LOS ANGELES, BERLIN and HONG KONG, April 19, 2010 (GLOBE NEWSWIRE) -- Artificial Life, Inc. (OTCBB:ALIF) (Frankfurt:AIF.F) (Xetra:AIF.DE) announced today the launch of a new subsidiary and a green IT initiative.
The Company plans to set up a new entity based in Hong Kong with offices in Japan, Germany and the USA that will focus on developing innovative applications to support green and clean products and projects, to improve environmental protection and to solve complex sustainability problems. The operational launch of the new Company is scheduled for July, 2010.
The focus of the new entity and green initiative will be:
- to develop new mobile apps to identify, rank and monitor green and clean products
- to develop new mobile apps to detect, identify and report environmental hazards
- to develop new augmented reality apps to identify and monitor the carbon footprint of products
- to develop new methods and apps to find optimal solutions for complex problems with strong environmental impact like power grid optimizations, industrial production scheduling optimization and energy use minimization using sophisticated, proprietary genetic algorithms
- and to develop new methods and apps to monitor complex production plans to recognize and avoid potential environmental hazards using proprietary neural network technologies.
The Company also announced that it will use leading edge massive parallel computing devices and cloud computing for the underlying simulations required.
The Company also announced that it is currently in negotiations with several major global partners to join its green initiative.
"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 current mobile and augmented reality technologies to solve complex environmental, sustainability and green IT problems. This is an exciting new development for us. Further details will be announced soon," said Eberhard Schoneburg, CEO of Artificial Life, Inc.
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 listing on the Frankfurt Stock Exchange (Frankfurt:AIF.F) (Xetra:AIF.DE) 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 and our mobile commerce technology platform OPUS-M. We are supporting all major mobile phone operating systems and platforms. Recognized internationally for outstanding content quality and technology, we have received many international awards and have been ranked one of the fastest growing companies in Asia Pacific by Deloitte.
For more information about Artificial Life, Inc., please visit our website http://www.artificial-life.com">www.artificial-life.com or our product websites: http://www.botme.com">www.botme.com, www.mopa-tv.com and http://www.opus-m.com">www.opus-m.com .
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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.