MCLEAN, VA -- 07/08/08 --
InferX Corporation (OTCBB: IFRX), a leading
provider of predictive data analytics technologies and solutions to
government agencies and commercial firms, announced the U.S. Patent and
Trademark Office has approved the issuance to InferX a patent, "Knowledge
Inferencing and Data Visualization Method and System." The patent covers
key components of InferX's distributed Predictive Analytics software
platform, which seamlessly examines both structured and unstructured
distributed data sources on a near real time basis.
"Our experience shows innovative knowledge visualization techniques are a
very important part of improving understanding and facilitating real time
decision-making," said Dr. Jerzy Bala, InferX's Chief Technology Officer.
"InferX's distributed predictive analytics technology infers rules which
identify new decision-making insights and unexpected knowledge. Coupling
this with the ability to visualize large, complex knowledge bases, through
real time three-dimensional graphical depictions, provides a highly
effective user-customized structure for decision-making. It also provides
a high value-added component in many mission critical business and
government applications."
This patent, the second issued to InferX, describes the method and system
that employs knowledge visualization techniques for robust real-time
classification of incoming data as well as for forecasting new unexpected
trends. The Company was awarded a patent in December 2007 for "Distributed
Data Mining and Compression Method and System," the key algorithmic
component of InferX's flagship product, Distributed Data Analytics Platform
(D2AP). D2AP enables the entire enterprise to analyze data in a
distributed fashion at its point of origins, facilitating near real-time
analytics to meet critical mission needs. In addition, by keeping the data
where it resides, the approach addresses the ownership, privacy, and
security concerns of the organization or enterprise.
Paul B. Silverman, recently appointed interim CEO of InferX, said, "We are
encouraged by the opportunity for InferX's leading edge distributed
predictive analytics solutions to improve business performance and manage
enterprise risk in diverse sectors with applications ranging from security,
fraud detection, financial transaction auditing, equipment maintenance and
many others. Within the insurance sector, for example, it is estimated
that less than one out of 20 firms have automated predictive analytic
capabilities in place to detect fraudulent claims by screening both
structured data and text information. This lack of important predictive
analytics tools impacts business performance, impacts fraud detection and
increases enterprise risk. Unfortunately this is a pattern we see in the
financial services, banking and many other sectors. We foresee InferX's
patented data analytics solution making a substantive contribution to
address these issues."
About InferX Corporation
InferX Corporation (OTCBB: IFRX) is a market leader in next generation
predictive analytics. The Company has pioneered and commercialized a
powerful, proprietary suite of data analytical risk and threat assessment
solutions including:
-- InferAgent, a technology that accesses, analyzes and performs
predictive analyses in real-time on multiple, distributed, disparate
databases;
-- InferText, a technology that accesses, analyzes and performs
predictive analyses on documents, reports, e-mails and other texts;
-- InferCluster, a technology that allows users to automatically identify
data clusters and outliers hidden in large amounts of data;
-- Distributed Data Analytics Platform (D2A), used to concurrently
analyze data using InferAgent, InferText and InferCluster.
For more information go to the InferX website www.inferx.com.
Safe Harbor
This release contains various forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 which represent the company's expectations
or beliefs concerning future events of the company's financial performance.
These forward-looking statements are further qualified by important factors
that could cause actual results to differ materially from those in the
forward-looking statements including the Company's ability to obtain future
financing on favorable terms, changes in the wireless and
telecommunications industries that compel the Company to alter its present
business strategy, the Company's ability to attract management capable of
implementing the Company's existing or future business strategy and the
risk factors set forth in the Company's 10-K for the year ended December
31, 2007. Results actually achieved may differ materially from expected
results included in these statements as a result of these factors or
others.
Contact:
Michael Dodge
ROI Group LLC
44 Wall St., 12 fl.
212.495.0744
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