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PRG Group Announces Patent Filing for Real-Time Translator
Thursday, July 24, 2008
Piscataway, NJ -- PRG Group, Inc. (PINKSHEETS: PRGJ), a holding company for PRG Systems Inc., Prime Communications Inc. and LOCATUM, is pleased to announce that it has filed a patent application for Telator®.
Telator® is a system that provides economical real-time translation between languages. It functions equally well in the traditional voice networks and in VoIP systems. It is also applicable in either direction between any two languages and in teleconference settings. Telator® is the first real-time, fully automated language translation system.
"Computer-based translating programs have existed for years, but none have been capable of reproducing real-time technology," said Uma Pandey, CEO of PRG Group. "PRG is the first company to tap into this new market. Considering the number of corporations with subsidiaries and clients in other countries and today's global economy, we expect the market size will be very large."
"The Telator® system is unique in its automation, flexibility, and simplicity," said Dr. Ronald O. Brown who developed the system design.
PRG Group is pleased that the patent application was done by Kenyon & Kenyon, LLP of New York.
About PRG Group, Inc.
PRG Group, Inc., a holding company for PRG Systems Inc., Prime Communications and LOCATUM, has lines of business in: Consulting, Managed Services, Equipment, Network Services, Research & Development and Professional Training. PRG Group subsidiaries provide leading edge business support processes, technology and software to companies seeking to improve their cost structure, productivity and system efficiency. PRG Group, a Delaware-based corporation with offices in New Jersey, has been recognized as a leader in designing integrated solutions for businesses of all sizes.
For more information, visit http://www.prg-group.com.
Safe Harbor Statement
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Such forward-looking statements are based on the current beliefs of management and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, such as: the level of business and consumer spending, the ability of the Company to continue to expand its operations, and economic conditions in the industry. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
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