U.S. Government Awards Paracel Inc. a Multimillion-Dollar Contract for Advanced Text-Searching Products.PASADENA, Calif.--(BUSINESS WIRE)--July 14, 1997--Hardware and Software Products Based on Paracel's FDF FDF Forms Data Format (Adobe Acrobat) FDF Food and Drink Federation (UK) FDF Fundamentally Different Factor(s) FDF Finnish Defence Forces FDF Flight Dynamics Facility Technology Will Be Delivered Over the Next 12 Months Paracel Inc., a private company, Monday announced a contract worth several million dollars from the U.S. government to deliver Fast Data Finders (FDF) and associated software for high-volume text filtering and dissemination dissemination Medtalk The spread of a pernicious process–eg, CA, acute infection Oncology Metastasis, see there . The products ordered will be delivered over the next 12 months. ``This contract represents significant growth in the demand for Paracel's data-filtering products,'' said Kwang-I Yu, chief executive officer of Paracel. ``The government's need to filter and sort high volumes of diverse, multilingual mul·ti·lin·gual adj. 1. Of, including, or expressed in several languages: a multilingual dictionary. 2. text data is rapidly becoming a requirement for the Internet and corporate intranet markets.'' Yu added: ``We regard this award as a confirmation of Paracel's unique ability to meet the most demanding text-filtering and dissemination requirements in the world.'' The Fast Data Finder is a patented computational device that analyzes massive quantities of text and other data types. FDF technology, allowing a user to execute complex topic-oriented searches on large text databases, offers a significant price/ performance advantage to Internet/intranet developers for text- filtering and dissemination applications. FDF products are the backbone of commercial on-line information services See Information Systems. such as NewsCast newscast Radio or television broadcast of news events. News gathering and broadcasting by the radio networks began in the mid-1930s and increased significantly during World War II. The television newscast began in 1948 with 15-minute programs that resembled movie newsreels. Today from WavePhore Inc. and ZD Net Personal News from Ziff-Davis Inc. Paracel, founded in 1992, develops and markets high-performance text and genomic data-analysis systems for the pharmaceutical, biotechnology, information-systems and government markets. Additional information on Paracel is available via the Internet at www.paracel.com . Paracel is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with headquarters located in Pasadena. -0- NOTE TO EDITORS: Fast Data Finder and FDF are registered trademarks of TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc Inc. licensed exclusively to Paracel Inc. CONTACT: Paracel Inc., Pasadena Forrest Fleming, 818/666-6684 fleming@paracel.com |
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