PsiNaptic Inc. and Novatium Solutions PvT Ltd announces the signing of a software integration and license agreement



    NEX: PST.H

    CALGARY and CHENNAI, INDIA, Aug. 20 /CNW/ - PsiNaptic Inc. (NEX: PST.H)
the first company to implement standalone Jini(TM) Network Technology for
embedded processors, and Novatium Solutions PvT Ltd the leading provider of
sub $100 computers for Thin Client networking systems in India announced today
that they have signed a definitive Software Integration and License Agreement.
    Under the terms of the agreement, PsiNaptic will licence its award
winning JMatos(TM) and JCopia Jini Networking Technology for embedded
computing devices and Java(TM) software to run on all of Novatium's Nova NetPC
and Servers. In addition PsiNaptic will exclusively provide Novatium with Java
applications which will be made available to Novatium's customers on its
network. Novatium and PsiNaptic will share in the revenue that Novatium will
collect from customers using these applications.
    Novatium has partnered with some of India's largest telecommunications
companies to provide internet connectivity and computer applications to every
home in India, and is in the midst of national deployment in India as well as
in Thailand and Mauritius.
    Novatium is the pioneer in utility computing service domain, offering a
wide variety of applications, utilities and content over local and remote
desktop via telecom-network like ADSL and metro Ethernet. Novatium's computing
servers are placed behind the Telecom and Internet service provider's network
backbone and directly extend the connection from ISP's NOC (Network Operation
Center) to subscribers home. At home, a subscriber uses the Nova netPC as an
enabler and intelligent access device to enjoy local and remote desktops and
applications.
    "We are delighted to partner with Novatium" says Aaron Dagan PsiNaptic's
President and CEO. "Novatium represents the future of affordable computing
systems and of making the dream of computers for every home a reality.
Novatium's selection of  PsiNaptic's networking software is further testament
to the strengths and advantages that PsiNaptic software is providing to our
partners and the market."
    "We are proud to have PsiNaptic as a valued partner in our utility
computing service ecosystem" says Mr. Alok Singh, Novatium's CEO. "We believe
that PsiNaptic will help us to enhance our subscriber experience through their
technology and content."

    About PsiNaptic Inc.

    PsiNaptic is a technology company that develops and markets software
based on open standards, to connect small, low-power wired or wireless devices
without human intervention, configuration or set up.
    PsiNaptic software uses the Java concept of "write once, run anywhere"
and code mobility to deliver application code to devices when and where the
code is required. This approach to device interaction eliminates the need for
both devices to have pre-installed application specific software, drivers or
graphical user interfaces. Resource constrained devices, such as mobile
phones, music or game players, appliances etc. can execute an infinite number
of applications.
    PsiNaptic solutions operate on multiple platforms, across various
networks including Bluetooth and WiFi.

    About Novatium:

    Novatium Solutions Pvt. Ltd, is a utility computing service provider
pioneer in delivering computing service for home users. Novatium has developed
the complete computing ecosystem with all major players, innovated required
technologies and networked with dominant players in the region for delivery
simplified computing.

    Statements in this release which describe the Corporation's intentions,
expectations or predictions, or which relate to matters that are not
historical facts are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties which may cause
the actual results, performances or achievements of the Corporation to be
materially different from any future results, performances or achievements
expressed in or implied by such forward-looking statements.  The Corporation
may update or revise any forward-looking statements, whether as a result of
new information, future events or changing market and business conditions.

    
    The NEX Exchange has not reviewed and does not accept responsibility for
    the adequacy and accuracy of this release.
    




For further information:

For further information: PsiNaptic Inc., Aaron Dagan, (403) 775-2236,
E-mail: adagan@psinaptic.com, Website: www.psinaptic.com

Organization Profile

PSINAPTIC INC.

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NOVATIUM SOLUTIONS PVT LTD

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