HitachiSoft Invests in Lattice Technology
3D Security Business is Strengthened
August 07, 2007, San Francisco, CA - LATTICE TECHNOLOGY, Inc., developers of the XVL ultra-compressed 3D data format, announced today a significant investment from Hitachi Software Engineering Co.Ltd., HitachiSoft has acquired 800 shares (9.85%) of Lattice Technology. The company becomes the 2nd largest stockholder next to Toyota Motor Corporation.
Lattice's lightweight 3D data, XVL has rapidly spread throughout the global automobile, aerospace, electrical machinery and defense manufacturing industries with customers like Toyota Motor Corporation, Boeing, MAN, Phillips and Nikon Corporation. Lattice Technology's ultra compressed XVL format provides best in class memory efficiency and display speed. The spread of highly accurate 3D data with XVL has led to an increasing demand for data security, which led to Lattice and HitachiSoft cooperating to develop solutions for 3D data security.
This cooperation will be further strengthened by the investment. HitachiSoft recently released XVLstaff and Lattice Technology will add improved security features to XVL Studio Version 7.0 to be released this summer. These tools developed using the rich rights management environment of Adobe LiveCycle Rights Management, allow granular control of access rights to 3D data for internal and external data sharing, including the revision control and expiration of distributed data, as well as logging of unauthorized access attempts.
"This investment further strengthens Lattice Technology and ensures that we can continue to develop industry leading software to meet the evolving 3D data needs of our customers," said Bill Barnes, General Manager, Lattice Technology, Inc. "This is an exciting time to be in this market and having partners like HitachiSoft will mean that we can continue to grow both our products and our company."
About Lattice Technology, Inc.
Founded in 1997 with headquarters in Tokyo, Japan and San Francisco, USA, Lattice Technology provides global companies with proven solutions for the propagation of 2D/3D design data across the enterprise. Lattice's standards based XVL® (eXtensible Virtual world description Language) technology enables companies to securely provide highly accurate and compressed 3D files to partners, suppliers, and internal departments in a lightweight browser-based solution. XVL® is unmatched in performance, compression and accuracy. XVL is widely introduced in more than 2000 companies, mainly in the automotive and electronics industries. For more information, visit www.lattice3d.com.
About Hitachi Software Engineering Co. Ltd.
Hitachi Software Engineering Co. Ltd. was established in 1970 as the first software development company in the Hitachi Group and we are now among the leading IT service companies in the industry. We mainly deal with basic software for mainframe computers and large-scale systems and networks for government agencies as well as the financial, insurance, and securities industries. In 1992, we listed on the first section of the Tokyo Stock Exchange. We are also expanding our businesses into the fields including Internet, High Level Security Software, Life Science, GIS, Satellite Imagery Service, and Interactive Whiteboard" Starboard".
http://hitachisoft.jp/
Contact
Jenee White
Tel: (303) 487-7406
Email: jenee@ashurstbridge.com
