledge base. An independent study by The Gartner Group (company) Gartner Group - One of the biggest IT industry research firms. Address: Connecticut, USA. projects staggering growth in the use of knowledge management tools and techniques over the next few years. Forecasts suggest that over 50% of the top 2000 world companies will be actively engaged in a knowledge management program by the year 2001. An International Data Corporation (IDC) study shows that current spending on knowledge management exceeds $2 billion annually and will rise to $12 billion in 2003. The study also suggests that there will be a savings of $12 billion realized by the "Fortune 500" companies as a result of better administration of their knowledge. The project has recently been awarded funding from the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community via EUREKA, a European network for industrial research and development opportunities, consisting of research institutes from 29 European countries. James Whale, a senior executive at Radical, commented, "We are delighted to be working on this project with our French partners, who are world leaders For a list of heads of state, see . World leaders is a MMORPG. The game involves creating a state, joining an alliance and going into war. It is mostly played by players from Israel, China, USA, Britain, Brazil and Saudi-Arabia. in their respective fields. Many companies are working on knowledge management systems, currently the biggest growth area in Information Technology. KVM., however, takes knowledge management a step further than currently available systems such as 'Autonomy.' KVM is next generation, and is designed to enable companies to significantly increase their productivity and profits. We anticipate a very substantial revenue from license sales; and there will also be the opportunity for related consulting work for each of the K.V.M. partners." HTTP Technology, Inc., a U.S. company with headquarters in London, develops software systems based on a proprietary Data Classification Engine. Its subsidiary, Radical Technology Plc, develops general-purpose systems and is a bespoke software developer for a number of international companies. "Forward-looking" statements made in this press release are made pursuant to the 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. provisions of 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. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in Company filings with the Securities and Exchange Commission. URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : www.http-tech.com |
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