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SUNNYVALE, CA - January 24, 2005- Real-Time Innovations, Inc. (RTI)
is taking a bold step to extend its leadership in the rapidly-emerging market
for real-time information networking. In a strategic move, RTI is selling
its ScopeTools business to Wind River Systems, Inc. (NASDAQ:WIND), the global
leader in Device Software Optimization (DSO) and primary distributor of
ScopeTools for over a decade. This move will provide the total market focus
and resources required for RTI to develop an innovative, standards-based,
distributed "data-critical" systems platform.
Until now, data distribution in real
time has been extremely complex and cumbersome, with costly and unpredictable
results. RTI's new data-critical platform allows multiple sources of event-driven,
time-critical data to connect in real-time and seamlessly ties complex
networks of independent devices into a logical-and manageable-whole.
"The need for a simple and reliable way
to communicate real-time information over a network is so fundamental
that domains as diverse as command and control systems, traffic monitoring,
financial transaction processing, combat systems, and industrial sensing
all use it as a core technology," said VDC senior analyst Chris Lanfear.
RTI is uniquely positioned to seize this very large opportunity and has
already seen tremendous success with Object Management Group's (OMG) Data
Distribution Service (DDS, V1.0 standard) based platforms in military
and aerospace. In particular, NDDS was recently selected for the U.S.
Joint Strike Fighter program that builds jets to be used by the Air Force,
Navy and Marine Corps.
An important aspect of the strategic
sale of the ScopeTools business to Wind River is that RTI maintains access
to the underlying real-time visualization tool technology. RTI will continue
to develop and enhance this technology to strengthen the development environment
for the new data-critical platform.
"This enables RTI's new, open-architecture,
data-critical platform strategy. We will combine the rich publish-subscribe
NDDS middleware with new, targeted tools for distributed system visualization,
analysis and real-time debugging," said Stan Schneider, chief executive
officer of Real-Time Innovations. "This integrated platform will simplify
design, ease development and improve the quality and performance of real-time
distributed embedded systems in simulation, telecommunications, industrial
automation, medical equipment, factory automation and avionics applications."
RTI has led the way in defining the industry-standard model for real-time
networking. As RTI developed its market-leading NDDS technology, it had
the pivotal role in establishing DDS as the common standard (under the
Object Management Group) that is now universally recognized in industrial
and defense applications.
About Real-Time Innovations, Inc.
Real-Time Innovations, Inc. (RTI, www.rti.com)
leads the real-time information networking industry with the most resilient
and high performance software solutions. Its products and consulting services
provide the infrastructure for national railways, air traffic control,
traffic monitoring, mission-critical combat systems, financial transaction
processing, and industrial automation. NDDS, RTI's flagship product, connects
multiple sources of event-driven data in real-time and seamlessly ties
complex networks of independent devices into a logical whole. Raytheon,
Applied Materials, Nortel, Toyota, Fujitsu, Sony, Schneider Automation,
and the US Military rely on RTI technology for their distributed real-time
systems. Headquartered in the heart of Silicon Valley since 1991, RTI
is a privately held company.
RTI, Real-Time Innovations and NDDS are registered trademarks
or trademarks of Real-Time Innovations, Inc. All other trademarks used
in this document are the property of their respective owners.
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