TORONTO, Sept. 28, 2012 /CNW/ - Sprylogics International (TSXV: SPY), ("Sprylogics" or "the Company") is pleased to provide an update on recent corporate activities:
The Company has focused heavily in Research and Development over the
past year related to the core semantic "Answer Engine" technology as
well as the Liquid Messaging Mobile Application and SDK. As the
products approach market readiness, the Company has begun showcasing
the products to both sophisticated industry insiders, as well as casual
users. We are extremely encouraged with the reception.
In August, The Company initiated a closed "Friends and Family" release
of the IOS version of the Facebook enabled Liquid Messaging
Application. The reaction to the product has been highly positive and
as a result the Company has now expanded the trial to a broader
audience. We plan to release both the IOS and Android versions of the
product in the respective application stores and through distribution
partners during the fall of this year. This final release version is
anticipated to include the Company's proprietary "Answer Engine"
technology in addition to our existing search and content partners.
Business development activities related to the distribution of the
Liquid Messaging technology within other messaging products is also
progressing on multiple fronts. The Company is in talks with several
messaging companies representing a combined user base of over 100
Million users. The Company will provide updates on these opportunities
as they materialize.
The migration of the core Cluuz semantic technology to mobile was
another key R&D activity this year. The Company has recently initiated
business development discussions with a number of internet, mobile
search and content providers that have recognized the importance of
providing concise and accurate answers, as opposed to a set of links in
a mobile environment. The value proposition to these potential partners
has been that the technology is differentiated in its ability to
accurately and reliably answer questions across a wide range of
verticals in real time even when a single authoritative answer is not
available from other sources.
Earlier this week the Company initiated a closed Beta preview of its
Answer Engine and will be opening up the trial to a wider audience
shortly. The intent of the trial is to provide additional training for
the engine through exposure to a diversified set of questions through
machine learning techniques. Interested parties can apply to
participate in the Beta by sending an email to email@example.com.
Sprylogics International develops advanced search and analysis
technology. The patent pending technology platform uses Semantic and
Machine Learning techniques to process, analyze and interpret
unstructured data including real time conversation, in order to extract
key sentiments, facts, user interests and intent. The technology
platform is currently being used to develop innovative solutions
related to search and discovery of products and places on mobile
devices. Find out more at www.sprylogics.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-looking Statements - Statements contained in this news release which are not historical facts
are forward-looking statements that involve risk, uncertainties and
other factors that could cause actual results to differ materially from
those expressed or implied by such forward-looking statements. There
can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. All forward-looking statements
included in this news release are based on information available to the
Company on the date hereof. The Company assumes no obligation to
update any forward-looking statements, except as required by applicable
SOURCE: Sprylogics International Corp.
For further information:
Sprylogics International Corp.
David Berman, CFO, 905-761-9200 Ext.21 or firstname.lastname@example.org