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 firstname.lastname@example.org.
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 securities laws.
SOURCE: Sprylogics International Corp.
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Sprylogics International Corp.
David Berman, CFO, 905-761-9200 Ext.21 or email@example.com