NESTOR EXPANDS DARPA Ni1000 CHIP CAPACITY
NESTOR EXPANDS DARPA Ni1000 CHIP CAPACITY PROVIDENCE, R.I., April 27 /PRNewswire/ -- Nestor, Inc.
(NASDAQ: NEST) today announced that the company's contract with the Defense Advanced Research Projects Agency ("DARPA") to develop the neural network chip in conjunction with Intel Corporation (NASDAQ: INTC) has been extended until March, 1993.
David Fox, president and chief executive officer of Nestor stated, "As the DARPA project was developing over the past two years, we realized that with modifications to our original design, the chip could have greatly enhanced capabilities. This contract extension, which will be funded by DARPA with newly appropriated funds, will enable Nestor and Intel to further the development and expansion of the Ni1000's scope. "Enhancement to the Ni1000 will include improved data representation, greatly expanded on-chip memory, faster updating, easier integration with a wide range of microprocessors, and extended applicability to statistical problems. We expect that these improvements will expand the market potential for Ni1000." All Nestor products are based on the company's proprietary neural-network technology which operates as adaptive information- processing systems that "learn" from experience. All products can be taught to recognize complex configurations of data, and to interpret input patterns. -0- 4/27/92 /CONTACT: David Fox of Nestor, 401-331-9640, or Burton Arkin of Arkin Associates Ltd, 212-599-2369, for Nestor/ (NEST INTC) CO: Nestor Inc.; Intel Corporation ST: Rhode Island IN: CPR SU:
TQ -- NY061 -- 3103 04/27/92 11:38 EDT
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|Date:||Apr 27, 1992|
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