Searchlight Comments on Its Opportunity in a Growing Cloud Computing Market, Which Is Expected to Grow to $241 Billion by 2020
June 24 2011 - 4:30PM
Marketwired
Searchlight Solutions Ltd. (PINKSHEETS: SLLN) today comments on
recent reports that highlight the growth potential of the cloud
computing industry.
- TG Daily reports cloud computing market to hit $121.1 billion
by 2015.
http://www.tgdaily.com/software-features/51969-cloud-computing-market-to-hit-1211-billion-by-2015
- TMC News reported that the global market for cloud computing
will grow from $40.7 billion in 2011 to more than $241 billion in
2020.
http://it.tmcnet.com/channels/cloud-computing/articles/183619-41-billion-cloud-computing-market-2011-241-million.htm
Searchlight Scientific, Inc., a wholly owned subsidiary, is
launching its HPC2 ("High Performance Cloud Computing") Service to
meet a growing demand for supercomputer type cloud computing needs
by various types of corporate customers.
The above growth forecasts by industry experts showcases the
opportunity Searchlight Scientific has within a large and growing
cloud computing marketplace. The Company looks forward to launching
its HPC2 Service and believes it can successfully take advantage of
the opportunity and deliver value for its shareholders.
About Us: 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 Inc. 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 (866) 230
4056
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