COLUMBIA, SC, October 2, 2007 – The University of South Carolina has signed an agreement with Collexis Inc. and SC Launch! that will create a partnership for hydrogen fuel research and make the university an international technology hub in that field.
Using several different sources of research, Collexis will build a hydrogen fuel dashboard – similar to a virtual library – that will be available for free to the South Carolina research community and available online, for a fee, to researchers across the world.
The new partnership builds on successful research collaborations between Collexis and South Carolina in the health sciences, the university library and the department of computer sciences and engineering.
Dr. Harris Pastides, university vice president for research and health sciences, said the agreement will give university researchers a competitive edge and raise the university’s visibility internationally among alternative fuel researchers.
We are very excited about this new collaboration because it will provide our research community with the most advanced information and discovery tools for hydrogen fuels and give them a unique edge, Pastides said. Moreover, it will enhance the University of South Carolina’s international leadership position and brand in alternative fuel research. These partnerships that combine our faculty expertise with corporate partners like Collexis bring tremendous opportunities to the university and to Columbia.
The agreement calls for SC Launch! to fund the endeavor with $200,000. SC Launch! was created by the S.C. Research Authority to help commercialize research ventures, including those from the state’s three major research universities.
Faculty from the university’s College of Engineering and Computing, as well as the School of Library and Information Science, will be involved in the project.
Collexis will develop the hydrogen fuel search portal and the hydrogen fuel dashboard. The hydrogen fuel search portal will utilize data from the U.S. Department of Defense and the U.S. Department of Energy, as well as resources from the university’s Thomas Cooper Library.
University researchers will, in turn, have access to Collexis’ advanced technology and semantic search capabilities and be able to trend research across many data sources, identify experts and identify literature by relevant concept(s).
The dashboard will be the basis for an additional seven other alternative energy topics, which will be used to create a co-branded USC / Collexis alternative energy suite.
Collexis Holdings CEO Bill Kirkland said the partnership establishes a new commercial relationship among Collexis, SCLaunch! and the University of South Carolina.
This partnership and collaboration with the University of South Carolina is unprecedented, as we are developing a suite of products together utilizing our patented Collexis high-definition search technology and their subject matter expertise in the alternative fuel area to deliver a portal and dashboard that will improve the researchers’ productivity, knowledge and wisdom of alternative fuels, Kirkland said.
Bill Mahoney, CEO of the S.C. Research Authority, said the collaboration is an ideal public/private partnership.
Having worked with Collexis since prior to its locating in Columbia, SCRA’s affiliate SC Launch! is very pleased to be a part of this initiative, Mahoney said. It is a perfect example of the public/private collaboration that has brought USC, Columbia and South Carolina to the forefront in the pursuit of hydrogen and fuel cell components of a knowledge based economy. Expect great things to come out of this collaboration.
Collexis Holdings, Inc.
Collexis Holdings, Inc., a global knowledge discovery company since 1999, is headquartered in Columbia, South Carolina (USA) with two subsidiaries; Collexis Inc. in Columbia, South Carolina, USA and Collexis, B.V. in Geldermalsen, The Netherlands. Collexis patented technology builds conceptual profiles of text, called Fingerprints, from documents, websites, e-mails and other digitized content and matches them with a comprehensive list of pre- defined fingerprinted concepts to make research results more relevant and efficient. This matching of concepts eliminates the ambiguity and lack of priority associated with word searches. The results are often described as finding needles in many haystacks. Through this novel approach, Collexis can build unique applications to search, index and aggregate information as well as prioritize, trend and predict data based on sources in multiple industries without the limitations of language or dialect. Representative clients include the NIH, Johns Hopkins, Erasmus University Rotterdam, the Wellcome Trust, Harvard and the University of South Carolina to name a few. Collexis shares of common stock are traded under the symbol CLXS on the OTC Bulletin Board (OTC BB). For more information visit www.collexis.com.
This press release contains forward-looking statements. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to future outcomes. Factors that could affect future performance include business and economic trends, the ability to continue funding operating losses, fluctuations in operating results, continued success in developing our research software and other risk factors as disclosed in our public filings with the Securities and Exchange Commission.
The University of South Carolina
For two centuries, the University of South Carolina’s scholarship, research and outreach efforts have contributed to the greater good of society. With 39,000 students on eight campuses and more than 350 degree programs — including law, engineering, public health and medicine — and 240,000 alumni, the University is improving the lives of individuals in South Carolina and around the world. South Carolina has received the highest research designation awarded by the Carnegie Foundation, and the University’s undergraduate international business program is ranked best in the nation in U.S. News & World Report.