LOS ANGELES, BERLIN and HONG KONG, June 8, 2010 (GLOBE NEWSWIRE) -- Artificial Life, Inc. (OTCBB:ALIF) (http://www.artificial-life.com), a leading provider of award-winning mobile broadband technology and applications, announced today the establishment of a new subsidiary to develop more mobile business applications and sustainability products and to venture into the booming green IT business.
The new business entity, named Green Cortex, Inc., a BVI company based in Hong Kong, will combine mobile broadband technology, augmented reality and artificial intelligence technology to target a range of green IT markets globally with a mission to minimize global carbon footprints and energy consumption. The unique approach of the Company is to combine leading edge green IT technology with artificial intelligence.
The new website of Green Cortex, Inc. with further information about the Company and its products is available at: www.green-cortex.com
The planned products of Green Cortex are categorized into four product lines and complexity/ intelligence levels (cortexes):
- The Community Cortex targets the general mobile and Internet markets and offers a range of green web and smart phone apps that build up a community platform for sharing educational and environmental information and user generated content.
The Company also intends to launch a viral online market place (based on Artificial Life's OPUS M m-commerce platform) for matching clean product customers with business providers to transact various clean products and green energy credits.
As a first, free product, the Company has now already re-launched its environmental education site ECOCHAMP (www.ecochamp.com), an interactive e-learning web site that allows users to learn about the building of renewable energy sources on a virtual island.
- The AR Cortex focuses on Augmented Reality (AR) technology, the merging of the virtual world with physical reality to facilitate the sharing of information in a better and more interactive manner. The technology can be combined with smart readers and remote mobile control systems to support the development of applications for building management.
- The Optimizer Cortex represents the highest level of intelligence and focuses on customized optimization systems based on the principles of genetic algorithms -- the underlying technology used to concurrently optimize many critical parameter values during a production or transmission process. Optimization solutions can be applied to areas such as energy grid set-up and optimization, power transmission, traffic flows and logistics, etc.
- The Safety Cortex also represents the highest intelligence level and intends to encompass a series of intelligent monitoring and alert functions based on fundamental technologies derived from human brain research and neuro science. The product features self optimization, self organization and self healing functions to detect and prevent fatal environmental hazards and can be adapted and applied to large scale industrial plants involving complex pipe systems, chemical devices, power circuits, vessels, etc.
"Historically, Artificial Life and its predecessor company were very active and successful in applying their core know how from the fascinating fields of artificial intelligence research, neural network research, the artificial life sciences and bionics to solve various complex industrial problems. As part of our stronger focus on business applications in 2010 and the coming years we now are planning to extend and improve the same powerful and unique core proprietary technologies and combine them with our recent advancements in our mobile and augmented reality technologies to solve complex environmental, sustainability and green IT problems. This is an exciting prospect for us," said Eberhard Schoneburg, CEO of Artificial Life, Inc.
For more information about Artificial Life, Inc., please visit our website www.artificial-life.com or our product websites: www.botme.com, www.mopa-tv.com and www.opus-m.com and www.green-cortex.com.
About Artificial Life, Inc.
Artificial Life, Inc. has been a pioneer in artificial intelligence and mobile technology since its inception in Boston in 1994. We are a public US corporation (OTCBB:ALIF) with secondary listings on the Frankfurt Stock Exchange (Frankfurt:AIF) (XETRA:AIF) and headquarters in Los Angeles. Our production center is in Hong Kong and we have additional offices in Berlin, Germany (EMEA headquarters) and Tokyo, Japan. As a leading provider of broadband mobile content and technology solutions in the world, we develop and sell a wide range of mobile applications for 3G, 3.5G and 4G network-enabled mobile (smart) phones. Currently, our main business areas are: high quality 3D interactive (massive multiplayer) mobile games, mobile participation television, mobile business applications, our powerful mobile commerce technology platform OPUS-M and our green IT solutions provided by Green Cortex, Inc. We have won many industry awards for our outstanding technology and have been ranked one of the fastest growing companies in Asia Pacific by Deloitte.
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Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding our future results of operations, financial condition and business prospects. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue" or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to, our ability to obtain additional funding to operate and grow our business; the unproven potential of our mobile gaming business model; changing consumer preferences and uncertainty of market acceptance of our products; timely adoption and availability of 3G mobile technology; market acceptance for use of mobile handheld devices to play the interactive games; unpredictable mobile game development schedules; our reliance on a relatively small number of brands; our ability to license brands from others; our dependence upon resellers and telecommunication carriers and operators to distribute our products; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our Annual Report on Form 10-KSB filed on March 16, 2010. We assume no obligation to update any forward-looking statements, which apply only as of the date of this press release.