Artificial Life, Inc. Strikes Product Development Deal with 3M
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LOS ANGELES and HONG KONG, Jan. 10, 2011 - Artificial Life, Inc., (OTC Bulletin Board: ALIF) today announced that it has agreed with 3M Company ("3M": NYSE: MMM) to launch three distinct pilot projects to co-develop innovative joint mobile products in 2011.
3M (MMM) invested approximately $6.5 mm in October 2009 to acquire an equity stake of 10% in Artificial Life (ALIF), Inc. In addition, 3M and Artificial Life had entered into an alliance agreement outlining their intent to collaborate in the coming years on projects related to the research and development of new mobile device products and technology.
The parties intend to develop three pilot projects comes after a paid evaluation period of approximately 14 months during which Artificial Life had developed several show case and prototype mobile and augmented reality applications for a number of business units of 3M globally.
"We are honored that 3M has positively concluded the evaluation of our technology and decided to launch three pilot projects with us in the first quarter of 2011. We are looking forward to working with 3M on these projects and hopefully many more in the coming years," said Eberhard Schoneburg, CEO of Artificial Life, Inc.
About Artificial Life, Inc.
Artificial Life, Inc. has been a pioneer in artificial intelligence and mobile technology since its inception in Boston in 1994. We are a public US corporation (listed on OTC BB with ticker symbol: ALIF or ALIF.OB) registered in Delaware with a secondary listing on the Frankfurt Stock Exchange (AIF.F; Xetra: AIF.DE) and headquarters and production center in Hong Kong. We have additional offices in Berlin, Germany (EMEA headquarters), Los Angeles, USA and Tokyo, Japan. Currently our main business areas are: high quality (3D) interactive (massive multiplayer) mobile games, mobile participation television, mobile business applications, our powerful mobile commerce technology platform OPUS-M(TM) and our green IT solutions provided by Green Cortex, Inc. We have won many industry awards for our outstanding technology and products.
For more information about Artificial Life, Inc., please visit our website www.artificial-life.com or our products websites: www.botme.com, www.mopa-tv.com, www.green-cortex.com and www.opus-m.com
SOURCE Artificial Life, Inc.
Contact:
Artificial Life, Inc.
Adeline Law
+852-3102-2800
ir@artificial-life.com
Web Site: www.opus-m.com
