Completion of Key Milestone on Multi-parallax Exploitation ("MPEX") Electronic Eye Program with Boeing Phantom Works
LONDON, January 4, 2007 - ViaLogy PLC (LSE: VIY), a leading innovator of real-time network-centric signal processing platforms for sensor-intensive applications, announced today that it has successfully completed the Critical Design Review ("CDR") Milestone on the Multi-parallax Exploitation ("MPEX") Electronic Eye™ Program with Boeing Phantom Works ("Boeing") in Huntington Beach, CA, USA.
The Electronic Eye™ program was initiated in direct response to emerging precision detection requirements in next-generation missile detection and defense systems (seekers) and panoramic airspace surveillance platforms. Under the joint program with Boeing, ViaLogy's core signal processing technology - Quantum Resonance Interferometry ("QRI") - is providing the basic engine for powering the silicon electronic-eye based on vision constructs found in insects and reptiles. Vialogy has a patent pending on the MPEX Electronic Eye™ and its applications.
Currently, most advanced vision systems are limited to only stereo vision with a single parallax based on the co-registration of frames from two eyes, allowing only a scan of the horizon.. In contrast, MPEX Electronic Eye™ is exploiting multiple parallaxes to achieve panoramic or 360-degree viewing capability and three dimensional perception using multiple, overlapping fields-of-view. This construction dramatically increases the probability of target detection and localization.
Dr. Edward McCullough, Principal Scientist in advanced aero analysis at Boeing Phantom Works, commented: "I am very excited by ViaLogy's rapid progress and novel approach on the MPEX Electronic Eye™. Researchers have been studying the computational architectures, functions, mechanisms, and principles of visual perception underlying biological systems for over three decades to find ways to implement them. We have specific near-term and long-term interests in this technology to support our defense, homeland security and space program needs."
ViaLogy's Chief Technology Officer, Dr. Sandeep Gulati said: "We are building upon seminal work conducted by Dr. McCullough and his team in the area of biomimetic-based advanced autonomy for future planetary rovers and space operations. Our core technology provides a near-term opportunity for overcoming some of the fundamental information processing and system engineering challenges in implementing multi-parallax construction to address practical omni-directional surveillance applications. MPEX has been developed as a platform technology in its own right and we are now making good progress in adapting it for specific applications."
ViaLogy's initial MPEX Electronic Eye™ applications are geared to detection of very fast moving targets such as in missile interceptors, deployment on fast moving ground vehicles and airborne platforms such as UAVs (unmanned aerial vehicles), and omni-directional tower mounts for border surveillance and critical infrastructure security.
Commenting on the achievement of this milestone, ViaLogy's CEO, Michael Kelly, said: "MPEX is very well aligned with the ViaLogy business model. We can apply our unique expertise and sensor-agnostic signal processing technology to commercial off-the-shelf hardware and sensors to deliver enhanced performance at a fraction of the cost of comparabale systems especially designed for military applications."
Next steps in the Boeing collaboration include a demonstration of the use of MPEX Electronic Eye engineering for detection of ground-based border intrusion events, and an aerial payload for low altitude UAVs. Successful operational demonstration of the proprietary MPEX technology could lead to its use in a number of future defense and homeland security programs.
For Further Information please contact
ViaLogy
Robert W Dean, President & CEO - US +1 626-296-6337 (mobile: +1 703-589-3807)
Terry Bond, Chairman - UK & Europe +44 (0) 1235-834734
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Mark Percy +44 (0) 20-7107-8000
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About ViaLogy: Network Centric Signal Processing.
ViaLogy is a leading innovator of network-centric, real-time signal processing platforms for sensor applications. ViaLogy is currently deploying and designing computational systems, powered by its patented technologies, for applications in life sciences, public safety and security, surveillance, defense and geoseismology. Vialogy focuses on market driven problems where automation, timeliness, quality and reliability of information processing are essential. ViaLogy's core competency incorporates rapidly and accurately detecting weak signals buried in high noise background and clutter. This technology can be employed to solve problems involving sensor integration and information overload challenges involving video, telephony and control sensors, as well as for enhancement of numerous signal processing applications. For more information, visit our website at www.vialogy.com.
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied.
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