Linux Labs Increases Sales Team to Grow Revenue in Its Core Business of Supercomputing as Market for High Performance Computi...
July 27 2011 - 9:24AM
Marketwired
Searchlight Solutions Ltd. (PINKSHEETS: SLLN) today announces its
subsidiary Linux Labs International, Inc. has increased the size of
its sales team to pursue growth in its core business of designing
and building supercomputers, or more specifically, its Linux based
cluster computers.
This ramped up sales effort is planned to take advantage of the
demand for high performance computing.
HPC advisory Council stated the total HPC market in 2010 was
$25.6 billion reaching $36.0 billion in 2015, $10.4 billion growth
2011-2015.
http://www.hpcadvisorycouncil.com/pdf/vendor_content/HPC_Market_Report_2011.pdf
Linux Labs has demonstrated their expertise in complex HPC
applications for the past 7 years by providing software design and
support for ARUP (www.arup.com), Second Avenue Subway, FireLink
LLC, among others. Linux Labs engineering team includes several
experts in this field.
Company Management stated: "We expect our sales plans will
enable Linux to secure additional business sector clients of the
caliber of an ARUP or in public sector such as universities or
government agencies."
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.
Add to Digg Bookmark with del.icio.us Add to Newsvine
For more information email Searchlight Solutions Email Contact
or go to the website www.searchlightscientific.com (866) 230
4056
Searchlight Solutions (CE) (USOTC:SLLN)
Historical Stock Chart
From Oct 2024 to Nov 2024
Searchlight Solutions (CE) (USOTC:SLLN)
Historical Stock Chart
From Nov 2023 to Nov 2024