SnowDroid Industries Closes Seed Round and Begins Operations

SnowDroid Industries Closes Seed Round and Begins Corporate Operations and Prototype Development SnowDroid Industries provides advanced technologies, tools and services that allow machines to think.

LONGMONT, CO-October 14. 2002-Snowdroid Industries, developers of advanced technologies, tools and services that allow machines to think, is proud to announce the closing of their initial seed round of funding today. SnowDroid Industries has officially launched to fulfill the dream of experiencing truly intelligent machines in our everyday lives," said Stephen Matson, CEO and Chairman of the Board of SnowDroid Industries.

The resources will be used to establish corporate operations, hire staff members, develop the core technology and begin building the prototype product. The basis of the products being developed is the SIMIAN artificial brain. SIMIAN brings to the world a state-of-the-art architecture that will allow the coupling of intelligent technologies with computer driven platforms to create the worlds first truly thinking machines.

SnowDroid Industries was founded to fulfill the vision of delivering on the long awaited promise of intelligent platforms that will pervade our lives throughout multiple industries. The companys first consumer offering is expected to be released in 2003.

About SnowDroid Industries:
SnowDroid Industries is a provider of innovative technologies and approaches that will allow truly intelligent machines. SnowDroids core technologies and reference designs form the foundations of the companys innovative product lines designed for the residential and commercial marketplace. SnowDroids corporate headquarters are located at the feet of the Rocky Mountains in Longmont Colorado, 30 miles north of Denver. For more information, please call 303.682.3031.