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National Scientific Corp. and TurboWorx Announce Joint Technology Development and Marketing Program SCOTTSDALE, Ariz. --(Business Wire)-- Nov. 4, 2004 -- Plan Targets High-Performance Sensor-Based Applications for Government CustomersU.S. technology firm National Scientific Corp. (OTCBB: NSCT) announced today a memorandum of understanding (MOU) with TurboWorx Inc. regarding joint technology development and cooperative marketing. The plan involves the marriage of NSC's location sensor technology to the powerful computing engines developed by TurboWorx. Jeff Augen, CEO of TurboWorx, stated, "National Scientific offers unique wireless and mobile devices and sensors that can be used for a variety of cross-industry applications. The technology has special relevance for national security and government applications, such as law enforcement, immigration, healthcare, and general-purpose indoor tracking. Such devices are increasingly being linked to back-end systems to provide real-time decision-making capabilities for mobile end users. An example involves linking real-time identification and tracking of potential criminals or terrorists moving through a busy environment such as an airport, with associated database searches. Successful deployment of a robust tracking system requires that the tracking devices seamlessly communicate to one or more multidisciplinary agencies with multiple applications and incompatible databases that reside on numerous back-end servers. The challenge is to easily access all the data, quickly analyze it, and return the information to the mobile user. TurboWorx Workflow(TM) software can form the integration platform for many of these complex back-end applications while providing a simple open interface to mobile devices." Michael Grollman, CEO of NSC, added, "TurboWorx software can accelerate complex analytic processing operations such as fingerprint or retinal scan analysis, complex pattern recognition, and large-scale database searches. Additionally, the various systems that run these applications are often diverse and incompatible or are running on different operating systems and possibly, even in international settings, encountering language translation issues. TurboWorx solutions are specifically designed to facilitate linking such systems into a coherent processing network for the purpose of solving a wide range of 'data-driven' computing problems. Combining both sets of capabilities can create an unusually effective environment for on demand or sense and respond computing models. This non-binding MOU is the first step in building a relationship between TurboWorx and National Scientific that could have powerful and exciting implications for the future of both firms." The two firms plan to cooperate in both the development of complementary technologies, and the marketing of these technologies to their respective customer bases. The companies plan an initial focus on the public security sector and health sciences. About TurboWorx Inc. TurboWorx distributed computing solutions provide the leading end-to-end software solution for companies to describe, distribute and solve their most complex, time-critical computing problems in any computing environment. TurboWorx solutions can completely transform how life sciences, financial services, manufacturing, automotive, energy exploration and production, and aerospace companies solve their most complex computing problems. TurboWorx's intuitive interface allows researchers, analysts, and other professionals to describe compute-intensive business critical processes in their own business terms. The software then converts and distributes the complete problem across the enterprise infrastructure as a "computational workflow." These solutions are fundamentally different from more traditional "transactional workflows" that are often used to automate simple "assembly line" tasks such as document management and order processing. TurboWorx creates a competitive advantage for its customers by automating and solving complex, distributed, compute-intensive problems, and by removing the repetitive cut-paste and wait cycles. These capabilities enable companies to: -- solve complex problems before the competition; -- achieve results that could never be realized before; -- computerize manually intense work for accelerated results; and -- automatically analyze different data scenarios to achieve optimal answers. No other company currently offers these performance/business advantages. Fortune 50 companies such as IBM (NYSE: IBM), Bayer (NYSE: BAY), DuPont (NYSE: DD), Dow Chemical (NYSE: DOW) and Global 1000 companies including Karo Bio AB (KARO.ST), and Protana Inc. are just some of the firms that depend on TurboWorx every day. For more information, visit www.turboworx.com or contact Joe Romano, partner, HighGround Inc. at 781-279-1320, ext. 208 or [email protected]. About National Scientific Corp. National Scientific Corp. offers effective indoor and outdoor wireless location-sensitive solutions. National Scientific's core business focuses on wireless location-sensing products and semiconductor IP (8 patents), with solutions that blend semiconductor design, Wi-Fi, GPS, Linux, RFID, UWB, satellite, cellular technologies and more into cost-effective and unique vertical market platforms. Intent upon making devices that are smaller, faster, safer, and with a special interest in the safety of children, National Scientific develops and sells a variety of devices that location-enable important commercial and non-commercial activities, such as the safe and secure movement of people and assets over short and long distances. For more information about National Scientific, its technology and its people, please visit the company's Web site at www.national-scientific.com or call them directly at 480-948-8324. Certain information and comments contained in this press release may be 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). Factors set forth in the company's Annual Report on Form 10-KSB for the fiscal year ended Sept. 30, 2003, its subsequent Form 10-QSB filings together with other factors that appear in this press release or in the company's other SEC filings could affect the company's actual results and could cause the company's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of the company, in this press release. The company undertakes no obligation to publicly release the results of any revisions to the forward-looking statements made in this press release to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events. |
