Searchlight Solutions Provides Shareholder Update; Management Optimistic on Future of Cloud Computing Industry
June 08 2011 - 3:10PM
Marketwired
Searchlight Solutions (PINKSHEETS: SLLN) management is confident
and optimistic about the future of the cloud computing industry and
believes there is a tremendous opportunity ahead for its
Searchlight Scientific HPC cloud computing business. Specifically,
the Company provides the following industry news as sources for its
optimism:
- Company management believes that the cloud computing industry
took a major step forward with the recent announcement by Apple of
its cloud service. See the following article by PC Mag: "Apple
iCloud Solidifies the Cloud":
http://www.pcmag.com/article2/0,2817,2386494,00.asp
- Per recent findings of the technology research firm Gartner
Inc., the global cloud service market is expected to grow
substantially with revenue expected to reach $148.8 billion by
2014.
- "Healthcare among top adopters of cloud computing":
http://www.healthcareitnews.com/news/poll-healthcare-among-top-adopters-cloud-computing
Furthermore, the Company is proud to state to its shareholders
that it feels the following recent accomplishments have laid a
solid foundation to build its HPC cloud business on:
Completed acquisition of high-performance
computing ("HPC") company, Linux Labs International Inc.
Linux Labs International Inc. is a seven-year-old company that
designs and builds high-performance supercomputers utilizing their
proprietary Nimbus OS™. Linux Labs is a revenue generating company
that is launching a new cloud based solution for the HPC
marketplace. This will form the foundation for Searchlight's cloud
computing business.
Completed development for the prototype of
their cloud based secure storage solution which is a component of
the Linux Labs Indigo file system.
Upon completion this development will give Linux Labs
competitive advantages in the Cloud Storage arena because the
efficiency of data handling is substantially increased when login
data is handled in this manner.
Recently signed strategic alliance agreement
with Relify Security, LLC.
This alliance is for Searchlight Scientific and Relify Security
to co-develop a next generation file system architecture for
securing customer data in Cloud environments.
Searchlight Solutions Ltd. (PINKSHEETS:
SLLN) is a technology venture holding company that provides
business development and high level management services for early
stage technology companies who are pursuing the benefits of the
public marketplace.
Searchlight Scientific is a next
generation data services company focusing on developing and growing
cloud based solutions to solve tomorrow's computing challenges.
www.searchlightscientific.com
Linux Labs International Inc. is a hybrid
engineering firm specializing in technologies that expand the field
of high performance supercomputing. Linux Labs designs and builds
high-performance supercomputers utilizing their proprietary
NimbusOS™. www.linuxlabs.com
FORWARD LOOKING STATEMENT DISCLAIMER
Forward-Looking Statements: The statements
in this press release or on the Company's website and any other
statements relative to the Company, which are not historical facts,
are forward-looking statements -- that is, statements related to
future, not past, events. These statements may be identified by
words such as "expects," "looks forward to," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates," "will,"
"project" or words of similar meaning. Such statements are based on
the current expectations and certain assumptions of the Company's
management, and are, therefore, subject to certain risks and
uncertainties, including but not limited to, costs and difficulties
related to the state of the Company's current operations,
applicability of the Company's technology, costs, delays, and any
other difficulties related to the Company's business plan, the
company's sources of liquidity, risks and effects of legal and
administrative proceedings and governmental regulation, future
financial and operational results, competition, general economic
conditions, marketability of the Company's products and services,
and the ability to manage and continue growth. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual outcomes may vary materially
from those indicated. A variety of factors, many of which are
beyond the Company's control, affect the Company's operations,
performance, business strategy and results and could cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements that may be expressed or implied by such
forward-looking statements. We undertake no obligation to revise or
update such statements to reflect current events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.
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For more information email Searchlight Solutions
Email Contact or go to the website www.searchlightscientific.com
Phone (866)230 4056
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