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Fakespace Systems And Pyramid Systems Merge, Creating Clear Market Leader In Immersive Visualization Systems New Industry Powerhouse Backs Commitment to Customer Support With Broadest Product Line, Focus On Innovation Los Angeles, CA - August 9, 1999 - Today at SIGGRAPH `99, Fakespace Systems Inc.™ and Pyramid Systems, Inc.SM announced they had merged, bringing together two leaders in immersive visualization technology to form the world's premier provider of stereoscopic display systems and interactive devices. The new company is an industry powerhouse, with a comprehensive product line, the resources to provide global customer support, and a continuing commitment to innovation in the development of advanced visualization technologies. "With more than a decade of experience providing tools that help designers, engineers and researchers work with highly complex computer-generated data, the combined company is prepared to take immersive visualization into the next century," said Dan Wright, president and CEO of Fakespace Systems Inc. "Our merger with Pyramid Systems creates an unbeatable team, with a well-deserved reputation for exceptional service and support, the strongest product brands in the industry, and the world's largest installed base of immersive visualization users." Fakespace Systems' broad product portfolio includes the Immersive WorkBench™, VersaBench™ and Mini WorkBench™ projected image displays, the large-scale Immersive WorkRoom™ and Immersive WorkWall™ display systems and the award winning BOOM® and PUSH™ direct view displays. Pyramid Systems is known worldwide for its popular CAVE™ spatially immersive display and the innovative ImmersaDesk™ family of visualization systems. Senior executives from the two companies have key roles in the management team and board of Fakespace Systems. Jim Angelillo, previously president of Fakespace, Inc., becomes vice president of strategic relations. Jim Hile, previously president of Pyramid Systems, becomes vice president of worldwide sales. Mark Bolas, a founder of Fakespace, is a member of the new company's board of directors. The merger follows the recent formation of Fakespace Systems Inc., a new member of the Fakespace family of companies, focused on the design, integration and installation of immersive visualization systems. The merged company has a mandate to build on Fakespace and Pyramid's strengths as total solution providers of immersive visualization systems, through direct sales, channel sales, system integration support, and increased business development in Europe and Asia. Fakespace Labs, Inc.™, the other member of the Fakespace family, is focused on research and development of innovative display and interactive technologies, marketing of immersive peripherals, and contract R&D. Fakespace Systems and Fakespace Labs will work together closely to help define the direction of the immersive visualization industry and to provide exceptional products that meet end-user needs. "The new Fakespace Systems/Fakespace Labs structure will let the research and development team focus on development of new technologies and systems to advance the state of the art in immersive visualization," said Mark Bolas, president and CEO of Fakespace Labs, Inc. "We are looking forward to building on our combined experience to continue providing innovative, 'out-of-box' solutions to our clients in industry and research organizations. Fakespace Systems Inc. is a leading provider of interactive visualization solutions for automotive, manufacturing, military, aerospace, geophysical exploration, and scientific visualization applications. As one of the companies in the visualization group of Electrohome Limited (TSE: ELL.X, ELL.Y), the company will be headquartered in Kitchener, Ontario. The company also has regional offices in Southfield, Michigan; Mountain View, California; and San Diego, California. Fakespace Systems will merge its Michigan office into the Pyramid Systems offices in Novi, Michigan in early September. Fakespace Labs, Inc. is located at the Mountain View, California site. More information on Fakespace Systems Inc. is available on the World Wide Web at www.fakespace.com. ### About Mechdyne Corporation Mechdyne Corporation is the world’s largest company dedicated to consulting and development of immersive, networked and collaborative visualization systems. The company addresses complex projects where an in-depth understanding of user requirements leads to the development of products and customized solutions involving elements of visual, software and support systems. Mechdyne’s product divisions provide advanced display technology, audio/visual systems design, and implementation services, as well as immersive and interactive software development and support. Headquartered in Marshalltown, Iowa, Mechdyne’s customers include leading government laboratories, military research programs, energy companies and a variety of ‘edutainment,’ manufacturing, and other users of visualization technology. More information is available at www.mechdyne.com. Mechdyne Press Contact Jeff Brum Matt Schmidt |
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