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PrismTech Records Strong 3Qtr Performance

PrismTech

BOSTON, Mass., March 5, 2007--PrismTech™, an acknowledged leader in the provision of state-of-the-art software platforms and tools, announced that it secured more than 70 contract ‘wins' during 3Qtr (Oct.-Dec.) of its Fiscal Year 2006. This marks a 20 percent increase from the previous quarter and continues the company's record-setting pace to exceed its annual performance goals.

PrismTech's contract highlights for 3Qtr FY 06 included:

--An agreement by which SELEX Communications, a Finmeccanica company, will use PrismTech's Spectra Tools for the development and deployment of its SDR product line;

--An agreement by which Raytheon will use PrismTech's OpenFusion RTOrb Java™ Edition CORBA middleware in support of the U.S. Navy's DDG 1000 Zumwalt Class Destroyer program;

--An agreement by which ETRI, Korea's Leading R&D Institute, will use PrismTech's OpenFusion e*ORB™ SDR C++ Edition middleware solution for work related to commercial SDR applications;

--Submission of a US Patent Application for PrismTech's Field Programmable Gate Array (FPGA) Integrated Circuit ORB (ICO) middleware technology—a technology that represents a breakthrough in standards-based inter-operability and portability for embedded systems; and,

--The appointment of world-renowned distributed computing expert Dr. Douglas C. Schmidt as PrismTech's CTO.

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Source: PrismTech